Director Porteous (NYSE: SPIR) gets $25k in Spire stock units
Rhea-AI Filing Summary
Porteous William reported acquisition or exercise transactions in this Form 4 filing.
Spire Global, Inc. director William Porteous received a grant of 1,896 shares of Class A Common Stock on April 1, 2026. These are restricted stock units issued in lieu of cash compensation of $25,375 and are fully vested, meaning they are not subject to additional service conditions.
Following the grant, Porteous holds 120,242 Class A shares directly. In addition, 596,181 shares are held indirectly through RRE Ventures V, L.P. and 248,071 shares are held indirectly through RRE Leaders Fund, L.P., where affiliated general partners have sole voting and dispositive power and Porteous disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,896 shares
Net Buy
3 txns
Insider
Porteous William
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,896 | $13.38 | $25K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 120,242 shares (Direct);
Class A Common Stock — 596,181 shares (Indirect, By: RRE Ventures V, L.P.);
Class A Common Stock — 248,071 shares (Indirect, By: RRE Leaders Fund, L.P.)
Footnotes (2)
- F1. Represents restricted stock units in lieu of cash compensation of $25,375, which are fully vested.
- F2. RRE Ventures GP V, LLC is the general partner of RRE Ventures V, L.P., and its managing members and officers are James D. Robinson IV, Stuart J. Ellman, and William D. Porteous, and RRE Ventures GP V, LLC has sole voting and dispositive power with respect to the shares held by RRE Ventures V, L.P. RRE Leaders GP, LLC is the general partner of RRE Leaders Fund, LP and its managing members and officers are James D. Robinson IV, Stuart J. Ellman, and William D. Porteous, and RRE Leaders GP, LLC has sole voting and dispositive power with respect to the shares held by RRE Leaders Fund, LP. Mr. Porteous disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein.
Key Figures
RSU shares granted: 1,896 shares
Cash compensation replaced: $25,375
Reference price per share: $13.38/share
+3 more
6 metrics
RSU shares granted
1,896 shares
Restricted stock units granted April 1, 2026
Cash compensation replaced
$25,375
Value of cash fees taken in stock units
Reference price per share
$13.38/share
Price used for the 1,896-share award
Direct holdings after grant
120,242 shares
Porteous direct Class A Common Stock
Indirect holdings via RRE Ventures V, L.P.
596,181 shares
Class A shares held by RRE Ventures V, L.P.
Indirect holdings via RRE Leaders Fund, L.P.
248,071 shares
Class A shares held by RRE Leaders Fund, L.P.
Key Terms
restricted stock units, voting and dispositive power, general partner, pecuniary interest, +1 more
5 terms
restricted stock units financial
"Represents restricted stock units in lieu of cash compensation of $25,375"
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.
voting and dispositive power financial
"has sole voting and dispositive power with respect to the shares held"
general partner financial
"RRE Ventures GP V, LLC is the general partner of RRE Ventures V, L.P."
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
pecuniary interest financial
"Mr. Porteous disclaims beneficial ownership ... except to the extent of any pecuniary interest therein."
beneficial ownership financial
"Mr. Porteous disclaims beneficial ownership of the reported securities"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Spire Global (SPIR) director William Porteous report on this Form 4?
He reported receiving 1,896 shares of Spire Global Class A Common Stock as a fully vested restricted stock unit grant. The grant represents compensation of $25,375 taken in stock rather than cash for his director services.
What indirect Spire Global (SPIR) holdings are associated with William Porteous?
Indirectly, 596,181 shares are held by RRE Ventures V, L.P. and 248,071 shares by RRE Leaders Fund, L.P. General partner entities with Porteous as a managing member have sole voting and dispositive power, and he disclaims beneficial ownership except for any pecuniary interest.
Are the Spire Global (SPIR) restricted stock units granted to Porteous subject to vesting?
The filing states the restricted stock units are fully vested, meaning they are not subject to future vesting conditions. They were issued entirely in lieu of $25,375 in cash compensation for his service, making the equity immediately earned.
What does it mean that William Porteous disclaims beneficial ownership of some Spire Global (SPIR) shares?
He disclaims beneficial ownership of shares held by RRE Ventures V, L.P. and RRE Leaders Fund, L.P., except for any pecuniary interest. This indicates those entities formally control voting and disposition, even though he is a managing member of their general partners.