Gran Tierra (NYSE: GTE) COO adds to stake with 316-share buy
Rhea-AI Filing Summary
GRAN TIERRA ENERGY INC. (GTE) reported that Chief Operating Officer Sebastien Morin acquired 316 shares of common stock on August 17, 2026. The shares were obtained through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction exempt under Rule 16b-3(d) and Rule 16b-3(c). The reported purchase price was $9.51 per share, converted from Canadian currency, bringing Morin’s directly held position to 38,007 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 316 shares
Net Buy
1 txn
Insider
Morin Sebastien
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 316 | $9.51 | $3K |
Holdings After Transaction:
Common Stock — 38,007 shares (Direct)
Footnotes (2)
- F1. These shares were acquired on August 17, 2026 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).
- F2. Purchase price of security was transacted in Canadian currency and converted to U.S. currency.
Key Figures
Shares acquired: 316 shares
Price per share: $9.51 per share
Shares owned after transaction: 38,007 shares
+1 more
4 metrics
Shares acquired
316 shares
Common stock acquired on August 17, 2026 via Employee Stock Purchase Plan
Price per share
$9.51 per share
Reported purchase price, converted from Canadian to U.S. currency
Shares owned after transaction
38,007 shares
Directly held GTE common stock by Sebastien Morin after the acquisition
Transaction date
August 17, 2026
Date of Employee Stock Purchase Plan acquisition
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c)
3 terms
Employee Stock Purchase Plan financial
"acquired on August 17, 2026 through the Gran Tierra Inc. Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16b-3(d) regulatory
"in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Rule 16b-3(c) regulatory
"in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
FAQ
What insider transaction did GTE report for Sebastien Morin on August 17, 2026?
Sebastien Morin acquired 316 shares of GRAN TIERRA ENERGY INC. (GTE) common stock on August 17, 2026 through the company’s Employee Stock Purchase Plan, at a reported price of $9.51 per share converted from Canadian currency.
Was the August 2026 GTE insider acquisition by Sebastien Morin made under a Rule 10b5-1 plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed for this transaction. Instead, it specifies that the 316-share acquisition occurred through the Employee Stock Purchase Plan and was exempt under Rule 16b-3(d) and Rule 16b-3(c).
AI-generated analysis. How Rhea-AI works. Not financial advice.