Gran Tierra (GTE) CEO Reports 1,065-Share ESPP Purchase at $3.98
Rhea-AI Filing Summary
Gary Guidry, President and CEO and a director of Gran Tierra Energy Inc. (GTE), reported acquiring 1,065 shares of the issuer's common stock on 09/16/2025 through the company's Employee Stock Purchase Plan. The purchase was reported at a price of $3.98 (proceeds converted from Canadian dollars to U.S. dollars) and the transaction was noted as exempt under Rule 16b-3(d) and 16b-3(c). Following the transaction, Mr. Guidry beneficially owns 492,665 shares. The Form 4 was signed by an attorney-in-fact, Phillip Abraham, on 09/29/2025.
Positive
- Insider acquisition disclosed by the President and CEO, showing compliance with Section 16 reporting requirements
- Transaction qualified for Rule 16b-3(c) and 16b-3(d) exemptions, indicating it was executed through the company ESPP
Negative
- None.
Insights
TL;DR: Insider acquisition via ESPP disclosed; routine, compliant with Rule 16b-3 exemptions.
This Form 4 documents a small purchase by the company's President and CEO under the Employee Stock Purchase Plan. The filing explicitly states the transaction qualified for Rule 16b-3(c) and (d) exemptions, indicating it was a company-approved, routine employee plan transaction rather than a negotiated private purchase. The disclosure and signature by an attorney-in-fact meet Section 16 reporting requirements. The filing does not include additional context such as percentage ownership change or whether the shares were newly issued or purchased on market beyond what is stated.
TL;DR: CEO acquired 1,065 shares at CAD-converted $3.98; ownership now 492,665 shares.
The reported purchase is modest in size and occurred through the ESPP on 09/16/2025 at a reported price of $3.98 after currency conversion. The filing provides clear quantitative details: number of shares acquired and total beneficial ownership after the transaction. There is no earnings or material corporate event information in this filing. As disclosed, the transaction was processed under the stated Rule 16b-3 exemptions applicable to employee benefit plans, suggesting standard administrative handling and compliance with Section 16 reporting rules.