Wade Brooke N. 4

What Happened

• Wade Brooke N., a director of Gran Tierra Energy Inc. (GTE), exercised stock options on 2026-03-25 to acquire 1,483 common shares. He paid $8.08 per share, for a total cash outlay of $11,983.
• The filing also reports the related derivative instrument (the options) as disposed at $0, which reflects conversion/termination of the options rather than a market sale of the shares.

Key Details

• Transaction date: 2026-03-25; Form 4 filed: 2026-03-27 (timely filing).
• Transaction codes: M = exercise/conversion of derivative.
• Acquired: 1,483 shares at $8.08 (total $11,983).
• Disposed: 1,483 derivative units at $0 (represents conversion of the options, not a sale).
• Shares owned after transaction: not reported in the provided filing.
• No footnotes (e.g., 10b5-1 plan or tax-withholding) were indicated in the provided data.

Context

• This was an option exercise (derivative conversion), not a sale of shares. The $0 disposal entry typically means the option was surrendered/converted into common stock rather than sold for cash.
• Purchases and exercises can be informative to investors, but they do not by themselves indicate future company performance.