LM Asset Management (NYSE: GTE) funds buy 97K Gran Tierra shares
Rhea-AI Filing Summary
LM Asset Management Inc., on behalf of private investment funds it manages, reported open-market purchases of Gran Tierra Energy common stock. The funds bought 52,000 shares on May 1 at a weighted average price of $9.0952 per share, in trades ranging from $9.07 to $9.25. They then bought 45,000 shares on May 5 at a weighted average price of $9.2986, with individual trades between $9.28 and $9.33. After these transactions, the LMAM-managed funds held 4,122,200 shares indirectly. The filing also shows Daniel Lau directly beneficially owning 65,550 shares and Christine Man directly beneficially owning 240,000 shares, plus 207,000 shares held by companies they control, all subject to pecuniary-interest-based beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 97,000 shares ($891,387)
Net Buy
5 txns
Insider
LM Asset Management Inc., Lau Daniel, Man Christine
Role
10% Owner | 10% Owner | 10% Owner
Bought
97,000 shs ($891K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 45,000 | $9.2986 | $418K |
| Purchase | Common Stock | 52,000 | $9.0952 | $473K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,122,200 shares (Indirect, See Note);
Common Stock — 240,000 shares (Direct)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.07 to $9.25, 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 $9.28 to $9.33, 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 May 1: 52,000 shares at $9.0952/share
Open-market purchase May 5: 45,000 shares at $9.2986/share
Total shares purchased: 97,000 shares
+4 more
7 metrics
Open-market purchase May 1
52,000 shares at $9.0952/share
Weighted average price; trades from $9.07 to $9.25
Open-market purchase May 5
45,000 shares at $9.2986/share
Weighted average price; trades from $9.28 to $9.33
Total shares purchased
97,000 shares
Net open-market buys reported in this Form 4
Indirect fund holdings after trades
4,122,200 shares
Shares held by LM Asset Management-managed funds after May 5
Daniel Lau direct holdings
65,550 shares
Beneficially owned solely by Daniel Lau
Christine Man direct holdings
240,000 shares
Beneficially owned solely by Christine Man
Holdings via controlled companies
207,000 shares
Shares held by companies controlled by Lau and Man
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"
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"
pecuniary interests financial
"disclaims beneficial ownership of such securities except to the extent of their respective pecuniary interests"
indirect financial
"ownership_type":"indirect","ownership_code":"I""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions were reported for GTE on this Form 4?
The Form 4 reports open-market purchases totaling 97,000 shares of Gran Tierra Energy common stock by funds managed by LM Asset Management. These include 52,000 shares bought on May 1 and 45,000 shares bought on May 5 at weighted average prices around $9.10–$9.30.