Spire Global (NYSE: SPIR) chair’s tax-related share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spire Global Executive Chairman Peter Platzer reported a small open-market sale of Class A Common Stock. He sold 1,800 shares at $18.31 per share, with the sale made to cover taxes tied to the settlement of restricted stock units under an automatic sale-to-cover instruction.
Following the sale, he holds 1,485,752 shares directly and 988,314 shares indirectly through his spouse. The footnotes state that the award agreement was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), indicating the tax-related sale was pre-arranged rather than discretionary.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,800 shares ($32,958)
Net Sell
2 txns
Insider
Platzer Peter
Role
Executive Chairman
Sold
1,800 shs ($33K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,800 | $18.31 | $33K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,485,752 shares (Direct, null);
Class A Common Stock — 988,314 shares (Indirect, By Spouse)
Footnotes (1)
- 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. Theresa Condor and Peter Platzer, as husband and wife, share beneficial ownership of the securities held by each other.
Key Figures
Shares sold: 1,800 shares
Sale price: $18.31 per share
Direct holdings after sale: 1,485,752 shares
+1 more
4 metrics
Shares sold
1,800 shares
Open-market sale of Class A Common Stock
Sale price
$18.31 per share
Price for the 1,800 sold shares
Direct holdings after sale
1,485,752 shares
Class A Common Stock held directly by Peter Platzer
Indirect holdings by spouse
988,314 shares
Class A Common Stock held indirectly by spouse
Key Terms
restricted stock units, automatic sale-to-cover instruction, Rule 10b5-1(c), beneficial ownership
4 terms
restricted stock units financial
"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 agreement 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
What insider transaction did Spire Global (SPIR) report for Peter Platzer?
Spire Global reported that Executive Chairman Peter Platzer sold 1,800 shares of Class A Common Stock. The shares were sold at $18.31 each to cover taxes from restricted stock unit settlement under an automatic sale-to-cover instruction.
Was the Spire Global (SPIR) insider sale part of a Rule 10b5-1 plan?
Yes. The footnotes explain that the sale was executed under an automatic sale-to-cover instruction in an award agreement intended to meet Rule 10b5-1(c) affirmative defense conditions, indicating the tax-related sale was pre-arranged rather than a discretionary market-timing decision.