Spire Global (NYSE: SPIR) CEO logs tax-related sale of 41,712 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spire Global, Inc. Chief Executive Officer Theresa Condor reported an open-market sale of 41,712 shares of Class A common stock on February 20, 2026 at an average price of $8.53 per share. According to the disclosure, the shares were sold to cover taxes tied to stock unit settlements under an automatic sale-to-cover instruction in award agreements intended to satisfy Rule 10b5-1(c). After the sale, Condor directly owned 1,116,581 shares, and she and her husband, Peter Platzer, shared beneficial ownership of an additional 1,693,603 shares held indirectly by her spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 41,712 shares ($355,803)
Net Sell
2 txns
Insider
Condor Theresa
Role
Chief Executive Officer
Sold
41,712 shs ($356K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 41,712 | $8.53 | $356K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,116,581 shares (Direct);
Class A Common Stock — 1,693,603 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 February 4, 2022, April 14, 2023, February 27, 2024, May 28, 2025 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 did SPIR CEO Theresa Condor report in this Form 4 filing?
Theresa Condor reported selling 41,712 shares of Spire Global Class A common stock. The sale occurred on February 20, 2026, as an open-market transaction at an average price of $8.53 per share, primarily to cover taxes linked to vested stock units.
What is the significance of the Rule 10b5-1(c) reference in this SPIR Form 4?
The filing notes that the award agreements were intended to satisfy Rule 10b5-1(c) affirmative defense conditions. This indicates the tax-related share sales followed pre-established instructions, providing a structured framework for transactions and reducing concerns about opportunistic trading based on nonpublic information.