Gran Tierra Energy SEC Filings

Gran Tierra Energy Inc. (GTE) – Form 4 insider transaction

On 07/01/2025, director Ronald Royal exercised 1,970 stock options at an exercise price of $3.50 per share (Code M) and immediately sold the same 1,970 common shares on the open market at an average price of $4.78 (Code D). Following the sale, the reporting person holds no common shares directly, but retains 15,648 options with a $3.50 strike price.

The size of the transaction is modest and represents a routine option exercise-and-sale for liquidity. No derivatives were newly granted or cancelled, and there is no indication of broader strategic intent. The filing does, however, register a full disposition of the shares received, which some investors may view as a slight negative sentiment signal, albeit immaterial in scale relative to GTE’s float.

Form 4 overview – Gran Tierra Energy Inc. (GTE)

Director David P. Smith reported two same-day transactions on 07/01/2025:

• Option exercise (Code M): 2,417 common shares acquired from the exercise of employee stock options at an exercise price of $3.50 per share.
• Open-market disposition (Code D): The exact same 2,417 shares were sold at $5.01 per share.

Following the transactions, Smith’s direct ownership of common stock is 0 shares, while 26,939 stock options remain outstanding.

No other equity classes or indirect holdings are disclosed. The filing does not reference a Rule 10b5-1 trading plan.

Materiality assessment: The trade involves a small number of shares relative to Gran Tierra’s total float and therefore has limited impact on overall ownership structure. Nevertheless, investors often monitor director-level share sales for potential sentiment signals.

Form 4 overview – Gran Tierra Energy Inc. (GTE)

Director David P. Smith reported two same-day transactions on 07/01/2025:

• Option exercise (Code M): 2,417 common shares acquired from the exercise of employee stock options at an exercise price of $3.50 per share.
• Open-market disposition (Code D): The exact same 2,417 shares were sold at $5.01 per share.

Following the transactions, Smith’s direct ownership of common stock is 0 shares, while 26,939 stock options remain outstanding.

No other equity classes or indirect holdings are disclosed. The filing does not reference a Rule 10b5-1 trading plan.

Materiality assessment: The trade involves a small number of shares relative to Gran Tierra’s total float and therefore has limited impact on overall ownership structure. Nevertheless, investors often monitor director-level share sales for potential sentiment signals.

Gran Tierra Energy Inc. (GTE) – Insider Form 4 filing dated 07/03/2025

Director Peter James Dey reported a same-day option exercise and share disposition on 07/01/2025:

• Exercise: 1,970 stock options at an exercise price of $3.50 per share.
• Sale: Immediate sale of the identical 1,970 common shares at $4.99 per share.
• Approximate gross proceeds: $9,830; cost basis $6,895; implied spread ≈ $2,935.
• Post-transaction holdings: 0 direct common shares; 16,554 remaining options.

The filing indicates Mr. Dey no longer holds any direct equity in GTE after the transaction, although he retains unexercised options. The size of the trade—1,970 shares—is modest and unlikely to be material to the company’s capitalization but may be noted by investors monitoring insider ownership trends.

Sempra (SRE) – Form 4 insider filing: Director Jack T. Taylor reported acquiring 164.09 phantom shares of Sempra common stock on 01 July 2025 as part of routine board compensation. Each phantom share converts 1-for-1 into common stock upon distribution. Following the grant, Taylor now holds 40,321.76 phantom shares, of which 1,863.44 are unvested and subject to forfeiture if service ends under certain conditions. No open-market purchases or sales of Sempra common shares were disclosed, and there were no changes to direct share ownership.

Because the transaction is compensation-related and involves a relatively small number of derivative units compared with Taylor’s existing position, the filing is considered routine and does not materially alter the company’s ownership structure.

On 06/30/2025, Director Michael D. Eisner filed a Form 4 indicating the acquisition of 343 IAC Inc. (ticker: IAC) common share units at $37.34 per share under the company’s Non-Employee Director Deferred Compensation Plan. After the transaction, Eisner’s aggregate beneficial ownership totals 170,711 shares, consisting of 167,349 shares held directly (including those in a grantor trust) and 3,362 share units accrued in the deferred plan. No sales or derivative security transactions were reported, and ownership remains classified as direct. This filing reflects a routine compensation-related share accrual rather than an open-market purchase or a material change in insider positioning.

Gran Tierra Energy Inc. (GTE) filed a Form 4 disclosing that Jim Evans, the company’s Vice President, Corporate Services, purchased 286 shares of common stock on 07/02/2025 through the company’s Employee Stock Purchase Plan (ESPP). The transaction is coded “A” and is exempt under Rules 16b-3(c) and 16b-3(d). The shares were acquired at an effective price of $4.82 per share (Canadian dollars converted to U.S. dollars). Following this purchase, Evans directly owns 46,602 shares and indirectly owns 6,100 shares through his spouse. No derivative securities were reported, and there were no sales. Although the addition represents a modest increase relative to his existing position, insider buying—particularly by an executive officer—can signal personal confidence in the issuer’s prospects. However, given the small size of the transaction, the immediate financial impact on overall share supply and valuation is expected to be negligible.

MongoDB, Inc. (MDB) – Form 4 insider filing dated 07/02/2025

Board director Roelof Botha reported the receipt of additional Class A common shares on 06/30/2025 under the company’s non-employee director compensation program.

• Restricted Stock Units (RSUs): 1,130 units granted at $0 cost. The award vests in full on the earlier of (i) 06/30/2026 or (ii) the 2026 annual meeting, conditional on continued service.
• Stock-in-Lieu of Cash Fees: 246 fully-vested shares issued at $0 cost, calculated using the 30-day VWAP preceding the grant date.

Post-transaction ownership

• Direct holdings: 3,067 Class A shares (previously 1,691).
• Indirect holdings: 217,513 Class A shares held via estate-planning vehicles.

No shares were sold or disposed of, indicating a net increase of 1,376 shares. Because the grants are part of routine board compensation and represent a small fraction of Botha’s existing indirect holdings and MDB’s ~70 million share float, the market impact is expected to be limited. Nevertheless, continued share accumulation by a long-serving director may be viewed as a sign of alignment with shareholder interests.

Gran Tierra Energy Inc. (NYSE American/TSX/LSE: GTE) has disclosed, via Form 8-K, the imminent resignation of long-standing director Peter Dey. Mr. Dey notified the Board on June 18, 2025 that he will step down for personal reasons, effective June 30, 2025. The filing states explicitly that his departure is unrelated to any disagreement with management or the Company’s operations, policies, or practices. The Board has begun a search process to identify a new independent director.

The 8-K contains no financial data, earnings figures, or strategic transaction details; therefore, the disclosure is limited to a single governance matter. From an investor standpoint, the key takeaway is that the transition appears orderly and voluntary, minimizing concerns about internal conflict or immediate strategic shifts. Nonetheless, investors may wish to monitor how promptly a qualified replacement is appointed and whether the Board’s overall mix of skills and independence is affected in the interim.