Condor Theresa 4
Research Summary
AI-generated summary
Spire Global (SPIR) CEO Theresa Condor Sells 1,201 Shares
What Happened
Theresa Condor, CEO of Spire Global, sold 1,201 shares in an open-market/automatic sale on March 20, 2026 at $12.86 per share, netting approximately $15,445. This was a sale (not a purchase) executed to cover taxes associated with the settlement of restricted stock units (RSUs), a routine administrative transaction rather than an opportunistic market trade.
Key Details
- Transaction date and price: 2026-03-20 — 1,201 shares sold at $12.86 per share (total ≈ $15,445). Transaction code: S (Sale).
- Reason/footnote: Sale was to cover taxes on RSU settlement under an automatic sale-to-cover instruction; the related award agreement (intended to satisfy Rule 10b5-1(c) affirmative defense conditions) is dated May 28, 2025.
- Beneficial ownership: Filing notes Theresa Condor and Peter Platzer (her husband) share beneficial ownership of securities held by each other.
- Filing date and timeliness: Form 4 filed 2026-03-24; filing appears timely (within the two-business-day window following the 3/20/2026 transaction).
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context
Sales to cover tax withholding on RSU settlements are common and are primarily administrative (they do not necessarily signal the insider's view of the company). The filing references an automatic plan/award agreement and a 10b5-1-related statement, indicating the sale was structured as part of a predetermined withholding/sale process.