Gran Tierra Energy (GTE) insider funds buy 32,000 shares at $6.04
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gran Tierra Energy reported an insider Form 4 showing that private investment funds managed by LM Asset Management Inc. purchased 32,000 shares of Common Stock on June 25, 2026 in open-market transactions at a weighted average price of $6.0355 per share.
After this buy, funds managed by LM Asset Management indirectly held 4,345,200 shares of Gran Tierra Energy. Separately, Daniel Lau beneficially owned 65,550 shares directly and Christine Man beneficially owned 240,000 shares directly, with additional indirect holdings of 207,000 shares through companies they control.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 32,000 shares ($193,136)
Net Buy
4 txns
Insider
LM Asset Management Inc., Lau Daniel, Man Christine
Role
null | null | null
Bought
32,000 shs ($193K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 32,000 | $6.0355 | $193K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,345,200 shares (Indirect, See Note);
Common Stock — 240,000 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.98 to $6.05, 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. 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
Shares purchased: 32,000 shares
Weighted average purchase price: $6.0355 per share
Indirect holdings after transaction: 4,345,200 shares
+3 more
6 metrics
Shares purchased
32,000 shares
Open-market buy on June 25, 2026
Weighted average purchase price
$6.0355 per share
Common Stock, multiple trades between $5.98 and $6.05
Indirect holdings after transaction
4,345,200 shares
Private funds managed by LM Asset Management
Additional indirect company holdings
207,000 shares
Held by companies controlled by Daniel Lau and Christine Man
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
Key Terms
weighted average price, beneficially own, pecuniary interests, ten percent owner
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 to those funds."
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
"Each reporting person disclaims beneficial ownership of such securities except to the extent of their respective pecuniary interests therein."
ten percent owner financial
"is_ten_percent_owner": 1"
FAQ
What insider transaction did LM Asset Management report in Gran Tierra Energy (GTE)?
Private investment funds managed by LM Asset Management purchased 32,000 shares of Gran Tierra Energy Common Stock. The open-market buy occurred on June 25, 2026 at a weighted average price of $6.0355 per share, according to the Form 4 filing’s transaction details.
What is Daniel Lau’s reported ownership in Gran Tierra Energy (GTE)?
Daniel Lau beneficially owned 65,550 Gran Tierra Energy Common Stock shares directly as reported. He may also be deemed to beneficially own additional shares through LM Asset Management-managed funds and certain companies, but he disclaims ownership beyond his pecuniary interest in those entities.
What is Christine Man’s reported ownership in Gran Tierra Energy (GTE)?
Christine Man beneficially owned 240,000 Gran Tierra Energy Common Stock shares directly. She may also be deemed to beneficially own interests in shares held by LM Asset Management-managed funds and certain companies, while disclaiming beneficial ownership except for her proportional pecuniary interests.