Gran Tierra Energy (NYSE: GTE) major holder adds 30,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gran Tierra Energy Inc. reported open-market purchases of its common stock by private investment funds managed by LM Asset Management Inc. The funds bought 18,000 shares at a weighted average price of $8.3005 per share and 12,000 shares at a weighted average price of $8.876 per share, totaling 30,000 shares. Following these transactions, entities managed by LM Asset Management indirectly held 4,152,200 shares. Separate holding entries show 65,550 shares beneficially owned solely by Daniel Lau and 240,000 shares beneficially owned solely by Christine Man. The reporting persons disclaim beneficial ownership of fund and corporate holdings except to the extent of their pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 30,000 shares ($255,921)
Net Buy
5 txns
Insider
LM Asset Management Inc., Lau Daniel, Man Christine
Role
null | null | null
Bought
30,000 shs ($256K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 12,000 | $8.876 | $107K |
| Purchase | Common Stock | 18,000 | $8.3005 | $149K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,152,200 shares (Indirect, See Note);
Common Stock — 240,000 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.28 to $8.66, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote. These securities are held by private investment funds managed by LM Asset Management Inc. ("LMAM"). LMAM may be deemed to beneficially own these securities as the investment adviser to those funds. Daniel Lau and Christine Man are control persons of LMAM and may be deemed to beneficially own these securities as control persons of LMAM. Each reporting person disclaims beneficial ownership of such securities except to the extent of their respective pecuniary interests therein. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.87 to $8.89, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote. These securities are beneficially owned solely by Daniel Lau. These securities are beneficially owned solely by Christine Man. These securities are held by companies of which Daniel Lau and Christine Man are directors and controlling shareholders. They may be deemed to beneficially own these shares because they are control persons of those companies. They disclaim beneficial ownership of such securities except to the extent of their respective pecuniary interests therein.
Key Figures
Open-market purchase 1: 18,000 shares at $8.3005
Open-market purchase 2: 12,000 shares at $8.876
Total shares bought: 30,000 shares
+4 more
7 metrics
Open-market purchase 1
18,000 shares at $8.3005
Common Stock, transaction dated May 7, 2026
Open-market purchase 2
12,000 shares at $8.876
Common Stock, transaction dated May 11, 2026
Total shares bought
30,000 shares
Net open-market purchases reported in this Form 4
Indirect holdings after trade
4,152,200 shares
Total common shares indirectly held after May 11, 2026 trade
Daniel Lau direct holdings
65,550 shares
Common shares beneficially owned solely by Daniel Lau
Christine Man direct holdings
240,000 shares
Common shares beneficially owned solely by Christine Man
Additional indirect holding entry
207,000 shares
Common shares reported as indirect holdings as of May 7, 2026
Key Terms
weighted average price, beneficially own, control persons, pecuniary interests, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficially own financial
"LMAM may be deemed to beneficially own these securities as the investment adviser to those funds."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
control persons financial
"Daniel Lau and Christine Man are control persons of LMAM and may be deemed to beneficially own these securities."
pecuniary interests financial
"They disclaim beneficial ownership of such securities except to the extent of their respective pecuniary interests therein."
ten percent owner financial
"Reporting persons are indicated as ten percent owners in the Form 4 metadata."
FAQ
What insider activity did Gran Tierra Energy (GTE) report in this Form 4?
Gran Tierra Energy reported that funds managed by LM Asset Management Inc. bought 30,000 common shares in open-market transactions. These purchases occurred at weighted average prices around $8.30 and $8.88 per share, increasing the funds’ indirect holdings in the company.
What are Daniel Lau’s and Christine Man’s direct Gran Tierra (GTE) holdings?
The Form 4 notes that 65,550 Gran Tierra shares are beneficially owned solely by Daniel Lau, and 240,000 shares are beneficially owned solely by Christine Man. These figures are separate from the larger indirect positions held through funds and companies associated with LM Asset Management.