Ellson Ryan 4

What Happened

• Ryan Ellson, Chief Financial Officer of Gran Tierra Energy Inc. (GTE), had 130,500 performance share units vest and be cash-settled on April 7, 2026. The Form 4 shows an exercise/conversion entry (code M) at $0.00 and an immediate disposition to the issuer (code D) at $5.59 per share, yielding $729,495 in cash. This was a compensation-related cash settlement, not an open-market sale of shares.

Key Details

• Transaction date: 2026-04-07
• Conversion (code M): 130,500 units acquired at $0.00 per share
• Disposition to issuer (code D): 130,500 shares disposed at $5.59 per share = $729,495
• Footnote: F1 — Represents vesting and cash settlement of performance share units; no shares were issued or sold.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing date: 2026-04-09 — appears timely (filed within the typical Form 4 reporting window).

Context

• This was a cash settlement of performance share units (PSUs): units vested and were converted into a cash payment rather than issued as shares. Such transactions are routine compensation events and do not necessarily signal an insider trading view of the company’s prospects. Because no shares were sold into the market, the company’s share float was not affected.