Condor Theresa 4

What Happened
Theresa Condor, CEO of Spire Global, sold a total of 24,644 shares in two open-market transactions on May 20, 2026. She disposed of 19,596 shares at $19.07 ($373,696) and 5,048 shares at $19.08 ($96,316), for a combined proceeds of $470,012. These sales were executed to satisfy tax withholding obligations tied to the settlement of stock units and are routine tax-withholding "sale-to-cover" transactions rather than discretionary sell-offs.

Key Details

• Transaction dates and prices: 2026-05-20 — 19,596 shares @ $19.07; 5,048 shares @ $19.08.
• Total shares sold: 24,644; Total proceeds: $470,012.
• Purpose/footnotes: Sales made to cover taxes on settled stock units under automatic sale-to-cover instructions. Related award agreements intended to satisfy Rule 10b5-1(c) affirmative defense dated April 14, 2023 and May 28, 2025.
• Beneficial ownership note: Theresa Condor and Peter Platzer (her husband) share beneficial ownership of securities held by each other (footnote).
• Filing: Form 4 filed 2026-05-22 reporting the 2026-05-20 transactions — appears to be timely (filed within the usual two-business-day window).
• Shares owned after transaction: Not specified in the provided excerpt; see the full Form 4 for total beneficial holdings.

Context

• These were tax-withholding sale-to-cover transactions (routine, labeled in Form 4 footnotes) rather than purchases or voluntary market sales intended to express a view on the company. Such transactions are common when restricted stock units or similar awards vest and taxes are due.
• The mention of award agreements and intended compliance with Rule 10b5-1(c) indicates the sales were executed under pre-established procedures designed to avoid insider trading concerns.