Spire Global (SPIR) CEO logs small 1,200-share tax sale, retains large stake
Rhea-AI Filing Summary
Spire Global, Inc. director and CEO Theresa Condor reported a small open-market sale of Class A Common Stock. On April 20, 2026, she sold 1,200 shares at $18.31 per share and held 988,314 shares directly afterward.
Footnotes state the sale was made to cover taxes tied to restricted stock unit settlement under an automatic sale-to-cover instruction intended to satisfy Rule 10b5-1(c) conditions. A separate entry reflects 1,485,752 shares held indirectly by her spouse, with shared beneficial ownership as husband and wife.
Positive
- None.
Negative
- None.
Insights
CEO’s 1,200-share sale is a small, pre-arranged tax sale under equity compensation.
The filing shows Theresa Condor, CEO of Spire Global, Inc., sold 1,200 shares of Class A Common Stock at $18.31 on April 20, 2026, leaving 988,314 shares in her direct account. This is a very small fraction of her reported direct holdings.
A footnote explains the trade was to cover taxes from restricted stock unit settlement, executed via an automatic sale-to-cover instruction under an award agreement intended to meet Rule 10b5-1(c) conditions. That framing makes the transaction look routine and compensation-driven rather than a discretionary change in exposure.
The filing also notes 1,485,752 shares held indirectly by her spouse, with the couple sharing beneficial ownership. Combined with the large remaining direct stake and no derivative positions listed, the data points to continued substantial alignment with shareholders, while the sale itself appears to be a mechanistic tax event.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,200 | $18.31 | $22K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The shares were sold to cover taxes associated with the settlement of restricted 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. Theresa Condor and Peter Platzer, as husband and wife, share beneficial ownership of the securities held by each other.