[Form 4] Gran Tierra Energy Inc. Insider Trading Activity

Rhea-AI Filing Summary

Gran Tierra Energy (GTE) – SEC Form 4

Jim Evans, Vice-President, Corporate Services, disclosed the acquisition of 300 common shares on 1 Aug 2025 through the company’s Employee Stock Purchase Plan (exempt under Rules 16b-3(c)/(d)). The shares were bought at an effective US$4.53 (price translated from CAD), representing an outlay of roughly US$1.4k.

Post-transaction beneficial ownership stands at 47,194 shares held directly and 6,100 shares indirectly via his spouse. No sales or derivative transactions were reported.

The purchase lifts Evans’ direct stake by about 0.6%. While the dollar amount is negligible for company valuation, continued insider accumulation—especially absent selling—can signal incremental confidence in Gran Tierra’s outlook.

Positive

• Insider purchase: Officer increased direct holdings by 300 shares, signalling modest confidence.
• No insider sales reported, maintaining a net buying posture.

Negative

• Immaterial size: Purchase value (~US$1.4k) is too small to influence valuation or signal strong conviction.
• ESPP transaction is likely automated, reducing its signaling strength compared to discretionary open-market buys.

Insights

Financial Analyst

TL;DR: Small insider buy, neutral valuation impact, mildly positive sentiment.

The 300-share ESPP purchase (≈US$1.4k) marginally increases insider ownership but is economically immaterial relative to Gran Tierra’s market cap and trading volume. Because ESPP transactions are often automatic, it carries less signaling power than discretionary open-market buys. Still, an absence of insider selling and a growing personal stake can be read as a soft vote of confidence. Impact on earnings, cash flow, or balance-sheet metrics is zero; therefore, I rate the news neutral.

Corporate Governance Specialist

TL;DR: Governance neutral; routine ESPP participation, no red flags.

The filing conforms with Section 16 disclosure rules and shows continued participation in the broad-based Employee Stock Purchase Plan. No preferential terms, option repricing, or accelerated vesting are indicated. Because Rule 10b5-1 safe-harbor is not cited, the purchase appears straightforward. From a governance perspective, the added transparency is welcome, but the event is routine and non-material. Thus, impact on shareholder oversight or board independence is negligible.

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^*

Evans Jim

(Last) (First) (Middle)

C/O GRAN TIERRA ENERGY INC.

500 CENTRE STREET SE

(Street)

CALGARY A0 T2G 1A6

(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		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, Corporate Services

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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

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

X	Form filed by One Reporting Person
	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	08/01/2025		A(1)		300	A	$4.53(2)	47,194	D
Common Stock								6,100	I	By Spouse

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

Explanation of Responses:

1. These shares were acquired on August 1, 2025 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).

2. Purchase price of security was transacted in Canadian currency and converted to U.S. currency.

	/s/ Phillip Abraham, Attorney-In Fact	08/05/2025
	** 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.

FAQ

How many Gran Tierra (GTE) shares did Jim Evans buy?

He acquired 300 common shares on 1 Aug 2025 via the Employee Stock Purchase Plan.

What price did the insider pay for GTE shares?

The effective purchase price was US$4.53 per share after currency conversion.

What is Jim Evans’ total ownership in GTE after the transaction?

He now owns 47,194 shares directly and 6,100 shares indirectly through his spouse.

Does this Form 4 include any derivative transactions?

No. No options or other derivative securities were acquired or disposed of.

Is the transaction part of a Rule 10b5-1 trading plan?

The filing does not indicate that the purchase was executed under a Rule 10b5-1 plan.