David Einhorn, DME 2022 Holdings, LLC, and The David M. Einhorn 2021-07 Family Trust filed Amendment No. 4 to Schedule 13D with the SEC on November 2, 2026, disclosing a new Ordinary Share Repurchase Agreement between the Trust and Greenlight Capital Re, Ltd. dated October 30, 2026.

Key Highlights

  • New repurchase agreement: Greenlight Capital Re agreed to repurchase from the Trust, and the Trust agreed to sell to the company, a number of Ordinary Shares on March 5, 2027, at a weighted average price calculated pursuant to the agreement.
  • Recent transaction completed: The Trust sold 120,335 Ordinary Shares to the company at $15.0628 per share on October 30, 2026, under a previously disclosed repurchase agreement dated August 4, 2026.
  • David Einhorn's aggregate stake: Einhorn beneficially owns 6,028,320 Ordinary Shares, representing 18.7% of the class, all on a shared voting and dispositive basis.
  • DME 2022 Holdings, LLC position: The LLC holds shared voting and dispositive power over 4,864,227 Ordinary Shares, representing 15.1% of the class.
  • Trust position: The David M. Einhorn 2021-07 Family Trust holds shared voting and dispositive power over 1,164,093 Ordinary Shares, representing 3.6% of the class.
  • Shares outstanding basis: Percentages are calculated using 32,240,043 Ordinary Shares outstanding as of October 30, 2026, as reported in the company's quarterly report for the quarter ended September 30, 2026.

Greenlight Re Repurchase Agreement Targets Tax Consequence Reduction for Shareholders

According to the filing, the new Ordinary Share Repurchase Agreement between Greenlight Capital Re, Ltd. and the Trust was entered into on October 30, 2026. The stated purpose, as described in the amended Schedule 13D, is "to reduce the likelihood of any adverse tax consequences to holders of Ordinary Shares due to the repurchase of Ordinary Shares made by the Company in the open market, through privately negotiated transactions and/or a 10b5-1 stock trading plan." The settlement date under the new agreement is March 5, 2027, with both the number of shares and the price per share to be determined pursuant to formulas set out in the agreement.

Greenlight Capital Re, Ltd. is a Cayman Islands-based reinsurance company. David Einhorn, who is identified in the filing as a Director of the issuer, serves as the sole Manager of DME 2022 Holdings, LLC and as a Special Trustee of the family trust, the beneficiaries of which the filing identifies as his children. The filing notes that the Reporting Persons disclaim beneficial ownership of the reported shares except to the extent of their respective pecuniary interests. No transactions in Ordinary Shares were effected by the Reporting Persons during the sixty-day period prior to filing, other than the October 30, 2026 sale of 120,335 shares at $15.0628 per share under the prior August 4, 2026 agreement.

The full text of the new repurchase agreement is filed as Exhibit 99.2 and was incorporated by reference from Exhibit 10.1 to the Current Report on Form 8-K filed by the company with the SEC on November 2, 2026. The filing states that the description of the agreement "is qualified in its entirety by reference to the full text of such document."

What Was Disclosed

Amendment No. 4 to Schedule 13D discloses a new share repurchase agreement between Greenlight Capital Re and the Einhorn family trust, a completed sale of 120,335 shares at $15.0628 each on October 30, 2026, and current beneficial ownership figures for all three Reporting Persons as of the filing date.