Granite Ridge Resources, Inc.

Employment Agreement Amendments

Amendment No. 1 to Farquharson Employment Agreement

On March 4, 2026, the Company entered into Amendment No. 1 to the Employment Agreement, dated as of October 24, 2022, with Tyler S. Farquharson, the Company’s President and Chief Executive Officer (the “Farquharson Amendment”). The Farquharson Amendment modifies the separation benefits and change-in-control benefits provisions of Mr. Farquharson’s employment agreement as follows:

•Separation benefits. The Farquharson Amendment provides that, if Mr. Farquharson’s employment is terminated by the Company without Cause, by Mr. Farquharson for Good Reason, or due to non-renewal by the Company, Mr. Farquharson will be entitled to receive, in addition to any earned but unpaid salary or vacation time, approved but unreimbursed business expenses, and any benefits to which Mr. Farquharson has a vested entitlement, (i) an amount equal to two (2) times the sum of (a) his base salary in effect immediately before the termination date plus (b) his annual bonus received for the fiscal year preceding the termination date, payable in lump sum within sixty days of his termination date, and (ii) during the 18-month period following the termination date, monthly reimbursements for COBRA continuation coverage. In addition, in the event of termination due to death or disability, Mr. Farquharson will be entitled to a prorated annual bonus for the year in which termination occurs. All separation payments, with the exception of any COBRA reimbursements, are subject to Mr. Farquharson’s execution and delivery of a release of claims.

•Change-in-control benefits. The Farquharson Amendment extends the change-in-control protection period from six (6) months to twelve (12) months following a change-in-control effective date. If Mr. Farquharson is employed by the Company on the change-in-control effective date and his employment is terminated by the Company without Cause or by Mr. Farquharson for Good Reason within twelve (12) months following such date, he will be entitled to receive, in lieu of the separation benefits described above: (i) an amount equal to three (3) times the sum of (a) his base salary in effect immediately before the termination date plus (b) his annual bonus received for the fiscal year preceding the termination date, (ii) accelerated vesting of all outstanding awards issued under the LTIP, and (iii) monthly reimbursement for COBRA continuation coverage for 18 months following the termination date. All change-in-control payments, with the exception of any COBRA reimbursements, are subject to Mr. Farquharson’s execution and delivery of a release of claims.

All other material terms of Mr. Farquharson’s employment agreement remain unchanged.

The foregoing description of the Farquharson Amendment does not purport to be complete and is qualified in its entirety by the full text of the Farquharson Amendment, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending March 31, 2026.

Amendment No. 1 to Weimer Change of Control Termination Agreement

On March 4, 2026, the Company entered into Amendment No. 1 to the Change of Control Termination Agreement, dated as of March 6, 2024, with Kimberly A. Weimer, the Company’s Chief Accounting Officer (the “Weimer Amendment”). The Weimer Amendment modifies the change-in-control benefits provisions as follows:

•Change-in-control benefits. The Weimer Amendment extends the change-in-control protection period from six (6) months to twelve (12) months following a change-in-control effective date. Under the amended agreement, if Ms. Weimer is employed by the Company on the change-in-control effective date and her employment is terminated by the Company without Cause or by Ms. Weimer for Good Reason within twelve (12) months following such date, she will be entitled to receive the change-in-control benefits provided under the agreement.

All other material terms of Ms. Weimer’s Change of Control Termination Agreement remain unchanged.

The foregoing description of the Weimer Amendment does not purport to be complete and is qualified in its entirety by the full text of the Weimer Amendment, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending March 31, 2026.

Trading Plans

None of our directors or "officers," as defined in Rule 16a-1(f) under the Exchange Act, adopted orterminated a Rule 10b5-1 trading plan or arrangement or a non-Rule 10b5-1 trading plan or arrangement, as defined in Item 408(c) of Regulation S-K, during the fourth fiscal quarter covered by this Annual Report.