David Einhorn - Jul 25, 2023 Form 4 Insider Report for GREENLIGHT CAPITAL RE, LTD. (GLRE)

Role
Director, 10%+ Owner
Signature
/s/ Daniel Roitman, attorney-in-fact for David Einhorn*
Stock symbol
GLRE
Transactions as of
Jul 25, 2023
Transactions value $
$0
Form type
4
Date filed
7/27/2023, 04:05 PM
Previous filing
Jan 4, 2023
Next filing
Aug 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLRE Class B Ordinary Shares Other -4.86M -100% 0 Jul 25, 2023 By LLC F1, F2
transaction GLRE Ordinary Shares Other +4.86M 4.86M Jul 25, 2023 By LLC F1, F2
transaction GLRE Class B Ordinary Shares Other -1.39M -100% 0 Jul 25, 2023 By Trust F1, F3
transaction GLRE Ordinary Shares Other +1.39M 1.39M Jul 25, 2023 By Trust F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a reclassification exempt under Rule 16b-7 and approved by the shareholders of the Issuer, each Class B Ordinary Share was reclassified into one Class A Ordinary Share and was immediately thereafter reclassified as one Ordinary Share.
F2 These shares are held by a limited liability company (the "LLC"). The Reporting Person is the sole Manager of the LLC, and interests in the LLC are held by a family trust the beneficiaries of which are the Reporting Person's children. Class B Ordinary Shares of the Issuer were previously transferred to the LLC by the Reporting Person in a transaction exempt from reporting under Rule 16a-13.
F3 These shares are held by a family trust, the beneficiaries of which are the Reporting Person's children. Class B Ordinary Shares of the Issuer were previously transferred to such trust by a predecessor trust in a transaction exempt from reporting under Rule 16a-13.

Remarks:

* The Power of Attorney executed by David Einhorn, authorizing the signatory to sign and file this report on David Einhorn's behalf, filed as Exhibit 99.1 to the Schedule 13D filed with the Securities and Exchange Commission on August 29, 2019 by the Reporting Person and other reporting persons with respect to the common units of CONSOL Coal Resources LP, is hereby incorporated by reference. The Reporting Persons is a Director of the Issuer. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owners of the shares reported herein are deemed directors by deputization by virtue of their representation on the Board of Directors of the Issuer. The Reporting Person disclaims beneficial ownership of the Ordinary Shares reported herein except to the extent of his pecuniary interests therein.