Gran Tierra Energy (GTE) major holder LM Asset Management adds 58,000 shares
Rhea-AI Filing Summary
Gran Tierra Energy Inc. received a Form 4 from LM Asset Management Inc., Daniel Lau and Christine Man reporting open-market purchases of a total of 58,000 shares of Common Stock on August 3–4, 2026. The purchases were at weighted average prices of $6.8945 and $6.8841 per share within disclosed ranges.
The shares were acquired indirectly through private investment funds managed by LM Asset Management and related companies. Lau and Man are control persons of these entities and may be deemed to beneficially own the securities but each disclaims beneficial ownership beyond their pecuniary interests. They file jointly but disclaim group status, and the Rule 10b5-1 plan checkbox was not marked.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 58,000 shares
Net Buy
5 txns
Insider
LM Asset Management Inc., Lau Daniel, Man Christine
Role
10% Owner | 10% Owner | 10% Owner
Bought
58,000 shs ($400K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F3, F2 | 34,000 | $6.8841 | $234K |
| Purchase | Common Stock F1, F2 | 24,000 | $6.8945 | $165K |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,610,200 shares (Indirect, See Note);
Common Stock — 305,550 shares (Direct)
Footnotes (6)
- F1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.84 to $7.00 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.
- F2. 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.
- F3. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.85 to $6.90, 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.
- F4. These securities are beneficially owned solely by Daniel Lau.
- F5. These securities are beneficially owned solely by Christine Man.
- F6. 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
Shares purchased Aug. 3, 2026: 24,000 shares
Shares purchased Aug. 4, 2026: 34,000 shares
Total shares purchased: 58,000 shares
+2 more
5 metrics
Shares purchased Aug. 3, 2026
24,000 shares
Common Stock acquired indirectly at weighted average price $6.8945 per share
Shares purchased Aug. 4, 2026
34,000 shares
Common Stock acquired indirectly at weighted average price $6.8841 per share
Total shares purchased
58,000 shares
Net open-market purchases reported across both days
Price range Aug. 3 purchases
$6.84–$7.00 per share
Multiple transactions aggregated into weighted average price per footnote F1
Price range Aug. 4 purchases
$6.85–$6.90 per share
Multiple transactions aggregated into weighted average price per footnote F3
Key Terms
weighted average price, beneficially own, pecuniary interests, Rule 13d-5(b)
4 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"
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.
pecuniary interests financial
"disclaims beneficial ownership of such securities except to the extent of their respective pecuniary interests"
Rule 13d-5(b) regulatory
"disclaims membership in a group within the meaning of Rule 13d-5(b)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Who are the reporting persons in the Gran Tierra Energy (GTE) Form 4?
The Form 4 lists LM Asset Management Inc., Daniel Lau and Christine Man as ten percent owners of GTE. LM Asset Management advises the private funds holding the shares, while Lau and Man are control persons who may be deemed beneficial owners subject to pecuniary interest limits.
Were the GTE insider transactions made under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox in the Gran Tierra Energy (GTE) Form 4 is not marked, indicating the reported transactions were not designated as being made under a Rule 10b5-1 trading plan. No footnote describes them as pre-arranged plan trades.
Do the Gran Tierra Energy (GTE) reporting persons claim to act as a group?
The reporting persons explicitly state they are filing the GTE Form 4 jointly but not as a group. They also expressly disclaim membership in a group within the meaning of Rule 13d-5(b) and disclaim beneficial ownership beyond their respective pecuniary interests.