LM Asset Management lifts Gran Tierra (NYSE: GTE) stake with buys
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Private funds managed by LM Asset Management Inc. bought 94,000 shares of Gran Tierra Energy common stock in open-market purchases. The trades occurred on March 2–4, 2026, at weighted average prices within ranges from $6.33 to $6.73 per share, lifting their indirect holdings to 4,025,200 shares. Daniel Lau and Christine Man, control persons of LM Asset Management, may be deemed to beneficially own these securities but each disclaims beneficial ownership except for their pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 94,000 shares ($604,558)
Net Buy
6 txns
Insider
LM Asset Management Inc., Lau Daniel, Man Christine
Role
10% Owner | 10% Owner | 10% Owner
Bought
94,000 shs ($605K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 24,000 | $6.384 | $153K |
| Purchase | Common Stock | 20,000 | $6.5176 | $130K |
| Purchase | Common Stock | 50,000 | $6.4198 | $321K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,025,200 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 $6.40 to $6.50, 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 $6.45 to $6.73, 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. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.33 to $6.48, 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.
FAQ
What did LM Asset Management report in this Form 4 for Gran Tierra Energy (GTE)?
LM Asset Management reported open-market purchases of 94,000 Gran Tierra Energy common shares. The trades occurred over three days in March 2026, increasing indirect holdings to 4,025,200 shares held by private investment funds it manages.