Gran Tierra (GTE) Insider Purchase: 580 Shares via ESPP
Rhea-AI Filing Summary
Insider purchase reported by Gran Tierra Energy (GTE) officer. Phillip Abraham, Vice President, Legal and Business Development, acquired 580 shares of Gran Tierra Energy Inc. common stock on 09/02/2025 through the companys Employee Stock Purchase Plan. The reported purchase price was C$4.17 per share, with the filing noting the price was originally in Canadian dollars and converted to U.S. currency for the Form 4.
Following the transaction Mr. Abraham beneficially owns 34,775 shares. The filing states the purchase was exempt under Rules 16b-3(c) and 16b-3(d), and the Form 4 was signed by the reporting person on 09/02/2025.
Positive
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Negative
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Insights
TL;DR: Officer purchased 580 shares via ESPP; holding increases to 34,775 shares, a routine, small-scale insider buy.
This Form 4 documents a modest employee purchase under the companys Employee Stock Purchase Plan, exempt under Rules 16b-3(c) and 16b-3(d). The transaction size (580 shares) is small relative to typical market-capitalization insider activity and does not by itself indicate a material shift in insider exposure. The filing correctly discloses the pre- and post-transaction beneficial ownership and that the transaction price was converted from Canadian dollars.
TL;DR: Disclosure complies with Section 16 reporting: timely Form 4, signature present, and exemption under Rules 16b-3 cited.
The Form 4 includes required elements: reporter identity and role (VP, Legal and Business Development), issuer and ticker (Gran Tierra Energy Inc., GTE), transaction date, transaction code, number of shares acquired, price, and resulting beneficial ownership. Citing the employee stock purchase plan exemption aligns with standard governance practice for employee share purchases. No amendments or corrective disclosures are indicated.