Tax-driven sale: Spire (SPIR) COO disposes 4,660 shares under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spire Global, Inc. Chief Operating Officer Celia Pelez Perez reported an open-market sale of 4,660 shares of Class A Common Stock at $19.07 per share. According to the footnote, the sale was made to cover taxes from the settlement of stock units under an automatic sale-to-cover instruction tied to an award agreement intended to satisfy Rule 10b5-1(c) conditions. Following this tax-related transaction, she directly holds 263,116 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,660 shares ($88,866)
Net Sell
1 txn
Insider
Pelez Perez Celia
Role
Chief Operating Officer
Sold
4,660 shs ($89K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 4,660 | $19.07 | $89K |
Holdings After Transaction:
Class A Common Stock — 263,116 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 4,660 shares
Sale price: $19.07 per share
Shares held after transaction: 263,116 shares
3 metrics
Shares sold
4,660 shares
Class A Common Stock sold on 2026-05-20
Sale price
$19.07 per share
Price for Class A Common Stock on 2026-05-20
Shares held after transaction
263,116 shares
Direct Class A Common Stock holdings following sale
Key Terms
automatic sale-to-cover instruction, stock units, Rule 10b5-1(c)
3 terms
automatic sale-to-cover instruction financial
"The shares were sold to cover taxes associated with the settlement of stock units, pursuant to an automatic sale-to-cover instruction"
stock units financial
"sold to cover taxes associated with the settlement of stock units, pursuant to an automatic sale-to-cover instruction"
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
Rule 10b5-1(c) regulatory
"award agreement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) was dated January 6, 2025"
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.
FAQ
What insider transaction did Spire Global (SPIR) disclose for its COO?
Spire Global disclosed that COO Celia Pelez Perez sold 4,660 shares. She sold Class A Common Stock at $19.07 per share, primarily to cover taxes arising from the settlement of stock units under an automatic sale-to-cover instruction.
What is the role of Rule 10b5-1 in the Spire Global (SPIR) COO transaction?
The award agreement was intended to meet Rule 10b5-1(c) conditions. The filing notes the automatic sale-to-cover instruction in the award agreement was structured to satisfy the affirmative defense conditions of Rule 10b5-1(c), indicating a pre-arranged, rules-based mechanism.