ENGEL ALISON K 4
Research Summary
AI-generated summary
Spire Global CFO Alison Engel Sells 12,702 Shares
What Happened
- Alison Engel, CFO of Spire Global (SPIR), sold 12,702 shares on 2026-05-20 at $19.08 per share, generating proceeds of roughly $242,354. The transaction is recorded as a sale (S) and was an open-market sale to cover taxes tied to the settlement of stock units.
Key Details
- Transaction date and price: 2026-05-20 at $19.08 per share.
- Total proceeds: approximately $242,354.
- Shares owned after transaction: not specified in the provided filing.
- Footnote: The shares were sold to cover taxes associated with the settlement of stock units under an automatic sale-to-cover instruction. The related award agreement (dated April 7, 2025) was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
- Timeliness: Form 4 was filed on 2026-05-22 for a 2026-05-20 transaction (filed within the typical 2-business-day window).
Context
- This sale was a routine tax-withholding sale tied to the settlement of equity awards (a common practice when restricted stock units or similar awards vest). Such "sale-to-cover" transactions are generally administrative and do not necessarily indicate the insider's broader view on the company's prospects.