Condor Theresa 4

What Happened

• Theresa Condor, CEO of Spire Global (SPIR), reported a series of sales (open-market/private) that disposed of 125,866 shares across multiple dates from May 20, 2024 to Jan 21, 2026. The transactions ranged from $7.59 to $12.45 per share and total approximately $1,126,487. These sales were routine tax-withholding "sale-to-cover" transactions tied to the settlement of restricted stock units (RSUs), not open-market purchases that would signal a buy.

Key Details

• Individual transactions (date: shares @ price ≈ proceeds):
  • 2024-05-20: 18,474 @ $8.74 ≈ $161,463
  • 2025-05-22: 21,933 @ $11.44 ≈ $250,914
  • 2025-06-25: 1,204 @ $9.92 ≈ $11,944
  • 2025-07-21: 1,201 @ $12.45 ≈ $14,952
  • 2025-08-21: 39,112 @ $8.66 ≈ $338,710
  • 2025-09-22: 1,208 @ $10.42 ≈ $12,587
  • 2025-10-21: 1,212 @ $12.02 ≈ $14,568
  • 2025-11-21: 39,119 @ $7.59 ≈ $296,913
  • 2025-12-22: 1,202 @ $8.24 ≈ $9,904
  • 2026-01-21: 1,201 @ $12.10 ≈ $14,532
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes: the sales were automatic sale-to-cover transactions to satisfy tax withholding on RSU settlements. Related award agreements are noted as intended to satisfy the affirmative defense under Rule 10b5-1(c) (dates cited: Feb 4, 2022; Apr 14, 2023; Mar 7, 2024; and May 28, 2025).
• Beneficial ownership: Theresa Condor and Peter Platzer (her spouse) share beneficial ownership of securities held by each other.
• Timeliness: The Form 4 was filed April 10, 2026 while the reporting period begins May 20, 2024; this appears to be a late filing (Form 4s are normally due within two business days of the transaction), which delays public visibility into these trades.

Context

• These were tax-withholding sales tied to RSU settlements (i.e., shares sold automatically to cover taxes), which are routine and do not necessarily indicate the insider’s view of the company. The filing references 10b5-1 plan language, meaning some trades were executed under pre-authorized arrangements. For retail investors, purchases by insiders generally attract more attention than routine sale-to-cover transactions.