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Gran Tierra (GTE) EVP reports 76,162 cash-settled PSUs, no share sale

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

GRAN TIERRA ENERGY INC. executive vice president of corporate services Jim Evans reported the vesting and cash settlement of 76,162 performance share units on April 7, 2026. According to the footnote, no shares were issued or sold in connection with this event. After these entries, he holds 48,514 common shares directly and 3,200 common shares indirectly through his spouse.

Positive

  • None.

Negative

  • None.
Insider Evans Jim
Role EVP, Corporate Services
Type Security Shares Price Value
Exercise Common Stock 76,162 $0.00 --
Disposition Common Stock 76,162 $5.59 $426K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 124,686 shares (Direct); Common Stock — 3,200 shares (Indirect, By Spouse)
Footnotes (1)
  1. [object Object]
Performance share units vested 76,162 units Vesting and cash settlement on April 7, 2026
Disposition reference price $5.59 per share Value shown for 76,162-share disposition to issuer
Direct common shares after entries 48,514 shares Direct holdings following April 7, 2026 transactions
Indirect common shares by spouse 3,200 shares Indirect ownership reported as By Spouse
performance share units financial
"Represents the vesting and cash settlement of performance share units."
Performance share units are a type of company stock award given to employees that depend on the company meeting specific goals or targets. If these goals are achieved, the employee receives shares or the value of shares; if not, they may receive little or no compensation. This aligns employees’ interests with the company's success and encourages performance that benefits investors.
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
indirect ownership financial
""direct_or_indirect": "I", "nature_of_ownership": "By Spouse""
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
SEC Form 4
FORM 4UNITED 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)
CALGARYT2G 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)
Director10% Owner
XOfficer (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)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock04/07/2026M(1)76,162A$0.00124,686D
Common Stock04/07/2026D(1)76,162D$5.5948,514D
Common Stock3,200IBy 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
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 Fact04/09/2026
** Signature of Reporting PersonDate
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)

FAQ

What did Gran Tierra Energy (GTE) EVP Jim Evans report on this Form 4?

Jim Evans reported the vesting and cash settlement of 76,162 performance share units on April 7, 2026. A footnote clarifies that no shares were issued or sold, indicating a cash-settled compensation event rather than a market trade.

Were any Gran Tierra Energy (GTE) shares bought or sold by Jim Evans?

The filing indicates no shares were issued or sold when 76,162 performance share units vested and were cash settled. The transactions are coded as a derivative exercise and disposition to the issuer, but the footnote confirms there were no market purchases or sales.

How many Gran Tierra Energy (GTE) shares does Jim Evans hold after the reported transactions?

After the reported entries, Jim Evans directly holds 48,514 common shares of Gran Tierra Energy. The filing also shows an additional 3,200 common shares held indirectly, reported as owned by his spouse.

What is the significance of the $5.59 price in Jim Evans’ Gran Tierra (GTE) Form 4?

One entry shows a $5.59 per-share value tied to a disposition to the issuer for 76,162 shares. However, the footnote explicitly states that the performance share units were cash settled and that no shares were issued or sold.

How is Jim Evans’ spouse’s Gran Tierra (GTE) share ownership reported?

The Form 4 discloses 3,200 common shares held indirectly, described as “By Spouse”. This indicates indirect ownership attributed to Jim Evans through his spouse, separate from his 48,514 directly held shares after the reported entries.