Gran Tierra EVP buys 127 shares at $10.59
EVP Corporate Services Jim Evans increased his Gran Tierra Energy shareholdings via the employee stock purchase plan in a Rule 16b-3-exempt transaction.
Rhea-AI Filing Summary
Gran Tierra Energy Inc. (GTE) executive Jim Evans, EVP, Corporate Services, acquired common shares on September 17, 2026 through Gran Tierra’s Employee Stock Purchase Plan, in a transaction the company states was exempt under Rule 16b-3(d) and Rule 16b-3(c). He now holds common shares both directly and indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 127 shares
Grant/Award
2 txns
Insider
Evans Jim
Role
EVP, Corporate Services
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 127 | $10.59 | $1K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 50,343 shares (Direct);
Common Stock — 3,200 shares (Indirect, By Spouse)
Footnotes (2)
- F1. These shares were acquired on September 17, 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).
- F2. Purchase price of security was transacted in Canadian currency and converted to U.S. currency.
Key Figures
Shares acquired: 127 shares
Per-share value reported: $10.59 per share
Direct common shares after transaction: 50,343 shares
+2 more
5 metrics
Shares acquired
127 shares
Common stock acquired on September 17, 2026 through the Employee Stock Purchase Plan
Per-share value reported
$10.59 per share
Value used for the 127 common shares acquired; price transacted in Canadian currency and converted to U.S. currency
Direct common shares after transaction
50,343 shares
Directly held Gran Tierra Energy common stock following the September 17, 2026 acquisition
Indirect common shares held by spouse
3,200 shares
Gran Tierra Energy common stock reported as held indirectly, described as “By Spouse”
Rule 16b-3 exemptions cited
Rule 16b-3(d) and Rule 16b-3(c)
The company states the Employee Stock Purchase Plan acquisition was exempt under these rules
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c), indirect ownership
4 terms
Employee Stock Purchase Plan financial
"These shares were acquired on September 17, 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(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
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.
indirect ownership financial
"Indirect ownership is described as “By Spouse” for 3,200 common shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GTE executive Jim Evans report in this Form 4?
He reported acquiring 127 shares of Gran Tierra Energy common stock on September 17, 2026 through the company’s Employee Stock Purchase Plan, in a transaction the company states was exempt under Rule 16b-3(d) and Rule 16b-3(c).
Was Jim Evans’ GTE stock purchase under a Rule 10b5-1 trading plan?
The Form 4 indicates no Rule 10b5-1 trading plan for this transaction. Instead, it states the shares were acquired through the Gran Tierra Employee Stock Purchase Plan under exemptions from Rule 16b-3(d) and Rule 16b-3(c).
What type of transaction was reported for GTE in this Form 4?
The filing describes the event as a grant, award, or other acquisition of 127 Gran Tierra Energy common shares under the Employee Stock Purchase Plan, rather than an open-market purchase or sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
