David Einhorn - Dec 30, 2022 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
Dec 30, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 03:58 PM
Previous filing
Jul 5, 2022
Next filing
Jul 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRBK Common Stock Other $0 -56.9K -0.68% $0.00 8.29M Dec 30, 2022 See Footnote F1, F2, F3, F4, F5
transaction GRBK Common Stock Other $0 -253K -5.08% $0.00 4.72M Dec 30, 2022 See Footnote F1, F2, F3, F4, F6
holding GRBK Common Stock 827K Dec 30, 2022 Direct F1, F2
holding GRBK Common Stock 2.74M Dec 30, 2022 See Footnote F1, F3, F4, F7
holding GRBK Common Stock 850K Dec 30, 2022 See Footnote F1, F3, F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 David Einhorn is the president of Greenlight Capital, Inc. ("Greenlight Inc.") and 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 Greenlight Inc., 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 positions with respect to Greenlight Inc. and DME GP.
F2 Represents in-kind distributions of shares of Common Stock (defined below) distributed by GCOP, Ltd. and GCOM (each as defined below) to Mr. Einhorn. Such distributions resulted only in a change in the form of Mr. Einhorn's beneficial ownership of shares of Common Stock, and his receipt of such shares qualifies for exemption under Rule 16a-13.
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 Partners, Ltd. ("GCOP, Ltd."), Greenlight Capital Offshore Master, Ltd. ("GCOM"), Solasglas Investments, LP ("SILP") and a private investment fund for which DME CM manages a portfolio (the "Sub-Account"), in the respective capacities and quantities further described in the footnotes below.
F4 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 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 GCOP, Ltd., GCOM, SILP or the Sub-Account.
F5 Greenlight Inc. controls the voting and disposition of 8,291,545 shares of Common Stock held for the account of GCOP, Ltd. of which Greenlight Inc. acts as investment advisor.
F6 DME CM controls the voting and disposition of 4,718,773 shares of Common Stock held for the account of GCOM, of which DME CM acts as investment advisor.
F7 DME controls the voting and disposition of 2,740,190 shares of Common Stock held for the account of SILP, of which DME serves as investment advisor.
F8 DME CM controls the voting and disposition of 850,000 shares of Common Stock held for the account of the Sub-Account, of which DME serves as an investment advisor.

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 Persons with respect to the common units of CONSOL Coal Resources, 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.