Morin Sebastien 4
Research Summary
AI-generated summary
Gran Tierra (GTE) COO Sebastien Morin Receives 549 Shares
What Happened
- Sebastien Morin, Chief Operating Officer of Gran Tierra Energy Inc. (GTE), acquired 549 shares on February 2, 2026. The Form 4 reports the price as $5.55 per share, for a reported total value of $3,047 (U.S. dollars).
- This was an acquisition under the company’s Employee Stock Purchase Plan (ESPP), i.e., a purchase rather than a sale.
Key Details
- Transaction date: 2026-02-02; reported on Form 4 filed 2026-02-03 (timely filing).
- Shares acquired: 549 at $5.55 per share; reported total $3,047 (USD).
- Shares owned after transaction: not specified in the information provided in this summary.
- Footnotes: (1) Shares were acquired through the Gran Tierra Inc. Employee Stock Purchase Plan and the transaction was exempt under Rule 16b-3(d) and Rule 16b-3(c). (2) The purchase was transacted in Canadian dollars and converted to U.S. dollars for the filing.
Context
- This was a company-plan purchase (ESPP), a common way for insiders and employees to accumulate shares. Such purchases are treated as acquisitions on Form 4 but do not, by themselves, explain the insider’s motivations.
- The Rule 16b-3 exemptions cited in the filing are routine for ESPP and other approved employee-plan transactions and generally exempt these structured purchases from Section 16(b) short-swing profit recovery.