Spire Global (SPIR) chair awarded 275,867 RSUs, boosts share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Platzer Peter reported acquisition or exercise transactions in this Form 4 filing.
Spire Global Executive Chairman Peter Platzer received an equity award of 275,867 shares of Class A Common Stock in the form of restricted stock units. These RSUs vest 25% on February 20, 2027, with the rest vesting in 1/16th quarterly installments beginning May 20, 2027, subject to continued service. After this grant, he directly holds 1,752,031 shares, and indirectly, through his spouse with whom he shares beneficial ownership, 1,158,293 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Platzer Peter
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 275,867 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,752,031 shares (Direct);
Class A Common Stock — 1,158,293 shares (Indirect, By Spouse)
Footnotes (1)
- Represents restricted stock units, which vests as follows: 25% of the total number of shares vests on February 20, 2027, and the remaining shares vest as to 1/16th installments on a quarterly basis, beginning on May 20, 2027, subject to the Reporting Person's continued service through each such vesting date. Theresa Condor and Peter Platzer, as husband and wife, share beneficial ownership of the securities held by each other.
FAQ
What did Spire Global (SPIR) insider Peter Platzer report in this Form 4?
Peter Platzer reported receiving an award of 275,867 restricted stock units of Spire Global Class A Common Stock. These units vest over time and increased his direct holdings to 1,752,031 shares, with additional indirect holdings through his spouse.
What is the vesting schedule for Peter Platzer’s new Spire Global RSUs?
The 275,867 restricted stock units vest 25% on February 20, 2027. The remaining units vest in 1/16th quarterly installments starting May 20, 2027, and require Peter Platzer’s continued service through each vesting date to receive the shares.
How are Peter Platzer’s indirect Spire Global holdings characterized in this filing?
The filing reports 1,158,293 Spire Global Class A Common Stock shares as indirectly owned, with the nature of ownership described as “By Spouse.” A footnote states that Peter Platzer and Theresa Condor, as husband and wife, share beneficial ownership of each other’s securities.
Was Peter Platzer’s Spire Global transaction a market buy or sell?
The transaction was a grant or award acquisition of 275,867 restricted stock units at $0.00 per share. It is classified with transaction code “A” for grant, award, or other acquisition, and is not reported as an open-market purchase or sale.