Spire Global (SPIR) CEO sells shares to cover taxes
Rhea-AI Filing Summary
Spire Global, Inc. (SPIR) director and Chief Executive Officer Theresa Condor reported selling 22,502 shares of Class A Common Stock on 2026-08-20 at $14.09 per share. The sale was to cover taxes from stock-unit settlement under an automatic sale-to-cover instruction in award agreements intended to satisfy Rule 10b5-1(c). After the sale, she directly held 948,686 shares, and, through her spouse, had indirect beneficial ownership of 1,473,468 shares, with shared beneficial ownership between Condor and Peter Platzer.
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Insider Trade Summary 10b5-1
Net Seller: 22,502 shares
Net Sell
2 txns
Insider
Condor Theresa
Role
Chief Executive Officer
Sold
22,502 shs ($317K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 22,502 | $14.09 | $317K |
| holding | Class A Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 948,686 shares (Direct);
Class A Common Stock — 1,473,468 shares (Indirect, By Spouse)
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 agreements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) were dated April 14, 2023 and May 28, 2025.
- F2. Theresa Condor and Peter Platzer, as husband and wife, share beneficial ownership of the securities held by each other.
Key Figures
Shares sold: 22,502 shares of Class A Common Stock
Sale price per share: $14.09 per share
Direct holdings after transaction: 948,686 shares
+2 more
5 metrics
Shares sold
22,502 shares of Class A Common Stock
Sale on 2026-08-20 to cover taxes from stock-unit settlement
Sale price per share
$14.09 per share
Price for the 22,502-share sale on 2026-08-20
Direct holdings after transaction
948,686 shares
Direct Class A Common Stock held by Theresa Condor after sale
Indirect holdings by spouse
1,473,468 shares
Class A Common Stock held indirectly, nature of ownership: By Spouse
Net shares sold
22,502 shares
Net sell shares in transaction summary (non-derivative)
Key Terms
Rule 10b5-1(c), sale-to-cover, beneficial ownership
3 terms
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.
sale-to-cover financial
"sold to cover taxes associated with the settlement of stock units, pursuant to an automatic sale-to-cover instruction"
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 SPIR CEO Theresa Condor report?
Theresa Condor reported a sale of 22,502 SPIR Class A shares on 2026-08-20 at $14.09 per share. The shares were sold to cover taxes associated with the settlement of stock units under an automatic sale-to-cover instruction.
Was the August 20, 2026 SPIR insider sale under a Rule 10b5-1 plan?
Yes. The tax-cover sale was made under award agreements that the company states were intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), dated April 14, 2023 and May 28, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.