The Company’s RSAs have the right to receive forfeitable dividends on an equal basis with common stock, however, its PRSUs do not participate in dividends with common stock. As such, PRSUs are not considered participating securities and are excluded from the calculation of net income per share using the two-class method.

Basic earnings per common share is computed by dividing net income allocated to common stockholders by the weighted average number of common shares outstanding during each period, adjusted for non-vested shares of RSAs and PRSUs during each period. Net income applicable to common stockholders is net income adjusted for preferred stock dividends including dividends declared and cumulative dividends related to the current dividend period that have not been declared as of period end. Diluted earnings per share is calculated using the treasury stock method and includes the effect of all dilutive securities, including stock options, RSAs, RSUs and PRSUs.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Net income attributable to Green Brick Partners, Inc.	$	59,160	$	77,853	$	194,275	$	234,860
Preferred dividends	(719)		(719)		(2,157)		(2,156)
Net income applicable to common stockholders	58,441		77,134		192,118		232,704

Weighted-average number of common shares outstanding - basic	42,958		43,541		43,059		43,914
Basic net income attributable to Green Brick Partners, Inc. per common share	$	1.36	$	1.77	$	4.46	$	5.30

Weighted-average number of common shares outstanding - basic	42,958		43,541		43,059		43,914
Dilutive effect of stock options and restricted stock awards	246		91		224		117
Weighted-average number of common shares outstanding - diluted	43,204		43,632		43,283		44,031
Diluted net income attributable to Green Brick Partners, Inc. per common share	$	1.35	$	1.77	$	4.44	$	5.29