Green Brick Partners, Inc.

1. Represents (i) an annual award of shares of restricted common stock issued to non-employee directors pursuant to the Issuer's 2024 Omnibus Equity Incentive Plan, and (ii) shares received pursuant to the reporting person's election to receive shares of restricted stock in lieu of the cash compensation payable to non-employee directors. The shares of restricted common stock vest in full on the first anniversary of the date of grant of the shares of restricted common stock.

2. These securities of the Issuer are held directly by Brandler LLC. As a Manager of Brandler LLC, Harry Brandler may be deemed to exercise voting and investment power over the shares held directly by Brandler LLC. In addition, Mr. Brandler may be deemed to have a pecuniary interest in the securities of the Issuer held directly by Brandler LLC due to Mr. Brandler's membership interests in Brandler LLC. Mr. Brandler disclaims beneficial ownership of the securities directly held by Brandler LLC except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that Mr. Brandler is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.