Spire Global (SPIR) CEO Theresa Condor Sells 22,502 Shares
$SPIR · Spire Global, Inc.Research Summary
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Spire Global (SPIR) CEO Theresa Condor Sells 22,502 Shares
What Happened
Theresa Condor, Chief Executive Officer of Spire Global (SPIR), sold 22,502 shares on August 20, 2026 at $14.09 per share, generating proceeds of approximately $317,053. The filing classifies the transaction as a sale (S) and reflects the shares were disposed to satisfy tax obligations tied to the settlement of stock units.
Key Details
- Transaction date and price: 2026-08-20 — 22,502 shares at $14.09 each.
- Total proceeds: ~$317,053.
- Shares owned after transaction: not specified in the provided filing.
- Footnote F1: Shares were sold to cover taxes associated with settlement of stock units under an automatic sale‑to‑cover instruction; related award agreements (dated April 14, 2023 and May 28, 2025) were intended to satisfy the affirmative defense conditions of Rule 10b5‑1(c).
- Footnote F2: Theresa Condor and Peter Platzer (her husband) share beneficial ownership of the securities held by each other.
- Filing timing: Form 4 filed 2026-08-24 for a 2026-08-20 transaction. Form 4s are normally due within two business days of the transaction; this filing appears later than the typical reporting window.
Context
This was a sale to cover tax withholding on stock unit settlement (a common, administrative reason for insider sales) rather than an open-market investment decision. Such sell-to-cover transactions are routine and do not necessarily signal a change in the insider’s view of the company. The filing notes use of an automatic sale-to-cover mechanism and references award agreements and 10b5‑1(c) planning.