SPIR insider Peter Platzer reports 117,236-share sale under 10b5-1
Rhea-AI Filing Summary
Spire Global (SPIR) Executive Chairman and Director Peter Platzer reported an insider sale. On 11/11/2025, he sold 117,236 shares of Class A common stock at a weighted-average price of $8.40, effected under a Rule 10b5-1 trading plan adopted on May 20, 2024. Following the transaction, he beneficially owns 1,476,164 shares directly. He also reports indirect beneficial ownership of 857,173 shares held by his spouse. The sales occurred in multiple trades within a price range of $8.28 to $8.56.
Positive
- None.
Negative
- None.
Insights
Routine 10b5-1 insider sale; neutral signal.
Peter Platzer sold 117,236 SPIR shares at a weighted-average price of $8.40 on 11/11/2025 under a pre-established Rule 10b5-1 plan adopted on May 20, 2024. Such plans automate trades to reduce discretion.
Post-transaction direct beneficial ownership is 1,476,164 shares, with an additional 857,173 shares reported as indirectly owned through a spouse. The filing lists a trade range of $8.28–$8.56 for the sale.
As a plan-based transaction, this is typically administrative rather than thesis-changing; actual impact depends on ongoing company performance and future disclosures.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 117,236 | $8.40 | $985K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Theresa Condor and Peter Platzer, as husband and wife, share beneficial ownership of the securities held by each other. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 20, 2024. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $8.28 to $8.56. The reporting person undertakes to provide to the issuer, any securityholder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
FAQ
What did SPIR’s Executive Chairman report on Form 4?
Was the SPIR insider sale under a Rule 10b5-1 plan?
Does the filing show any indirect SPIR ownership?