Grey Rock Ends Voting Pact, Hands Out 14M Shares
GRNT sits 24% above its 52-week low of $4.18.
Summary
Grey Rock handed out 14 million shares to its limited partners and ended the Voting Agreement, cutting its stake to 39.2% and lifting transfer restrictions.
Key Events · Ownership and Investor Activity · GRNT
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Voting Agreement Terminated
Effective August 19, 2026, the Voting Agreement dated August 25, 2023 was terminated, removing the irrevocable proxy in favor of GREP GP III and all transfer restrictions.
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14M Share Distribution Completed
Holdco III-A distributed 4,247,600 shares and Holdco III-B distributed 9,752,400 shares pro rata to their members, totaling 14,000,000 shares.
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Stake Reduced to 39.2%
The Filing Parties now hold 51,648,048 shares, representing 39.2% of the 131,900,242 shares outstanding as of August 3, 2026.
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Two Reporting Persons Exit
Griffin Perry and Kirk Lazarine ceased to be members of the group and reporting persons under this Schedule 13D upon termination of the Voting Agreement.
Analysis · GRNT · Energy & Transportation
A material governance shift is underway at Granite Ridge as the controlling shareholder group loosens its grip. Grey Rock distributed 14 million shares to its limited partners and terminated the Voting Agreement that had granted GREP GP III an irrevocable proxy over 75.9 million shares. The termination removes transfer restrictions and consolidates voting power, while the distribution reduces the group's stake from 49.9% to 39.2%. Two individuals, Griffin Perry and Kirk Lazarine, exited the reporting group entirely, further broadening the shareholder base.
At the time of this filing, GRNT was trading at $5.20 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $674M. The 52-week trading range was $4.18 to $6.15. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.