Grep Gp III, Llc - Oct 24, 2022 Form 3 Insider Report for Granite Ridge Resources, Inc. (GRNT)

Role: 10%+ Owner
Signature: /s/ Emily Fuquay, by power of attorney for GREP GP III, LLC
Stock symbol: GRNT
Transactions as of: Oct 24, 2022
Transactions value $: $0
Form type: 3
Date filed: 10/24/2022, 06:07 PM
Next filing: Aug 30, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GRNT	Common Stock, par value $0.0001 per share						28.8M	Oct 24, 2022	See footnote	F1, F2
holding	GRNT	Common Stock, par value $0.0001 per share						66.2M	Oct 24, 2022	See footnote	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares are owned directly by GREP Holdco III-A, LLC ("Holdco III-A"). Holdco III-A is indirectly controlled by GREP GP III, LLC ("Fund III GP"). Fund III GP is the sole general partner of Grey Rock Energy Partners GP III, L.P. ("GREP GP III"), which is the sole member of GREP GP III Holdings, LLC ("GREP GP III Holdings"), which is the sole general partner of Grey Rock Energy Partners GP III-A, L.P. ("GP III-A"). GP III-A is the sole general partner of Grey Rock Energy Fund III-A, LP ("Fund III-A"), which is the sole member of Holdco III-A.
F2	As a result, Fund III GP, GREP GP III and GREP GP III Holdings may be deemed to share the power to vote or direct the vote or to dispose or direct the disposition of the Granite Ridge Resources, Inc. ("Granite Ridge") common stock owned by Holdco III-A. Fund III GP, GREP GP III, GREP GP III Holdings, GP III-A and Fund III-A disclaim beneficial ownership of the Granite Ridge common stock held by Holdco III-A in excess of such entity's pecuniary interest therein.
F3	These shares are owned directly by GREP Holdco III-B Holdings, LLC ("Holdco III-B"). Holdco III-B is indirectly controlled Fund III GP. GREP GP III Holdings is the sole general partner of Grey Rock Energy Partners GP III-B, L.P. ("GP III-B"). GP III-B is the sole general partner of each of Grey Rock Energy Fund III-B, LP ("Fund III-B") and Grey Rock Energy Fund III-B Holdings, L.P. ("Fund III-B Holdings"). Fund III-B and Fund III-B Holdings are the sole members of Holdco III-B. As a result, Fund III GP, GREP GP III, GREP GP III Holdings, GP III-B, Fund III-B and Fund III-B Holdings may be deemed to share the power to vote or direct the vote or to dispose or direct the disposition of the Granite Ridge common stock owned by Holdco III-B. Fund III GP, GREP GP III, GREP GP III Holdings, GP III-B, Fund III-B and Fund III-B Holdings disclaim beneficial ownership of the Granite Ridge common stock held by Holdco III-B in excess of such entity's pecuniary interest therein.

Remarks:

Exhibit List: Exhibit 24.1 Power of Attorney (GREP GP III, LLC); Exhibit 24.2: Power of Attorney (Grey Rock Energy Partners GP III, L.P.); Exhibit 24.3: Power of Attorney (GREP GP III Holdings, LLC); Exhibit 24.4: Power of Attorney (Grey Rock Energy Partners GP III-A, L.P.); Exhibit 24.5: Power of Attorney (Grey Rock Energy Fund III-A, LP); Exhibit 24.6: Power of Attorney (GREP Holdco III-A, LLC); Exhibit 24.7: Power of Attorney (Grey Rock Energy Partners GP III-B, L.P.); Exhibit 24.8: Power of Attorney (Grey Rock Energy Fund III-B, LP); Exhibit 24.9: Power of Attorney (Grey Rock Energy Fund III-B Holdings, L.P.); Exhibit 24.10: Power of Attorney (GREP Holdco III-B Holdings, LLC)