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STOCK TITAN

[Form 4] Gran Tierra Energy Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Gran Tierra Energy Inc. (GTE) â€� Form 4 insider transaction

On 07/01/2025, director Ronald Royal exercised 1,970 stock options at an exercise price of $3.50 per share (Code M) and immediately sold the same 1,970 common shares on the open market at an average price of $4.78 (Code D). Following the sale, the reporting person holds no common shares directly, but retains 15,648 options with a $3.50 strike price.

The size of the transaction is modest and represents a routine option exercise-and-sale for liquidity. No derivatives were newly granted or cancelled, and there is no indication of broader strategic intent. The filing does, however, register a full disposition of the shares received, which some investors may view as a slight negative sentiment signal, albeit immaterial in scale relative to GTE’s float.

Gran Tierra Energy Inc. (GTE) � Transazione interna Form 4

Il 01/07/2025, il direttore Ronald Royal ha esercitato 1.970 opzioni su azioni ad un prezzo di esercizio di 3,50 $ per azione (Codice M) e ha immediatamente venduto le stesse 1.970 azioni ordinarie sul mercato aperto ad un prezzo medio di 4,78 $ (Codice D). Dopo la vendita, la persona segnalante non detiene azioni ordinarie direttamente, ma conserva 15.648 opzioni con prezzo di esercizio di 3,50 $.

La dimensione della transazione è modesta e rappresenta un esercizio e vendita di opzioni di routine per motivi di liquidità. Non sono stati concessi o cancellati nuovi derivati e non vi è alcuna indicazione di un intento strategico più ampio. Tuttavia, la comunicazione registra una completa cessione delle azioni ricevute, che alcuni investitori potrebbero interpretare come un segnale leggermente negativo, sebbene di entità irrilevante rispetto al flottante di GTE.

Gran Tierra Energy Inc. (GTE) � Transacción interna Formulario 4

El 01/07/2025, el director Ronald Royal ±ðÂá±ð°ù³¦¾±Ã³ 1,970 opciones sobre acciones a un precio de ejercicio de $3.50 por acción (Código M) y vendió inmediatamente las mismas 1,970 acciones ordinarias en el mercado abierto a un precio promedio de $4.78 (Código D). Tras la venta, la persona informante no posee acciones ordinarias directamente, pero mantiene 15,648 opciones con un precio de ejercicio de $3.50.

El tamaño de la transacción es modesto y representa un ejercicio y venta rutinaria de opciones para obtener liquidez. No se otorgaron ni cancelaron derivados nuevos, y no hay indicios de una intención estratégica más amplia. Sin embargo, la presentación registra una disposición completa de las acciones recibidas, lo que algunos inversores podrían interpretar como una señal ligeramente negativa, aunque insignificante en relación con el flotante de GTE.

Gran Tierra Energy Inc. (GTE) � Form 4 내부� 거래

2025ë…� 7ì›� 1ì�, ì´ì‚¬ Ronald Royalê°€ 주당 3.50달러ì� 행사가격으ë¡� 1,970ì£� 스톡옵션ì� 행사(Code M)하고, 즉시 ë™ì¼í•� 1,970ì£¼ì˜ ë³´í†µì£�ë¥� 공개 시장ì—서 í‰ê·  4.78달러ì—� 매ë„(Code D)했습니다. ë§¤ë„ í›� ë³´ê³ ìžëŠ” ì§ì ‘ì ìœ¼ë¡� 보통주를 보유하지 않으ë©�, 행사가ê²� 3.50달러ì� 15,648ì£� 옵션ì� 보유하고 있습니다.

거래 규모ëŠ� 소규모ì´ë©� 유ë™ì„� 확보ë¥� 위한 ì¼ìƒì ì¸ 옵션 행사 ë°� 매ë„ì—� 해당합니ë‹�. 새로ìš� 파ìƒìƒí’ˆì� 부여ë˜ê±°ë‚˜ 취소ë˜ì§€ 않았으며, ë� ë„“ì€ ì „ëžµì � ì˜ë„ë� ë³´ì´ì§€ 않습니다. 다만, 제출ë� 보고서ì—ëŠ� 수령í•� 주ì‹ì� 전량 처분í•� ë‚´ìš©ì� í¬í•¨ë˜ì–´ 있어 ì¼ë¶€ 투ìžìžë“¤ì€ ì´ë¥¼ 다소 부정ì ì� 신호ë¡� ë³� ìˆ� 있으ë‚� GTE 유통 ì£¼ì‹ ìˆ˜ì— ë¹„í•´ 규모ëŠ� 미미합니ë‹�.

Gran Tierra Energy Inc. (GTE) � Transaction d’initié Formulaire 4

Le 01/07/2025, le directeur Ronald Royal a exercé 1 970 options d’achat d’actions à un prix d’exercice de 3,50 $ par action (Code M) et a immédiatement vendu les mêmes 1 970 actions ordinaires sur le marché ouvert à un prix moyen de 4,78 $ (Code D). Suite à la vente, la personne déclarant ne détient aucune action ordinaire directement, mais conserve 15 648 options avec un prix d’exercice de 3,50 $.

