Grep Gp II, Llc - Jan 19, 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 II, LLC
Stock symbol: GRNT
Transactions as of: Jan 19, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/23/2023, 08:58 PM
Previous filing: Oct 24, 2022

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	-7.75M	-50.44%	$0.00	7.62M	Jan 19, 2023	Direct	F1, F3
transaction	GRNT	Common Stock, par value $0.0001 per share	Other	$0	-5.25M	-50.23%	$0.00	5.2M	Jan 19, 2023	Direct	F2, F4, F5

* 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 II-B Holdings, LLC to its direct and indirect owners.
F2	Pro rata distribution from GREP Holdco II, LLC to its direct and indirect owners.
F3	These shares are owned directly by GREP Holdco II-B Holdings, LLC ("Holdco II-B") and Grey Rock Energy Partners GP II-B, L.P. ("GP II-B"). Holdco II-B is indirectly controlled Fund II GP. GREP GP II Holdings is the sole general partner of GP II-B. GP II-B is the sole general partner of each of Grey Rock Energy Fund II-B, LP ("Fund II-B") and Grey Rock Energy Fund II-B Holdings, L.P. ("Fund II-B Holdings"). Fund II-B and Fund II-B Holdings are the sole members of Holdco II-B. As a result, Fund II GP, GREP GP II, GREP GP II Holdings, GP II-B, Fund II-B and Fund II-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 II-B and GP II-B. Fund II GP, GREP GP II, GREP GP II Holdings, GP II-B, Fund II-B and Fund II-B Holdings disclaim beneficial ownership of the Granite Ridge common stock held by Holdco II-B and GP II-B in excess of such entity's pecuniary interest therein.
F4	These shares are owned directly by GREP Holdco II, LLC ("Holdco II-A") and Grey Rock Energy Partners GP II-A, L.P. ("GP II-A"). Holdco II-A is indirectly controlled by GREP GP II, LLC ("Fund II GP"). Fund II GP is the sole general partner of Grey Rock Energy Partners GP II, L.P. ("GREP GP II"), which is the sole member of GREP GP II Holdings, LLC ("GREP GP II Holdings"), which is the sole general partner of GP II-A. GP II-A is the sole general partner of Grey Rock Energy Fund II, LP ("Fund II-A"), which is the sole member of Holdco II-A.
F5	As a result, (i) Fund II GP, GREP GP II and GREP GP II 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 II-A and GP II-A. Fund II GP, GREP GP II and GREP GP II Holdings disclaim beneficial ownership of the Granite Ridge common stock held by Holdco II-A and GP II-A in excess of such entity's pecuniary interest therein.