Spire Global CEO sells shares to cover RSU taxes
Spire Global, Inc. Chief Executive Officer Theresa Condor reported a series of open-market sales of Class A Common Stock that in total reduced her direct holdings while largely serving to cover taxes on vested restricted stock units.
Rhea-AI Filing Summary
Spire Global, Inc. Chief Executive Officer Theresa Condor reported a series of open-market sales of Class A Common Stock that in total reduced her direct holdings while largely serving to cover taxes on vested restricted stock units.
From May 2024 through January 2026, she sold an aggregate of 125,866 shares in multiple transactions, including 39,119 shares at $7.59 and 39,112 shares at $8.66 per share. Footnotes state these sales were executed under automatic sale-to-cover instructions in RSU award agreements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). After the most recent transaction, Condor holds 989,514 shares directly, and her spouse holds 1,487,552 shares indirectly, with the couple sharing beneficial ownership of each other’s holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 125,866 shares
Net Sell
11 txns
Insider
Condor Theresa
Role
Chief Executive Officer
Sold
125,866 shs ($1.13M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,201 | $12.10 | $15K |
| Sale | Class A Common Stock | 1,202 | $8.24 | $10K |
| Sale | Class A Common Stock | 39,119 | $7.59 | $297K |
| Sale | Class A Common Stock | 1,212 | $12.02 | $15K |
| Sale | Class A Common Stock | 1,208 | $10.42 | $13K |
| Sale | Class A Common Stock | 39,112 | $8.66 | $339K |
| Sale | Class A Common Stock | 1,201 | $12.45 | $15K |
| Sale | Class A Common Stock | 1,204 | $9.92 | $12K |
| Sale | Class A Common Stock | 21,933 | $11.44 | $251K |
| Sale | Class A Common Stock | 18,474 | $8.74 | $161K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 989,514 shares (Direct);
Class A Common Stock — 1,487,552 shares (Indirect, By Spouse)
Footnotes (4)
- F1. The shares were sold to cover taxes associated with the settlement of restricted stock units, pursuant to an automatic sale-to-cover instruction in the applicable award agreement, which award agreements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) were dated February 4, 2022, April 14, 2023 and March 7, 2024.
- F2. The shares were sold to cover taxes associated with the settlement of restricted 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 May 28, 2025.
- F3. The shares were sold to cover taxes associated with the settlement of restricted stock units, pursuant to an automatic sale-to-cover instruction in the applicable award agreement, which award agreements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) were dated February 4, 2022, April 14, 2023, March 7, 2024, and May 28, 2025.
- F4. Theresa Condor and Peter Platzer, as husband and wife, share beneficial ownership of the securities held by each other.
Key Figures
Total shares sold: 125,866 shares
Largest single sale: 39,119 shares at $7.59
Second large sale: 39,112 shares at $8.66
+3 more
6 metrics
Total shares sold
125,866 shares
Aggregate open-market sales from May 2024 to January 2026
Largest single sale
39,119 shares at $7.59
Open-market sale of Class A Common Stock on 2025-11-21
Second large sale
39,112 shares at $8.66
Open-market sale of Class A Common Stock on 2025-08-21
Recent small sale
1,201 shares at $12.10
Open-market sale of Class A Common Stock on 2026-01-21
Direct holdings after latest sale
989,514 shares
Class A Common Stock directly owned following 2026-01-21 transaction
Indirect spouse holdings
1,487,552 shares
Class A Common Stock held indirectly by spouse as of 2024-05-20
Key Terms
restricted stock units, automatic sale-to-cover instruction, Rule 10b5-1(c), beneficial ownership
4 terms
restricted stock units financial
"The shares were sold to cover taxes associated with the settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
automatic sale-to-cover instruction financial
"pursuant to an automatic sale-to-cover instruction in the applicable award agreement"
Rule 10b5-1(c) regulatory
"award agreements 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.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SPIR CEO Theresa Condor report in this Form 4?
Theresa Condor reported multiple open-market sales of Spire Global Class A Common Stock between May 2024 and January 2026. These transactions cumulatively reduced her direct holdings and were primarily executed to cover tax obligations tied to restricted stock unit settlements.
What is the CEO’s remaining ownership in Spire Global (SPIR) after these transactions?
Following the most recent reported sale, Theresa Condor directly holds 989,514 Class A shares. The filing also reports 1,487,552 Class A shares held indirectly by her spouse, with footnotes stating they share beneficial ownership of each other’s securities.
What role do automatic sale-to-cover instructions play in SPIR’s RSU settlements?
Automatic sale-to-cover instructions authorize selling a portion of vested RSU shares to pay withholding taxes. In this case, the filing explains multiple CEO share sales were triggered by such instructions embedded in RSU award agreements, rather than stand-alone discretionary sales for portfolio reasons.
AI-generated analysis. How Rhea-AI works. Not financial advice.
