A Form 4 filed on November 2, 2026 reports that David Einhorn, a Director and 10% owner of Greenlight Capital Re, Ltd. (NASDAQ:GLRE), disposed of 120,335 ordinary shares on October 30, 2026 through a family trust under a share repurchase agreement with the issuer.

Key Highlights

  • Reporting person: David Einhorn, identified as a Director and 10% owner of Greenlight Capital Re, Ltd.
  • Transaction: 120,335 ordinary shares disposed of (transaction code D) on October 30, 2026 at a price of $15.0628 per share.
  • Selling entity: The David M. Einhorn 2021-07 Family Trust, a family trust whose beneficiaries are Einhorn's children, sold the shares back to the issuer under an Ordinary Share Repurchase Agreement.
  • Remaining indirect holdings via trust: 1,164,093 ordinary shares held indirectly by the David M. Einhorn 2021-07 Family Trust following the transaction.
  • Separate LLC holding: 4,864,227 ordinary shares held indirectly through DME 2022 Holdings LLC, of which Einhorn is the sole Manager and interests are held by a family trust for his children.
  • Disclaimer: According to the filing, Einhorn "disclaims beneficial ownership of the ordinary shares reported herein except to the extent of his pecuniary interests therein."

Issuer Repurchase of Einhorn Family Trust Shares in Greenlight Capital Re

According to the Form 4 filing, the transaction reported was not an open-market sale by Einhorn personally. Instead, on October 30, 2026, Greenlight Capital Re, Ltd. itself purchased 120,335 ordinary shares from the David M. Einhorn 2021-07 Family Trust pursuant to an Ordinary Share Repurchase Agreement between the issuer and the trust. The filing identifies the trust as a family trust whose beneficiaries are Einhorn's children. The price reported for the disposed shares was $15.0628 per share.

Following this transaction, the David M. Einhorn 2021-07 Family Trust held 1,164,093 ordinary shares indirectly. Separately, the filing reports 4,864,227 ordinary shares held indirectly through DME 2022 Holdings LLC. The filing states that Einhorn is the sole Manager of that LLC and that interests in the LLC are held by a family trust whose beneficiaries are also his children. No transaction involving the LLC shares was reported in this filing.

The filing notes that Einhorn's authority to have the form signed and filed on his behalf derives from a Power of Attorney incorporated by reference from an exhibit filed with the SEC on August 29, 2019. The form was signed by Daniel Roitman as attorney-in-fact for David Einhorn on November 2, 2026. The filing also states that, for purposes of Section 16 of the Securities Exchange Act of 1934, "the beneficial owners of the shares reported herein are deemed directors by deputization by virtue of their representation on the Board of Directors of Greenlight Capital Re, Ltd."

What Was Disclosed

The filing discloses a disposition of 120,335 Greenlight Capital Re ordinary shares at $15.0628 per share on October 30, 2026 by the David M. Einhorn 2021-07 Family Trust through a repurchase agreement with the issuer, leaving 1,164,093 shares held indirectly by the trust and 4,864,227 shares held indirectly through DME 2022 Holdings LLC.