# GREENLIGHT CAPITAL RE, LTD. (GLRE) — capital_return/buyback_authorization [announced]
Source: SEC API (secapi.ai) · situation sit_510fb9859de90ac6507d · retrieved 2026-08-12T07:01:01.227Z

## Overview
Greenlight Capital Re, Ltd. is a fire, marine and casualty insurance company.

On August 4, 2026, Greenlight Capital Re, Ltd. and The David M. Einhorn 2021-07 Family Trust entered into an Ordinary Share Repurchase Agreement under which the Company agreed to repurchase Ordinary Shares from the Trust on October 30, 2026, at a weighted average price per share to be determined pursuant to the Agreement. The Trust had previously sold 106,060 Ordinary Shares to the Company on August 3, 2026, at a price of $16.1435 per share pursuant to a prior repurchase agreement dated June 1, 2026. The repurchase is intended to reduce adverse tax consequences to shareholders from the Company's open-market and privately negotiated share repurchases.

## Terms
- Counterparty: The David M. Einhorn 2021-07 Family Trust · Consideration: cash · Price/share: $16.1435

## Key dates
- Announced 2026-08-04 · Expected close 2026-10-30

## Timeline
- 2026-08-04 · 8-K (0001385613-26-000097): 8-K - GREENLIGHT CAPITAL RE, LTD. — *Greenlight Capital Re, Ltd. is a Cayman Islands-based multiline property and casualty reinsurance company that provides reinsurance globally on proportional and non-proportional bases, complemented by a non-traditional long/short investment strategy managed through Solasglas Investments, LP.* On August 4, 2026, Greenlight Capital Re, Ltd. entered into an Ordinary Share Repurchase Agreement with the David M. Einhorn 2021-07 Family Trust to repurchase a number of ordinary shares equal to 33% of the aggregate shares the Company repurchases in the open market during the period August 7–October 26, 2026, pursuant to its board-approved share repurchase plan. The purchase price per share will equal the weighted average price (excluding commissions) paid by the Company for all repurchases during that period. The transaction is expected to close on or about October 30, 2026. The agreement may be terminated by written agreement of all parties, by either party if closing has not occurred by October 30, 2026 (provided the terminating party is not in breach), or by either party if the Company has not repurchased any shares by October 26, 2026.
  https://www.sec.gov/Archives/edgar/data/1385613/0001385613-26-000097.txt
- 2026-08-05 · SCHEDULE 13D/A (0000929638-26-002882): SCHEDULE 13D/A - GREENLIGHT CAPITAL RE, LTD. — *Greenlight Capital Re, Ltd. is a fire, marine and casualty insurance company.* On August 4, 2026, Greenlight Capital Re, Ltd. and The David M. Einhorn 2021-07 Family Trust entered into an Ordinary Share Repurchase Agreement under which the Company agreed to repurchase Ordinary Shares from the Trust on October 30, 2026, at a weighted average price per share to be determined pursuant to the Agreement. The Trust had previously sold 106,060 Ordinary Shares to the Company on August 3, 2026, at a price of $16.1435 per share pursuant to a prior repurchase agreement dated June 1, 2026. The repurchase is intended to reduce adverse tax consequences to shareholders from the Company's open-market and privately negotiated share repurchases.
  https://www.sec.gov/Archives/edgar/data/1385613/0000929638-26-002882.txt

## Citations
- 0001385613-26-000097 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000138561326000097
- 0000929638-26-002882 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000092963826002882