Spire CEO sells shares to cover tax obligations
Spire Global, Inc. Chief Executive Officer Theresa Condor reported insider transactions in Class A Common Stock.
Rhea-AI Filing Summary
Spire Global, Inc. Chief Executive Officer Theresa Condor reported insider transactions in Class A Common Stock. On May 20, 2026, she sold a total of 24,644 shares in open-market transactions at prices of $19.08 and $19.07 per share.
The footnotes state these shares were sold to cover taxes associated with the settlement of stock units under automatic sale-to-cover instructions in award agreements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). She also has indirect ownership of 1,478,568 shares of Class A Common Stock held by her spouse, with beneficial ownership shared between them as husband and wife.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 24,644 shares
Net Sell
3 txns
Insider
Condor Theresa
Role
Chief Executive Officer
Sold
24,644 shs ($470K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 19,596 | $19.07 | $374K |
| Sale | Class A Common Stock | 5,048 | $19.08 | $96K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 963,670 shares (Direct);
Class A Common Stock — 1,478,568 shares (Indirect, By Spouse)
Footnotes (3)
- F1. The shares were sold to cover taxes associated with the settlement of stock units, pursuant to an automatic sale-to-cover instruction in the applicable award agreement, which award agreement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) was dated May 28, 2025.
- F2. The shares were sold to cover taxes associated with the settlement of stock units, pursuant to an automatic sale-to-cover instruction in the applicable award agreement, which award agreements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) were dated April 14, 2023 and May 28, 2025.
- F3. Theresa Condor and Peter Platzer, as husband and wife, share beneficial ownership of the securities held by each other.
Key Figures
Shares sold: 24,644 shares
Sale price 1: $19.08/share
Sale price 2: $19.07/share
+2 more
5 metrics
Shares sold
24,644 shares
Total Class A Common Stock sold on May 20, 2026
Sale price 1
$19.08/share
Open-market sale price for 5,048 shares on May 20, 2026
Sale price 2
$19.07/share
Open-market sale price for 19,596 shares on May 20, 2026
Indirect holdings
1,478,568 shares
Class A Common Stock held by spouse, shared beneficial ownership
Transaction count
2 sales
Non-derivative open-market sales reported in this Form 4
Key Terms
automatic sale-to-cover, Rule 10b5-1(c), stock units, beneficial ownership
4 terms
automatic sale-to-cover financial
"The shares were sold to cover taxes associated with the settlement of stock units, pursuant to an automatic sale-to-cover instruction..."
Rule 10b5-1(c) regulatory
"award agreement, which award agreement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c)..."
Rule 10b5-1(c) is an SEC guideline that lets company insiders set up a written, pre-planned schedule to buy or sell their company stock when they are not in possession of material, nonpublic information. For investors, it matters because such plans can reduce the appearance of insider trading by separating decisions from inside knowledge—like putting your trades on autopilot—while also requiring scrutiny since pre-planned trades can still affect market confidence and share value.
stock units financial
"sold to cover taxes associated with the settlement of stock units, pursuant to an automatic sale-to-cover instruction..."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
beneficial ownership financial
"Theresa Condor and Peter Platzer, as husband and wife, share beneficial ownership of the securities held by each other."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Spire Global (SPIR) report for CEO Theresa Condor?
Spire Global reported that CEO Theresa Condor sold 24,644 shares of Class A Common Stock on May 20, 2026. The shares were sold in open-market transactions at around $19.07–$19.08 per share, primarily to cover tax obligations from stock unit settlements.
What indirect Spire Global (SPIR) holdings are attributed to Theresa Condor?
The filing shows indirect ownership of 1,478,568 shares of Spire Global Class A Common Stock through her spouse. A footnote explains that Theresa Condor and her husband, Peter Platzer, share beneficial ownership of the securities held by each other as husband and wife.
AI-generated analysis. How Rhea-AI works. Not financial advice.
