Grep Gp III, Llc - Aug 25, 2023 Form 4 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
Aug 25, 2023
Transactions value $
$0
Form type
4
Date filed
9/1/2023, 03:40 PM
Previous filing
Oct 24, 2022
Next filing
Sep 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRNT Common Stock, par value $0.0001 per share Other $0 -9.57M -33.17% $0.00 19.3M Aug 25, 2023 See footnote F1, F2, F3, F4
transaction GRNT Common Stock, par value $0.0001 per share Other $0 -22M -33.19% $0.00 44.3M Aug 25, 2023 See footnote F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pro rata distribution from GREP Holdco III-A, LLC ("Holdco III-A").
F2 The original Form 4, filed on August 30, 2023, is being amended by this Form 4 amendment solely to correct an administrative error, which misreported the amount of a pro rata distribution from Holdco III-A as 9,602,493 when in fact 9,569,721 shares of the Issuer's common stock were distributed from Holdco III-A to ultimate beneficial owners not controlled by GREP GP III, LLC. As a result of this administrative error, the number of shares beneficially owned by the reporting person following the corrected transaction reflects an increase in the number of shares reported as beneficially owned by the reporting person by 32,772 shares.
F3 These shares are owned directly by 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.
F4 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.
F5 Pro rata distribution from GREP Holdco III-B Holdings, LLC ("Holdco III-B").
F6 The original Form 4, filed on August 30, 2023, is being amended by this Form 4 amendment solely to correct an administrative error, which misreported the amount of a pro rata distribution from Holdco III-B as 22,047,123 when in fact 21,981,578 shares of the Issuer's common stock were distributed from Holdco III-B to ultimate beneficial owners not controlled by GREP GP III, LLC. As a result of this administrative error, the number of shares beneficially owned by the reporting person following the corrected transaction reflects an increase in the number of shares reported as beneficially owned by the reporting person by 65,545 shares.
F7 These shares are owned directly by 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.