What does the $4.07 per share figure represent in Jim Evans' Gran Tierra (GTE) filing?

The $4.07 per share amount is the settlement price used for the cash settlement of 76,162 performance share units disposed to the issuer. This price applies to the units settled on April 7, 2026, and is not a reported open-market trading price for Gran Tierra shares.

What is a performance share unit in the context of Gran Tierra (GTE) executive compensation?

A performance share unit is a compensation award that typically tracks the value of common stock and vests based on performance conditions. In this case, 76,162 performance share units vested and were cash settled, with the filing clarifying that no actual common shares were issued or sold.

Gran Tierra (NYSE: GTE) EVP cash-settles performance share units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

4/A

Rhea-AI Filing Summary

Gran Tierra Energy EVP Corporate Services Jim Evans reported compensation-related transactions involving performance share units. On April 7, 2026, 76,162 performance share units vested and were cash settled at $4.07 per unit, recorded as an exercise of a derivative security and a corresponding disposition to the issuer. A footnote clarifies that no common shares were issued or sold in connection with this settlement.

After these entries, Evans directly holds 48,514 shares of Gran Tierra Energy common stock, with an additional 3,200 shares held indirectly by his spouse. The filing reflects compensation settlement rather than open-market buying or selling of stock.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Evans Jim

Role EVP, Corporate Services

Type	Security	Shares	Price	Value
Exercise	Common Stock	76,162	$0.00	--
Disposition	Common Stock	76,162	$4.07	$310K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 124,686 shares (Direct); Common Stock — 3,200 shares (Indirect, By Spouse)

Footnotes (1)

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Key Figures

Performance share units vested: 76,162 units Cash settlement price: $4.07 per unit Direct common shares after settlement: 48,514 shares +2 more

5 metrics

Performance share units vested 76,162 units Vested and cash settled on April 7, 2026

Cash settlement price $4.07 per unit Settlement value for performance share units disposed to issuer

Direct common shares after settlement 48,514 shares Direct holdings of Jim Evans following reported transactions

Indirect common shares by spouse 3,200 shares Shares reported as held indirectly through spouse

Pre-disposition direct balance reference 124,686 shares Direct holdings figure tied to derivative exercise entry before cash settlement

Key Terms

performance share units, cash settlement, Disposition to issuer, indirect ownership

4 terms

cash settlement financial

"Represents the vesting and cash settlement of performance share units."

Cash settlement is a process where, instead of exchanging physical assets like stocks or commodities, the parties involved settle the difference in value with money after a contract ends. For investors, it simplifies transactions by avoiding the need to handle or deliver the actual asset, making it quicker and more convenient to complete trades. This method ensures a straightforward way to settle agreements based on their final value.

Disposition to issuer financial

"transaction_action":"issuer disposition","transaction_code_description":"Disposition to issuer"

indirect ownership financial

""direct_or_indirect":"I","nature_of_ownership":"By Spouse""

Form 4 Insider Transactions: What Each Field Means →

04/14/2026 - 04:48 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Evans Jim

(Last)

(First)

(Middle)

C/O GRAN TIERRA ENERGY INC.

500 CENTRE STREET SE

(Street)

CALGARY

T2G 1A6

(City)

(State)

(Zip)

ALBERTA, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
GRAN TIERRA ENERGY INC. [ GTE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Corporate Services

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
04/09/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/07/2026		M⁽¹⁾		76,162	A	$0.00	124,686	D
Common Stock	04/07/2026		D⁽¹⁾		76,162	D	$4.07	48,514	D
Common Stock								3,200	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the vesting and cash settlement of performance share units. No shares were issued or sold.

	/s/ Phillip Abraham, Attorney-In Fact	04/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Gran Tierra Energy (GTE) report for Jim Evans?

Gran Tierra reported that EVP Corporate Services Jim Evans had 76,162 performance share units vest and be cash settled at $4.07 per unit on April 7, 2026. The event was recorded as a derivative exercise and a disposition to the issuer, not an open-market stock trade.

Were any Gran Tierra Energy (GTE) shares bought or sold on the market in this Form 4/A?

No, the filing states the transaction represents vesting and cash settlement of performance share units, and explicitly notes that no common shares were issued or sold. The disposition entry reflects settlement with the issuer, not market purchases or sales of stock.

How many Gran Tierra Energy (GTE) shares does Jim Evans hold after this transaction?

Following the reported entries, Jim Evans directly holds 48,514 shares of Gran Tierra Energy common stock. The filing also shows an additional 3,200 shares held indirectly through his spouse, providing a combined view of his direct and indirect share ownership positions.

What does 'By Spouse' indirect ownership mean in the Gran Tierra (GTE) Form 4/A?

'By Spouse' indicates 3,200 Gran Tierra shares are held indirectly through Jim Evans’ spouse rather than in his own name. These shares are still reported in the Form 4/A to reflect his overall economic interest, separate from the 48,514 shares he owns directly.