Sec Form 4 Filing - EINHORN DAVID @ Green Brick Partners, Inc. - 2021-02-08

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
EINHORN DAVID
2. Issuer Name and Ticker or Trading Symbol
Green Brick Partners, Inc. [ GRBK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
140 EAST 45TH STREET, FLOOR 24
3. Date of Earliest Transaction (MM/DD/YY)
02/08/2021
(Street)
NEW YORK, NY10017
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 8,922 D
Common Stock 02/08/2021 S( 1 ) 393,111 D $ 20.55 8,592,845 I ( 2 ) ( 3 ) ( 4 ) See Footnote ( 5 )
Common Stock 02/08/2021 S( 1 ) 239,522 D $ 20.55 5,235,633 I ( 2 ) ( 3 ) ( 4 ) See Footnote ( 6 )
Common Stock 02/08/2021 S( 1 ) 67,367 D $ 20.55 2,740,190 I ( 2 ) ( 3 ) ( 4 ) See Footnote ( 7 )
Common Stock 850,000 I ( 2 ) ( 3 ) ( 4 ) See Footnote ( 8 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
EINHORN DAVID
140 EAST 45TH STREET
FLOOR 24
NEW YORK, NY10017
X X
GREENLIGHT CAPITAL INC
140 EAST 45TH STREET
24TH FLOOR
NEW YORK, NY10017
X
DME Advisors, LP
140 EAST 45TH STREET
24TH FLOOR
NEW YORK, NY10017
X
DME Capital Management, LP
140 EAST 45TH STREET
24TH FLOOR
NEW YORK, NY10017
X
DME Advisors GP, L.L.C.
140 EAST 45TH STREET
24TH FLOOR
NEW YORK, NY10017
X
Signatures
/s/ Daniel Roitman, attorney-in-fact for David Einhorn* 02/10/2021
Signature of Reporting Person Date
/s/ Daniel Roitman, Chief Operating Officer of Greenlight Capital, Inc. 02/10/2021
Signature of Reporting Person Date
/s/ Daniel Roitman, Chief Operating Officer of DME Advisors GP, L.L.C., General Partner of DME Advisors, L.P. 02/10/2021
Signature of Reporting Person Date
/s/ Daniel Roitman, Chief Operating Officer of DME Capital Management, L.P. 02/10/2021
Signature of Reporting Person Date
/s/ Daniel Roitman, Chief Operating Officer of DME Advisors GP, L.L.C. 02/10/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )As previously disclosed, on January 25, 2021, in connection with a registered public secondary offering (the "Secondary Offering") of shares of Common Stock (the "Common Stock") of the Issuer, the Reporting Persons (as defined below) entered into an Underwriting Agreement (the "Underwriting Agreement") with Barclays Capital Inc. and Goldman Sachs & Co. LLC (the "Underwriters") and the Issuer. As also disclosed, the Reporting Persons agreed in the Underwriting Agreement to grant the Underwriters a 30-day option to purchase additional shares of Common Stock at a price of $20.55 per share. On February 8, 2021, the Underwriters notified the Reporting Persons that they were exercising their right to purchase from the Reporting Persons an aggregate of 700,000 shares of Common Stock under such option.
( 2 )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.
( 3 )The Reporting Persons control the disposition and voting of shares of Common Stock 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.
( 4 )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.
( 5 )Greenlight Inc. controls the voting and disposition of 8,592,845 shares of Common Stock held for the account of GCOP, Ltd. of which Greenlight Inc. acts as investment advisor.
( 6 )DME CM controls the voting and disposition of 5,235,633 shares of Common Stock held for the account of GCOM, of which DME CM acts as investment advisor.
( 7 )DME controls the voting and disposition of 2,740,190 shares of Common Stock held for the account of SILP, of which DME serves as investment advisor.
( 8 )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.

Remarks:
* The Power of Attorney executed by David Einhorn, authorizing the signatory to sign and file this report on David Einhorn's behalf, filed as Exhibit 99.1 to the Schedule 13D filed with the Securities and Exchange Commission on August 29, 2019 by the Reporting Persons with respect to the common units of CONSOL Coal Resources, is hereby incorporated by reference.Mr. Einhorn is a Director of the Issuer. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Persons other than Mr. Einhorn are deemed directors by deputization by virtue of their representation on the Board of Directors of the Issuer.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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