Spire Global chair sells 7,184 shares for taxes
Spire Global, Inc. Executive Chairman Peter Platzer reported tax-related sales of Class A Common Stock.
Rhea-AI Filing Summary
Spire Global, Inc. Executive Chairman Peter Platzer reported tax-related sales of Class A Common Stock. On May 20, 2026, he sold a total of 7,184 shares in two open-market transactions at $19.08 and $19.07 per share to cover taxes from the settlement of stock units. The sales were executed under automatic sale-to-cover instructions in award agreements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), dated April 14, 2023 and May 28, 2025. Following these sales, Platzer holds 1,478,568 shares directly and 963,670 shares indirectly through his spouse, with the couple sharing beneficial ownership of each other’s holdings.
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Insider Trade Summary 10b5-1
Net Seller: 7,184 shares
Net Sell
3 txns
Insider
Platzer Peter
Role
Executive Chairman
Sold
7,184 shs ($137K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,885 | $19.07 | $36K |
| Sale | Class A Common Stock | 5,299 | $19.08 | $101K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,478,568 shares (Direct);
Class A Common Stock — 963,670 shares (Indirect, By spouse)
Footnotes (3)
- 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 agreement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) was dated May 28, 2025.
- F2. 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 agreement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) was dated April 14, 2023.
- F3. Theresa Condor and Peter Platzer, as husband and wife, share beneficial ownership of the securities held by each other.
Key Figures
Shares sold (lot 1): 5,299 shares at $19.08
Shares sold (lot 2): 1,885 shares at $19.07
Total shares sold: 7,184 shares
+2 more
5 metrics
Shares sold (lot 1)
5,299 shares at $19.08
Class A Common Stock sale on May 20, 2026
Shares sold (lot 2)
1,885 shares at $19.07
Class A Common Stock sale on May 20, 2026
Total shares sold
7,184 shares
Net sales reported in transaction summary
Direct holdings after sale
1,483,867 shares
Class A Common Stock held directly after transactions
Indirect holdings by spouse
963,670 shares
Class A Common Stock held indirectly through spouse
Key Terms
automatic sale-to-cover instruction, Rule 10b5-1(c), beneficial ownership
3 terms
automatic sale-to-cover instruction financial
"The shares were sold to cover taxes associated with the settlement of stock units, pursuant to an automatic sale-to-cover instruction"
Rule 10b5-1(c) regulatory
"which award agreement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) was dated May 28, 2025"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Spire Global (SPIR) report for May 20, 2026?
Spire Global reported that Executive Chairman Peter Platzer sold 7,184 Class A shares on May 20, 2026. The sales occurred in two open-market trades at $19.08 and $19.07 per share, solely to cover taxes from stock unit settlements.
What are Peter Platzer’s Spire Global (SPIR) holdings after these transactions?
After the reported sales, Platzer holds 1,483,867 Class A shares directly. He is also reported to beneficially own 963,670 additional shares indirectly through his spouse, with the couple sharing beneficial ownership of each other’s securities.
How is Platzer’s indirect ownership in Spire Global (SPIR) described?
The filing notes 963,670 Class A shares held indirectly through his spouse. It states that Theresa Condor and Peter Platzer, as husband and wife, share beneficial ownership of the securities held by each other, reflecting combined economic exposure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
