Spire Global (SPIR) COO executes 19,134-share tax-cover sale under 10b5-1 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 19,134 shares of Class A common stock at $8.53 per share. After this transaction, she held 267,776 shares directly. According to the disclosure, the sale was made automatically to cover taxes due on the settlement of stock units, under a sale-to-cover instruction in an award agreement intended to satisfy Rule 10b5-1(c) affirmative defense conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 19,134 shares ($163,213)
Net Sell
1 txn
Insider
Pelez Perez Celia
Role
Chief Operating Officer
Sold
19,134 shs ($163K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 19,134 | $8.53 | $163K |
Holdings After Transaction:
Class A Common Stock — 267,776 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Spire Global (SPIR) report for its COO?
Spire Global reported that COO Celia Pelez Perez sold 19,134 shares of Class A common stock. The shares were sold at $8.53 each to cover taxes tied to settling stock units under an automatic sale-to-cover arrangement.
What does Rule 10b5-1(c) reference in the Spire Global (SPIR) COO filing?
The filing notes the applicable award agreement was intended to satisfy Rule 10b5-1(c) affirmative defense conditions. This indicates the tax-cover sale was pre-arranged under a written plan rather than timed at the insider’s discretion.