Condor Theresa 4

What Happened
Theresa Condor, CEO of Spire Global (SPIR), exercised stock options on June 12, 2026 to acquire 21,941 shares of Class A common stock. The exercises involved strikes of $7.04 and $7.84 (total cash paid $155,563). The issuer withheld 14,423 shares to satisfy exercise price and tax withholding obligations, valued at $262,931, leaving Condor with a net issuance of 7,518 shares. The exercise transactions are coded M (option exercise) and the withholding is coded F (payment of exercise price/tax liability).

Key Details

• Transaction date: 2026-06-12; Form 4 filed: 2026-06-16 (filed within the two-business-day window).
• Options exercised: 2,285 @ $7.04; 18,282 @ $7.04; 554 @ $7.84; 820 @ $7.84 — total shares acquired 21,941; total cash paid for exercises $155,563.
• Shares withheld: 14,423 shares at $18.23 used to cover exercise/tax obligations, valued at $262,931 (footnote F1 explains issuer withheld shares).
• Net new shares issued to insider: 21,941 − 14,423 = 7,518 shares.
• Footnotes: F1 = issuer withheld shares to satisfy obligations; F2 = Ms. Condor shares beneficial ownership with spouse Peter Platzer; F3 = the option exercised is fully vested and exercisable.
• Shares owned after the transaction: not reported in the provided data.

Context

• This was an option exercise with withholding (a common "cashless" feature where the company retains shares instead of receiving cash for taxes/exercise costs). The M code indicates option exercise; the F code indicates share withholding to satisfy obligations.
• These transactions are routine executive exercises and withholding actions; they do not by themselves indicate the insider’s view on future stock performance.