David Einhorn - Jan 2, 2024 Form 4 Insider Report for Green Brick Partners, Inc. (GRBK)

Signature
/s/ Daniel Roitman, attorney-in-fact for David Einhorn*
Stock symbol
GRBK
Transactions as of
Jan 2, 2024
Transactions value $
-$43,353,000
Form type
4
Date filed
1/4/2024, 04:06 PM
Previous filing
Dec 5, 2023
Next filing
Jul 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRBK Common Stock Sale -$43.4M -938K -34.21% $46.24 1.8M Jan 2, 2024 See footnote F1, F2, F3, F5, F6
holding GRBK Common Stock 827K Jan 2, 2024 Direct F1, F2
holding GRBK Common Stock 42K Jan 2, 2024 By simplified employee pension plan
holding GRBK Common Stock 8.66M Jan 2, 2024 See footnote F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 David Einhorn is the senior manager of DME Advisors GP, LLC ("DME GP"). DME GP is the general partner of DME Advisors, LP ("DME") and DME Capital Management, LP ("DME CM" and, together with DME GP, DME, and Mr. Einhorn, the "Reporting Persons"). Mr. Einhorn may be deemed to beneficially own the securities reported herein by virtue of his position with respect to DME GP.
F2 Pursuant to Rule 16a-1 under the Securities Exchange Act of 1934, as amended (the "Act"), the Reporting Persons disclaim beneficial ownership of the Common Stock (as defined below) except to the extent of their respective pecuniary interests therein. The filing of this Form 4 shall not be construed as an admission that any of the Reporting Persons is for the purposes of Section 16(a) of the Act, or otherwise, the beneficial owner of any of the Common Stock held for the account of GCOM, the SPVs, or SILP (each as defined below).
F3 The Reporting Persons control the disposition and voting of shares of Common Stock ("Common Stock") of the Issuer held for the account of Greenlight Capital Offshore Master, Ltd. ("GCOM"), certain special purpose vehicles (the "SPVs"), and Solasglas Investments, LP ("SILP"), in the respective capacities and quantities further described in the footnotes below. Holdings reported herein reflect a prior reallocation of shares of Common Stock in connection with an internal reorganization that was exempt from reporting under Rule 16a-13, in which there was no change in any Reporting Person's pecuniary interest in the Common Stock.
F4 DME CM controls the voting and disposition of 8,664,693 shares of Common Stock held for the accounts of GCOM and the SPVs, of which in each case DME CM acts as investment advisor.
F5 DME controls the voting and disposition of 1,802,690 shares of Common Stock held for the account of SILP, of which DME serves as investment advisor.
F6 Sales made pursuant to a previously disclosed agreement.

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. Mr. Einhorn is a Director of the Issuer. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Persons other than Mr. Einhorn are deemed directors by deputization by virtue of their representation on the Board of Directors of the Issuer.