Spire Global chair sells 5,100 shares in tax sale
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.
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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.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 5,100 | $14.09 | $72K |
| holding | Class A Common Stock F2 | -- | -- | -- |
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
Key Terms
Rule 10b5-1(c) regulatory
automatic sale-to-cover instruction financial
beneficial ownership financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SPIR disclose for Peter Platzer?
Was Peter Platzer’s SPIR stock sale under a Rule 10b5-1 trading plan?
What indirect SPIR holdings are reported for Peter Platzer?
AI-generated analysis. How Rhea-AI works. Not financial advice.