Spire Global (NYSE: SPIR) CTO sells shares to cover taxes
Rhea-AI Filing Summary
Spire Global, Inc. (SPIR) reported that Chief Technology Officer Johann Gabriel Oehme sold 2,989 shares of Class A Common Stock on August 20, 2026 at $14.09 per share. According to the filing, the shares were sold automatically to cover taxes upon settlement of stock units under an award agreement designed to meet Rule 10b5-1(c) conditions. After this tax-related sale, Oehme beneficially holds 215,107 shares directly.
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Insider Trade Summary 10b5-1
Net Seller: 2,989 shares
Net Sell
1 txn
Insider
Oehme Johann Gabriel
Role
Chief Technology Officer
Sold
2,989 shs ($42K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 2,989 | $14.09 | $42K |
Holdings After Transaction:
Class A Common Stock — 215,107 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 February 4, 2025.
Key Figures
Shares sold: 2,989 shares
Sale price per share: $14.09 per share
Shares owned after transaction: 215,107 shares
+2 more
5 metrics
Shares sold
2,989 shares
Class A Common Stock sold on August 20, 2026
Sale price per share
$14.09 per share
Price for the 2,989 shares sold
Shares owned after transaction
215,107 shares
Directly owned Class A Common Stock following the sale
Net shares sold
2,989 shares
Net sell direction in transaction summary
Rule 10b5-1(c) plan date
February 4, 2025
Date of award agreement intended to satisfy Rule 10b5-1(c) conditions
Key Terms
Rule 10b5-1(c), automatic sale-to-cover instruction, stock units
3 terms
Rule 10b5-1(c) regulatory
"award agreement 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 agreement"
stock units financial
"taxes associated with the settlement of stock units, pursuant to an automatic"
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 disclose for Johann Gabriel Oehme?
Spire Global, Inc. disclosed that CTO Johann Gabriel Oehme sold 2,989 shares of Class A Common Stock on August 20, 2026 at $14.09 per share, in a transaction described as a sale in the open market or a private transaction.
Was the SPIR insider sale by Oehme under a Rule 10b5-1 trading plan?
Yes. The transaction is indicated as under a Rule 10b5-1 plan, and the footnote explains the award agreement was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), dated February 4, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.