LM Asset Management buys Gran Tierra shares

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.

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.

Insider Trade Summary

Net Buyer: 32,000 shares

Net Buy 4 txns

Insider LM Asset Management Inc., Lau Daniel, Man Christine

Role 10% Owner | 10% Owner | 10% Owner

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 — 4,552,200 shares (Indirect, See Note); Common Stock — 305,550 shares (Direct)

Footnotes (5)

1. F1. 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.
2. F2. 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.
3. F3. These securities are beneficially owned solely by Daniel Lau.
4. F4. These securities are beneficially owned solely by Christine Man.
5. F5. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

At what price were the new Gran Tierra Energy (GTE) shares bought by LM Asset Management funds?

The funds bought 32,000 Gran Tierra Energy shares at a weighted average price of $6.0355. The filing notes multiple trades across a range from $5.98 to $6.05 per share, and offers to provide exact breakdowns for each individual transaction on request.

How many Gran Tierra Energy (GTE) shares do LM Asset Management funds hold after this Form 4?

Following the reported purchase, private funds managed by LM Asset Management indirectly held 4,345,200 Gran Tierra Energy Common Stock shares. This total reflects the position after the 32,000-share open-market acquisition disclosed for June 25, 2026 in the Form 4 report.

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.

Who is considered to hold the indirectly owned Gran Tierra Energy (GTE) shares in this Form 4?

Indirectly owned shares are held by private investment funds and companies associated with LM Asset Management, where Daniel Lau and Christine Man are control persons. The filing states they may be deemed beneficial owners but disclaim ownership beyond their respective pecuniary interests in those entities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/29/2026 - 05:13 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LM Asset Management Inc.

(Last) (First) (Middle)

1640 - 1055 W. HASTINGS STREET

(Street)

VANCOUVER V6E 2E9

(City) (State) (Zip)

BRITISH COLUMBIA, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
GRAN TIERRA ENERGY INC. [ GTE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/25/2026		P		32,000	A	$6.0355(1)	4,345,200	I	See Note(2)
Common Stock								240,000(3)	D
Common Stock								65,550(4)	D
Common Stock								207,000	I	See Note(5)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

LM Asset Management Inc.

(Last) (First) (Middle)

1640 - 1055 W. HASTINGS STREET

(Street)

VANCOUVER V6E 2E9

(City) (State) (Zip)

BRITISH COLUMBIA, CANADA

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Lau Daniel

(Last) (First) (Middle)

1640 - 1055 WEST HASTINGS STREET

(Street)

VANCOUVER V6E 2E9

(City) (State) (Zip)

BRITISH COLUMBIA, CANADA

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Man Christine

(Last) (First) (Middle)

1640 - 1055 WEST HASTINGS STREET

(Street)

VANCOUVER V6E 2E9

(City) (State) (Zip)

BRITISH COLUMBIA, CANADA

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

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.

2. 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.

3. These securities are beneficially owned solely by Daniel Lau.

4. These securities are beneficially owned solely by Christine Man.

5. 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.

Remarks:

The reporting persons are filing this Form 4 jointly but not as a group, and each reporting person expressly disclaims membership in a group within the meaning of Rule 13d-5(b) under the Securities Exchange Act of 1934.

	/s/ Daniel Lau, Director of LM Asset Management Inc.	06/29/2026
	/s/ Daniel Lau	06/29/2026
	/s/ Christine Man	06/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)