Spire Global (SPIR) CFO sells 12,702 shares in tax-related, pre-set plan
Rhea-AI Filing Summary
Spire Global, Inc. Chief Financial Officer Alison K. Engel reported an open-market sale of Class A common stock primarily to cover tax obligations tied to equity compensation. On May 20, 2026, Engel sold 12,702 shares at $19.08 per share under an automatic sale-to-cover instruction in the applicable award agreement, which was designed to satisfy the affirmative defense conditions of Rule 10b5-1(c) dated April 7, 2025. After this transaction, Engel directly held 265,838 shares of Class A common stock. Because the sale was executed to cover taxes under a pre-established instruction, it represents a routine, compensation-related disposition rather than a discretionary change in ownership.
Positive
- None.
Negative
- None.
Insights
CFO’s sale is small, tax-driven, and pre-instructed under Rule 10b5-1.
Spire Global’s CFO, Alison K. Engel, sold 12,702 shares of Class A common stock at $19.08 per share. The filing states the sale was made to cover taxes from stock unit settlement, using an automatic sale-to-cover instruction.
The footnote explains the award agreement was intended to meet Rule 10b5-1(c) affirmative defense conditions, indicating the sale was pre-instructed rather than opportunistic. After the transaction, Engel still holds 265,838 shares, so the sale represents a relatively small portion of her disclosed stake.
Because the transaction is tax-related, pre-arranged, and modest relative to remaining holdings, it carries limited informational value about Engel’s view of the stock. Subsequent compensation-related settlements and their associated tax sales, if any, would similarly appear in future filings.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 12,702 | $19.08 | $242K |
Footnotes (1)
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