Green Brick Partners, Inc. — Director's Dealing 2021

Jan 27, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Green Brick Partners, Inc. (GRBK)
CIK: 0001373670
Period of Report: 2021-01-25

Reporting Person: EINHORN DAVID (Director, 10% Owner)
Reporting Person: GREENLIGHT CAPITAL INC (10% Owner)
Reporting Person: DME Advisors, LP (10% Owner)
Reporting Person: DME Capital Management, LP (10% Owner)
Reporting Person: DME Advisors GP, L.L.C. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-25	Common Stock	S	3318684	$20.55	Disposed	9514137	Indirect
2021-01-25	Common Stock	S	528181	$20.55	Disposed	8985956	Indirect
2021-01-25	Common Stock	S	2022080	$20.55	Disposed	5796974	Indirect
2021-01-25	Common Stock	S	321819	$20.55	Disposed	5475155	Indirect
2021-01-25	Common Stock	S	659236	$20.55	Disposed	2807557	Indirect
2021-01-25	Common Stock	P	850000	$20.55	Acquired	850000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8922	Direct

Footnotes

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: The Reporting Persons control the disposition and voting of shares of Common Stock (the "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. Holdings reported herein reflect a prior reallocation of shares of Common Stock in connection with an internal reorganization that was exempt from reporting under Rule 16a-13, in which there was no change in any Reporting Person's pecuniary interest in the Common Stock.

F3: 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.

F4: Greenlight Inc. controls the voting and disposition of 8,985,956 shares of Common Stock held for the account of GCOP, Ltd. of which Greenlight Inc. acts as investment advisor.

F5: DME CM controls the voting and disposition of 5,475,155 shares of Common Stock held for the account of GCOM, of which DME CM acts as investment advisor.

F6: DME controls the voting and disposition of 2,807,557 shares of Common Stock held for the account of SILP, of which DME serves as investment advisor.

F7: 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.