GTE Form 4: Officer Purchase of 771 Shares Reported
Rhea-AI Filing Summary
Gran Tierra Energy insider purchase recorded by Sebastien Morin. The reporting person acquired 771 shares of Gran Tierra Energy Inc. common stock on 08/18/2025 through the company Employee Stock Purchase Plan at an effective price of $3.91 per share (price was transacted in Canadian dollars and converted to U.S. dollars). After the purchase, the reporting person beneficially owned 23,939 shares. The filing states the transaction was exempt under the specified Rule 16b-3 provisions and was reported on a single-person Form 4.
Positive
- Insider purchased shares through the Employee Stock Purchase Plan, showing direct ownership increase of 771 shares
- Transaction exempt under Rule 16b-3, indicating it followed standard insider transaction exemptions for employee plans
- Clear post-transaction beneficial ownership reported: 23,939 shares
Negative
- None.
Insights
TL;DR: A routine employee purchase increased an insider's stake by 771 shares, a small but direct equity acquisition.
The transaction is a non-derivative purchase under the company Employee Stock Purchase Plan. The filing discloses an acquisition of 771 common shares at an effective price of $3.91 per share (CAD to USD conversion noted). Post-transaction beneficial ownership is 23,939 shares, indicating the purchase is incremental rather than transformative for ownership percentages. The filing cites Rule 16b-3 exemptions, consistent with typical employee-plan transactions.
TL;DR: This is a standard Section 16 Form 4 reporting an ESPP purchase by an officer, disclosed under required exemptions.
The report identifies the reporting person as the Chief Operating Officer and shows the acquisition occurred through the company Employee Stock Purchase Plan with the applicable Rule 16b-3 exemptions invoked. The filing was submitted as a single reporting person Form 4 and signed by an attorney-in-fact. There are no derivative transactions or additional disclosures in the filing that would indicate other governance or compliance issues.