Spire Global (SPIR) CFO sells shares to cover taxes
Rhea-AI Filing Summary
Spire Global, Inc. (SPIR) reported an insider transaction by Chief Financial Officer Alison K. Engel. On August 20, 2026, Engel sold 4,286 shares of Class A Common Stock at $14.09 per share to cover taxes associated with the settlement of stock units under an automatic sale-to-cover instruction in an award agreement intended to satisfy Rule 10b5-1(c). Following this tax-related sale, Engel directly held 261,552 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,286 shares
Net Sell
1 txn
Insider
ENGEL ALISON K
Role
Chief Financial Officer
Sold
4,286 shs ($60K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 4,286 | $14.09 | $60K |
Holdings After Transaction:
Class A Common Stock — 261,552 shares (Direct)
Footnotes (1)
- 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 April 7, 2025.
Key Figures
Shares sold: 4,286 shares of Class A Common Stock
Sale price per share: $14.09 per share
Shares held after transaction: 261,552 shares
+2 more
5 metrics
Shares sold
4,286 shares of Class A Common Stock
Sale on August 20, 2026 by CFO Alison K. Engel
Sale price per share
$14.09 per share
Price for the 4,286 shares sold on August 20, 2026
Shares held after transaction
261,552 shares
Direct holdings of Alison K. Engel following the sale
SellShares in period
4,286 shares
Total insider sellShares in the transaction summary
NetBuySellShares
-4,286 shares
Net insider share activity in this Form 4
Key Terms
Rule 10b5-1(c), automatic sale-to-cover instruction, stock units
3 terms
Rule 10b5-1(c) regulatory
"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.
automatic sale-to-cover instruction financial
"pursuant to an automatic sale-to-cover instruction in the applicable award"
stock units financial
"taxes associated with the settlement of stock units, pursuant to an"
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
FAQ
What insider transaction did SPIR report for CFO Alison K. Engel?
CFO Alison K. Engel sold 4,286 shares of Spire Global, Inc. Class A Common Stock on August 20, 2026 at $14.09 per share, in a transaction described as covering taxes from the settlement of stock units under an automatic sale-to-cover instruction.
Was the SPIR CFO’s sale made under a Rule 10b5-1 trading plan?
Yes. The filing states the sale was pursuant to an automatic sale-to-cover instruction in an award agreement that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), dated April 7, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.