Gran Tierra (GTE) Insider Purchase — 617 Shares Bought Under ESPP
Rhea-AI Filing Summary
Gran Tierra Energy insider purchase: Phillip Abraham, VP Legal and Business Development, acquired 617 shares of Gran Tierra Energy Inc. (GTE) on 08/18/2025 through the company’s Employee Stock Purchase Plan. The transaction is reported on a Form 4 filed 08/20/2025 and was conducted under exemptions in Rule 16b-3(c) and 16b-3(d). The reported purchase price was C$3.91 per share, converted to U.S. dollars for reporting. After the purchase, Mr. Abraham beneficially owned 34,195 shares. The Form 4 is individually filed and signed by the reporting person.
Positive
- Transaction conducted under ESPP and exempt under Rule 16b-3(c) and 16b-3(d>
- Reporting includes post-transaction beneficial ownership of 34,195 shares, providing transparency
Negative
- None.
Insights
TL;DR: A routine insider purchase under the ESPP increased an executive’s stake modestly; transaction appears procedural and non-material.
The filing documents a small-scale acquisition of 617 common shares under the company’s Employee Stock Purchase Plan, exempt under Rule 16b-3 provisions. The post-transaction beneficial ownership of 34,195 shares provides a clear snapshot of this executive’s stake. There are no derivative or other transactions reported. Given the size of the purchase relative to total shares outstanding (not disclosed here), the filing reads as a standard employee-plan purchase rather than a material corporate event.
TL;DR: Disclosure follows Section 16 requirements and shows typical ESPP activity by an insider.
The Form 4 contains required disclosures: reporting person identity, relationship to issuer (VP, Legal and Business Development), transaction date, number of shares acquired, price and post-transaction ownership, and signature. The filing indicates the purchase qualified for Rule 16b-3 exemptions, consistent with many employer-sponsored purchase plans. No amendments, dispositions, or other governance concerns are presented in this filing.