Grey Rock Funds Amend 13D, Own 10% of Granite Ridge

TL;DR

Grey Rock funds now own 10% of GRNT, filing an amended 13D on 4/11/24.

AI Summary

On April 11, 2024, GREP GP III, LLC, along with several affiliated entities, filed an amendment to their Schedule 13D concerning Granite Ridge Resources, Inc. (GRNT). The filing indicates a change in beneficial ownership, with the group now holding 10.0% of the outstanding shares, amounting to 34,500,000 shares. This filing is an amendment to a previous filing dated March 28, 2024.

Why It Matters

This amendment signals a significant stake by Grey Rock Energy Funds in Granite Ridge Resources, potentially influencing future corporate actions or strategic decisions.

Risk Assessment

Risk Level: medium — Significant ownership changes by investment groups can indicate potential activism or strategic shifts, warranting close monitoring.

Key Numbers

• 10.0% — Ownership Stake (Represents the beneficial ownership of Granite Ridge Resources, Inc. by the filing group.)
• 34,500,000 — Shares Owned (The total number of shares of Granite Ridge Resources, Inc. beneficially owned by the filing group.)

Key Players & Entities

• GREP GP III, LLC (company) — Filing entity
• Granite Ridge Resources, Inc. (company) — Subject company
• 34,500,000 shares (dollar_amount) — Shares owned
• 10.0% (dollar_amount) — Percentage of ownership
• April 11, 2024 (date) — Filing date
• March 28, 2024 (date) — Previous filing date
• GREY ROCK ENERGY FUND II, L.P. (company) — Affiliated entity
• GREY ROCK ENERGY FUND III-A, L.P. (company) — Affiliated entity
• GRIFFIN PERRY (person) — Group member
• KIRK LAZARINE (person) — Group member

FAQ

Key Financial Figures

• $0.0001 — ame of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• tm2411488d1_sc13da.htm (SC 13D/A) — 430KB
• 0001104659-24-046157.txt ( ) — 433KB

From the Filing

SC 13D/A 1 tm2411488d1_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)* Granite Ridge Resources, Inc. (Name of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securities) 387432107 (CUSIP Number) Emily Fuquay 5217 McKinney Ave., Suite 400 Dallas, Texas 75205 (214) 396-2850 ( Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 9, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box . Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. ____________________________________________ *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“ Act ”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on following pages) CUSIP No. 387432107 13D Page 2 of 37 Pages 1 Names of Reporting Persons GREP GP III, LLC 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3 SEC Use Only 4 Source of Funds (See Instructions) OO (See Item 3) 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): 6 Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 7 Sole Voting Power 0 + 8 Shared Voting Power 67,857,678 + 9 Sole Dispositive Power 0 + 10 Shared Dispositive Power 67,857,678 + 11 Aggregate Amount Beneficially Owned by Each Reporting Person 67,857,678+ 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13 Percent of Class Represented By Amount In Row (11) 52.0%* 14 Type of Reporting Person (See Instructions) OO + Reflects *Based on 130,449,075 shares of common stock, $0.0001 par value per share, of Granite Ridge Resources, Inc. outstanding as of March 5, 2024, as reported on the Issuer’s Form 10-K filed with the Securities and Exchange Commission on March 8, 2024. CUSIP No. 387432107 13D Page 3 of 37 Pages 1 Names of Reporting Persons Grey Rock Energy Partners GP III, L.P. 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3 SEC Use Only 4 Source of Funds (See Instructions) OO (See Item 3) 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 7 Sole Voting Power 0 + 8 Shared Voting Power 67,857,678 + 9 Sole Dispositive Power 0 + 10 Shared Dispositive Power 67,857,678 + 11 Aggregate Amount Beneficially Owned by Each Reporting Person 67,857,678 + 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13 Percent of Class Represented by Amount in Row (11) 52.0 %* 14 Type of Reporting Person (See Instructions) PN + Reflects ownership as of the date this filing was filed with the Securities and Exchange Commission. *Based on 130,449,075 shares of common stock, $0.0001 par value per share, of Granite Ridge Resources, Inc. outstanding as of March 5, 2024, as reported on the Issuer’s Form 10-K filed with the Securities and Exchange Commission on March 8, 2024. CUSIP No. 387432107 13D Page 4 of 37 Pages 1 Names of Reporting Persons GREP GP III Holdings, LLC 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3 SEC Use Only 4 Source of Funds (See Instructions) OO (See Item 3) 5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 7 Sole Voting Power 0 + 8 Shared Voting Power 55,265,968 + 9 Sole Dispositive Power 0 + 10 Shared Dispositive Power 55,265,968 + 11 Aggregate Amount Beneficially Owned by Each Reporting Person 55,265,968 + 12 Check Box if the Aggre

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