LM Asset Management boosts Gran Tierra stake

Private funds managed by LM Asset Management Inc. bought 94,000 shares of Gran Tierra Energy common stock in open-market purchases.

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.

Insider Trade Summary

Net Buyer: 94,000 shares

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 — 4,232,200 shares (Indirect, See Note); Common Stock — 305,550 shares (Direct)

Footnotes (7)

1. F1. 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.
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. 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.
4. F4. 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.
5. F5. These securities are beneficially owned solely by Daniel Lau.
6. F6. These securities are beneficially owned solely by Christine Man.
7. F7. 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

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

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.

Over what dates did the Gran Tierra Energy (GTE) share purchases occur?

The reported Gran Tierra Energy share purchases took place on March 2, 3, and 4, 2026. Each day involved open-market transactions in common stock by private funds managed by LM Asset Management, at different weighted average prices disclosed in the Form 4.

At what prices were the Gran Tierra Energy (GTE) shares bought in this filing?

The shares were purchased at weighted average prices within ranges between $6.33 and $6.73 per share. The Form 4 notes multiple trades each day and offers to provide detailed price breakdowns for each individual transaction upon request.

How many Gran Tierra Energy (GTE) shares does LM Asset Management report owning after these trades?

After the reported purchases, private funds managed by LM Asset Management hold 4,025,200 Gran Tierra Energy common shares indirectly. This total reflects the position following the March 4, 2026 transaction as disclosed in the Form 4 non-derivative holdings table.

What roles do Daniel Lau and Christine Man have in relation to the Gran Tierra Energy (GTE) shares?

Daniel Lau and Christine Man are control persons of LM Asset Management and of certain companies holding Gran Tierra shares. They may be deemed beneficial owners but expressly disclaim beneficial ownership except to the extent of their respective pecuniary interests in those entities.

Are any Gran Tierra Energy (GTE) shares held directly by Daniel Lau or Christine Man?

Yes. The Form 4 notes certain Gran Tierra Energy common shares are beneficially owned solely by Daniel Lau and others solely by Christine Man. Additional shares are held by companies they control, with both individuals disclaiming beneficial ownership beyond their pecuniary interests.

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Accepted by SEC EDGAR 03/04/2026 - 05:40 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)

915 1055 WEST HASTINGS STREET

(Street)

VANCOUVER A1 V6E 2E9

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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

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

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

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	03/02/2026		P		50,000	A	$6.4198(1)	3,981,200	I	See Note(2)
Common Stock	03/03/2026		P		20,000	A	$6.5176(3)	4,001,200	I	See Note(2)
Common Stock	03/04/2026		P		24,000	A	$6.384(4)	4,025,200	I	See Note(2)
Common Stock								240,000(5)	D
Common Stock								65,550(6)	D
Common Stock								207,000	I	See Note(7)

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)

915 1055 WEST HASTINGS STREET

(Street)

VANCOUVER A1 V6E 2E9

(City) (State) (Zip)

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)

915 1055 WEST HASTINGS STREET

(Street)

VANCOUVER A1 V6E 2E9

(City) (State) (Zip)

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)

915 1055 WEST HASTINGS STREET

(Street)

VANCOUVER A1 V6E 2E9

(City) (State) (Zip)

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 $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.

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. 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.

4. 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.

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

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

7. 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.	03/04/2026
	/s/ Daniel Lau	03/04/2026
	/s/ Christine Man	03/04/2026
	** 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.
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