Granite Ridge Resources, Inc. Announces Grey Rock Distribution and Appointment of Two Independent Directors
DALLAS, August 19, 2026--Granite Ridge Resources, Inc. ("Granite Ridge" or the "Company") (NYSE: GRNT) today announced that affiliates of Grey Rock Investment Partners ("Grey Rock") have distributed 14,000,000 shares of Granite Ridge common stock to the limited partners of Grey Rock Energy Fund III-A, LP, Grey Rock Energy Fund III-B, LP, and Grey Rock Energy Fund III-B Holdings, LP.
Following the distribution, Grey Rock and its affiliates beneficially own approximately 39% of Granite Ridge's outstanding common stock. As a result, Granite Ridge is no longer a "controlled company" under New York Stock Exchange listing standards. The Company has begun transitioning to a non-controlled governance structure and expects to complete that transition within the phase-in periods provided by those standards.
The shares were distributed in kind under Granite Ridge's effective resale registration statement. The distribution was not an underwritten offering. Granite Ridge did not issue any shares, the number of shares outstanding was unchanged, and the Company received no proceeds.
Board of Directors
The Granite Ridge Board of Directors has expanded from seven to nine members and appointed Jonathan Adams and John Cocke, effective August 19, 2026. The Board has determined that each is independent, and that a majority of the Board is now independent.
Mr. Adams is Chief Investment Officer of Mt. Vernon Investments, LP, a Dallas-based family office, where he has spent nearly two decades building his investment career. Since becoming Chief Investment Officer in 2025, Mr. Adams has led the firm's investment platform, overseeing investment decisions, asset allocation, risk management and portfolio construction across public and private equity, venture capital, real estate and commodities. Prior to becoming Chief Investment Officer, Mr. Adams served as Investment Director, where he was responsible for deal sourcing and execution primarily within private equity, venture capital and commodities. Mr. Adams holds an MPA and BBA in Accounting from the University of Texas at Austin McCombs School of Business, is a Chartered Financial Analyst charterholder and is a licensed Certified Public Accountant in the State of Texas. Mr. Adams serves on several boards, including TTI Acquisition, LLC and Vitasora Health Ltd.
Mr. Cocke is a Partner at Corbin Capital Partners and serves as Deputy Chief Investment Officer, Credit and Portfolio Manager of Corbin's Credit Strategies. Mr. Cocke has served as Portfolio Manager for Corbin's Credit Strategies and has helped develop Corbin's credit platform, including opportunistic credit and private credit funds, and has invested across traded corporate, event-driven, structured credit, asset-backed and private credit strategies. Mr. Cocke is a member of Corbin's Multi-Strategy Investment Committee, Credit Investment Committee and Valuation Committee. Prior to joining Corbin in 2006, Mr. Cocke was an analyst in the Global Telecommunications Group at UBS Investment Bank and previously served as an Investment Analyst at Bluestem Asset Management LLC. Mr. Cocke earned his M.S. in Accounting and B.S. in Commerce from the McIntire School of Commerce at the University of Virginia and is a Chartered Financial Analyst charterholder.