Gran Tierra (NYSE: GTE) sees 80,000-share purchase by LM-managed funds
Rhea-AI Filing Summary
Gran Tierra Energy Inc. (GTE) reported an insider-related share purchase. On January 7, 2026, private investment funds managed by LM Asset Management Inc. purchased 80,000 shares of Gran Tierra common stock at a weighted average price of $3.8714 per share. Following this transaction, those funds indirectly held 3,931,200 shares of Gran Tierra common stock.
The Form 4 shows additional holdings linked to the reporting persons. Daniel Lau beneficially owns 240,000 shares directly, while Christine Man beneficially owns 65,550 shares directly. A further 145,000 shares are held by companies where Lau and Man are directors and controlling shareholders. The reporting persons state they may be deemed to beneficially own certain indirect positions but disclaim beneficial ownership except to the extent of their respective pecuniary interests.
Positive
- None.
Negative
- None.
Insights
Funds managed by LM Asset Management increased an indirect stake in Gran Tierra through an 80,000‑share purchase, with detailed attribution among related parties.
The disclosure centers on private investment funds managed by LM Asset Management Inc., which purchased 80,000 Gran Tierra common shares on January 7, 2026 at a weighted average price of $3.8714. After this trade, those funds are shown as indirectly holding 3,931,200 shares. The price range for the trade, from $3.84 to $3.91, is provided via a weighted‑average footnote, a common structure for institutional block activity.
Attribution among related parties is important here. The filing explains that the indirect holdings are in funds managed by LM Asset Management Inc., and that Daniel Lau and Christine Man are control persons of that adviser. It separately identifies direct beneficial ownership of 240,000 shares by Lau and 65,550 shares by Man, plus 145,000 shares held by companies they control. Each reporting person disclaims beneficial ownership of the indirect positions beyond their pecuniary interests, which is typical language for investment managers and control persons.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 80,000 | $3.8714 | $310K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.84 to $3.91, 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 respect pecuniary interest therein. 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.
