Spire Global (SPIR) chair offloads 5,100 shares for taxes
Rhea-AI Filing Summary
Spire Global, Inc. (SPIR) reported an insider transaction by Executive Chairman and director Peter Platzer5,100 shares of Class A Common Stock at $14.09 per share. According to a footnote, the shares were sold to cover taxes associated with the settlement of stock units under an automatic sale-to-cover instruction in an award agreement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), dated April 14, 2023. After this sale, Platzer directly held 1,473,468 shares of Class A Common Stock, and indirectly held 948,686 shares through his spouse, with the spouses sharing beneficial ownership of each other’s holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,100 shares
Net Sell
2 txns
Insider
Platzer Peter
Role
Executive Chairman
Sold
5,100 shs ($72K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 5,100 | $14.09 | $72K |
| holding | Class A Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,473,468 shares (Direct);
Class A Common Stock — 948,686 shares (Indirect, By Spouse)
Footnotes (2)
- 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 April 14, 2023.
- F2. Theresa Condor and Peter Platzer, as husband and wife, share beneficial ownership of the securities held by each other.
Key Figures
Shares sold: 5,100 shares of Class A Common Stock
Sale price per share: $14.09 per share
Direct holdings after transaction: 1,473,468 shares
+2 more
5 metrics
Shares sold
5,100 shares of Class A Common Stock
Sale on 2026-08-20 by Peter Platzer to cover taxes
Sale price per share
$14.09 per share
Price for the 5,100 Class A shares sold on 2026-08-20
Direct holdings after transaction
1,473,468 shares
Class A Common Stock directly held by Peter Platzer after the sale
Indirect holdings by spouse
948,686 shares
Class A Common Stock held indirectly, noted as "By Spouse"
Net shares sold
5,100 shares
Net-sell direction from transaction summary for this Form 4
Key Terms
Rule 10b5-1(c), automatic sale-to-cover instruction, beneficial ownership
3 terms
Rule 10b5-1(c) regulatory
"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.
automatic sale-to-cover instruction financial
"pursuant to an automatic sale-to-cover instruction in the applicable award agreement"
beneficial ownership financial
"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
What insider transaction did SPIR disclose for Peter Platzer?
SPIR disclosed that Executive Chairman Peter Platzer sold 5,100 shares of Class A Common Stock on 2026-08-20 at $14.09 per share. The sale was to cover taxes from the settlement of stock units under an automatic sale-to-cover instruction.
Was Peter Platzer’s SPIR stock sale under a Rule 10b5-1 trading plan?
Yes. The filing states the sale was made under an award agreement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), dated April 14, 2023, and the Form 4’s 10b5-1 checkbox is marked as affirmative.
What indirect SPIR holdings are reported for Peter Platzer?
The Form 4 reports 948,686 shares of Class A Common Stock held indirectly, labeled as owned "By Spouse." A footnote states that Peter Platzer and Theresa Condor, as husband and wife, share beneficial ownership of each other’s securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
