Spire Global (SPIR) chair sells 58,428 shares in tax-cover trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spire Global Executive Chairman Peter Platzer reported an open-market sale of 58,428 shares of Class A common stock at $8.53 per share on February 20, 2026. The shares were sold to cover taxes tied to stock unit settlements under automatic sale-to-cover instructions in award agreements intended to satisfy Rule 10b5-1(c). After the sale, Platzer directly held 1,693,603 shares and indirectly held 1,116,581 shares through his spouse, with shared beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 58,428 shares ($498,391)
Net Sell
2 txns
Insider
Platzer Peter
Role
Executive Chairman
Sold
58,428 shs ($498K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 58,428 | $8.53 | $498K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,693,603 shares (Direct);
Class A Common Stock — 1,116,581 shares (Indirect, By spouse)
Footnotes (1)
- 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 19, 2022, April 14, 2023, February 27, 2024, October 17, 2024 and May 28, 2025. Theresa Condor and Peter Platzer, as husband and wife, share beneficial ownership of the securities held by each other.
FAQ
What insider transaction did Spire Global (SPIR) report for Peter Platzer?
Spire Global reported that Executive Chairman Peter Platzer sold 58,428 shares of Class A common stock at $8.53 per share. The sale occurred on February 20, 2026 and was disclosed in a Form 4 insider trading report.
Was Peter Platzer’s Spire Global (SPIR) stock sale under a Rule 10b5-1 plan?
Yes. The filing states the shares were sold under award agreements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). These arrangements included automatic sale-to-cover instructions for tax obligations upon settlement of stock units.
How is Peter Platzer’s indirect ownership in Spire Global (SPIR) described?
The filing notes an indirect holding of 1,116,581 shares of Class A common stock listed as owned “By spouse.” A footnote states that Theresa Condor and Peter Platzer, as husband and wife, share beneficial ownership of the securities held by each other.