Spire Global (SPIR) COO Celia Pelez Perez Sells 4,484 Shares

What Happened

• Celia Pelez Perez, Chief Operating Officer of Spire Global (SPIR), sold 4,484 shares on 2026-08-20 at $14.09 per share, for a total of $63,180. This was a sale (typically a routine transaction) reported on a Form 4 filed 2026-08-24.
• The filing characterizes the transaction as an open-market or private sale and indicates the sale was executed to satisfy tax obligations tied to the settlement of stock units.

Key Details

• Transaction date and price: 2026-08-20 at $14.09 per share.
• Shares sold: 4,484; Gross proceeds: $63,180.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The shares were sold to cover taxes associated with settlement of stock units under an automatic sale-to-cover instruction in the award agreement. That award agreement — dated January 6, 2025 — was intended to satisfy the affirmative defense conditions of SEC Rule 10b5-1(c).
• Filing date vs transaction date: Form filed 2026-08-24 for an 2026-08-20 transaction (the filing date is four days after the trade); consult the full Form 4 for any timeliness flag or explanation.

Context

• Sale-to-cover transactions are common when restricted stock units or similar awards vest: shares are sold automatically to pay required taxes and do not necessarily signal a change in an insider’s view of the company.
• Because this was a tax-withholding sale tied to an award agreement (with an intended 10b5-1 affirmative defense), it was a pre-planned administrative sale rather than a discretionary trade.