Spire Global (NYSE: SPIR) CEO logs small tax-related share sale
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 1,201 shares of Class A Common Stock at $12.86 per share. The shares were sold to cover taxes tied to restricted stock unit settlement under an automatic sale-to-cover instruction pursuant to an award agreement intended to satisfy Rule 10b5-1(c). After the sale, she held 1,115,380 shares directly and 1,691,802 shares indirectly through her spouse, with shared beneficial ownership of each other’s holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,201 shares ($15,445)
Net Sell
2 txns
Insider
Condor Theresa
Role
Chief Executive Officer
Sold
1,201 shs ($15K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,201 | $12.86 | $15K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,115,380 shares (Direct);
Class A Common Stock — 1,691,802 shares (Indirect, By Spouse)
Footnotes (1)
- The shares were sold to cover taxes associated with the settlement of restricted 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 May 28, 2025. Theresa Condor and Peter Platzer, as husband and wife, share beneficial ownership of the securities held by each other.
FAQ
What insider transaction did SPIR CEO Theresa Condor report?
Theresa Condor reported an open-market sale of 1,201 shares of Spire Global Class A Common Stock at $12.86 per share. The filing shows this sale was tied to tax obligations from restricted stock unit settlement.
How is Theresa Condor’s indirect ownership in SPIR structured?
Indirect ownership arises from shares held by her spouse, totaling 1,691,802 Class A shares after the transaction. The filing states that Theresa Condor and Peter Platzer, as husband and wife, share beneficial ownership of the securities held by each other.
Does the Form 4 indicate large insider selling in SPIR stock?
The Form 4 reports a sale of 1,201 shares to cover tax obligations from restricted stock units. Compared to over a million shares held directly and additional indirect holdings, the reported sale represents only a small portion of the overall position.