Gran Tierra (GTE) COO receives 307 ESPP shares, lifting stake to 33,695
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gran Tierra Energy Inc. Chief Operating Officer Sebastien Morin received 307 shares of common stock on April 16, 2026 through the Gran Tierra Inc. Employee Stock Purchase Plan. The shares were valued at $7.78 per share, bringing his direct holdings to 33,695 common shares.
The acquisition was classified as a grant or award transaction and is described as exempt under Rule 16b-3(d) and Rule 16b-3(c). The purchase price was originally transacted in Canadian dollars and converted into U.S. currency for reporting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morin Sebastien
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 307 | $7.78 | $2K |
Holdings After Transaction:
Common Stock — 33,695 shares (Direct, null)
Footnotes (1)
- These shares were acquired on April 16, 2026 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c). Purchase price of security was transacted in Canadian currency and converted to U.S. currency.
Key Figures
Shares acquired: 307 shares
Acquisition price: $7.78 per share
Post-transaction holdings: 33,695 shares
+2 more
5 metrics
Shares acquired
307 shares
Common stock acquired on April 16, 2026 via ESPP
Acquisition price
$7.78 per share
Value of ESPP-acquired common stock reported in U.S. dollars
Post-transaction holdings
33,695 shares
Direct common stock held by COO after ESPP acquisition
Transaction code
A (grant/award acquisition)
Non-derivative common stock transaction classification
Transaction date
April 16, 2026
Date of ESPP-related acquisition reported on Form 4
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c), grant, award, or other acquisition
4 terms
Employee Stock Purchase Plan financial
"These shares were acquired on April 16, 2026 through the Gran Tierra Inc. Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16b-3(d) regulatory
"in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
Rule 16b-3(c) regulatory
"in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did Gran Tierra Energy (GTE) report for Sebastien Morin?
Gran Tierra Energy reported that Chief Operating Officer Sebastien Morin acquired 307 shares of common stock on April 16, 2026. The shares were obtained through the Gran Tierra Inc. Employee Stock Purchase Plan as a grant or award, not as an open-market purchase or sale.