La taille de la transaction est modeste et représente un exercice et une vente d’options de routine pour des raisons de liquidité. Aucun dérivé n’a été nouvellement accordé ou annulé, et il n’y a aucune indication d’une intention stratégique plus large. Toutefois, le dépôt enregistre une cession complète des actions reçues, ce que certains investisseurs pourraient interpréter comme un léger signal négatif, bien que de faible importance par rapport au flottant de GTE.

Gran Tierra Energy Inc. (GTE) � Form 4 Insider-Transaktion

Am 01.07.2025 hat der Direktor Ronald Royal 1.970 Aktienoptionen zu einem Ausübungspreis von 3,50 $ pro Aktie (Code M) ausgeübt und unmittelbar dieselben 1.970 Stammaktien am offenen Markt zu einem Durchschnittspreis von 4,78 $ verkauft (Code D). Nach dem Verkauf hält die meldende Person keine Stammaktien direkt, behält jedoch 15.648 Optionen mit einem Ausübungspreis von 3,50 $.

Die Transaktionsgröße ist gering und stellt eine routinemäßige Ausübung und den Verkauf von Optionen zur Liquiditätsbeschaffung dar. Es wurden keine neuen Derivate gewährt oder storniert, und es gibt keine Hinweise auf eine übergeordnete strategische Absicht. Die Meldung verzeichnet jedoch eine vollständige Veräußerung der erhaltenen Aktien, was einige Investoren als leicht negatives Signal interpretieren könnten, wenn auch in Bezug auf den Streubesitz von GTE unerheblich.

Positive
  • Director retains 15,648 in-the-money options, maintaining future upside alignment with shareholders
Negative
  • Complete disposal of newly acquired shares may be interpreted as a mild negative sentiment signal

Insights

TL;DR small, routine insider sale; negligible impact on valuation.

The director’s paired option exercise and same-day sale involves fewer than 2 k shares—far below materiality thresholds for Gran Tierra. Proceeds (~$9.4 k) are unlikely to reflect a strategic view of the company’s prospects. Retention of 15.6 k options preserves upside alignment. Given GTE’s ~366 m shares outstanding, the sale equals <0.001% of float. I categorize the event as informationally neutral with limited signalling power.

Gran Tierra Energy Inc. (GTE) � Transazione interna Form 4

Il 01/07/2025, il direttore Ronald Royal ha esercitato 1.970 opzioni su azioni ad un prezzo di esercizio di 3,50 $ per azione (Codice M) e ha immediatamente venduto le stesse 1.970 azioni ordinarie sul mercato aperto ad un prezzo medio di 4,78 $ (Codice D). Dopo la vendita, la persona segnalante non detiene azioni ordinarie direttamente, ma conserva 15.648 opzioni con prezzo di esercizio di 3,50 $.

La dimensione della transazione è modesta e rappresenta un esercizio e vendita di opzioni di routine per motivi di liquidità. Non sono stati concessi o cancellati nuovi derivati e non vi è alcuna indicazione di un intento strategico più ampio. Tuttavia, la comunicazione registra una completa cessione delle azioni ricevute, che alcuni investitori potrebbero interpretare come un segnale leggermente negativo, sebbene di entità irrilevante rispetto al flottante di GTE.

Gran Tierra Energy Inc. (GTE) � Transacción interna Formulario 4

El 01/07/2025, el director Ronald Royal ±ðÂá±ð°ù³¦¾±Ã³ 1,970 opciones sobre acciones a un precio de ejercicio de $3.50 por acción (Código M) y vendió inmediatamente las mismas 1,970 acciones ordinarias en el mercado abierto a un precio promedio de $4.78 (Código D). Tras la venta, la persona informante no posee acciones ordinarias directamente, pero mantiene 15,648 opciones con un precio de ejercicio de $3.50.

El tamaño de la transacción es modesto y representa un ejercicio y venta rutinaria de opciones para obtener liquidez. No se otorgaron ni cancelaron derivados nuevos, y no hay indicios de una intención estratégica más amplia. Sin embargo, la presentación registra una disposición completa de las acciones recibidas, lo que algunos inversores podrían interpretar como una señal ligeramente negativa, aunque insignificante en relación con el flotante de GTE.

Gran Tierra Energy Inc. (GTE) � Form 4 내부� 거래

2025ë…� 7ì›� 1ì�, ì´ì‚¬ Ronald Royalê°€ 주당 3.50달러ì� 행사가격으ë¡� 1,970ì£� 스톡옵션ì� 행사(Code M)하고, 즉시 ë™ì¼í•� 1,970ì£¼ì˜ ë³´í†µì£�ë¥� 공개 시장ì—서 í‰ê·  4.78달러ì—� 매ë„(Code D)했습니다. ë§¤ë„ í›� ë³´ê³ ìžëŠ” ì§ì ‘ì ìœ¼ë¡� 보통주를 보유하지 않으ë©�, 행사가ê²� 3.50달러ì� 15,648ì£� 옵션ì� 보유하고 있습니다.

거래 규모ëŠ� 소규모ì´ë©� 유ë™ì„� 확보ë¥� 위한 ì¼ìƒì ì¸ 옵션 행사 ë°� 매ë„ì—� 해당합니ë‹�. 새로ìš� 파ìƒìƒí’ˆì� 부여ë˜ê±°ë‚˜ 취소ë˜ì§€ 않았으며, ë� ë„“ì€ ì „ëžµì � ì˜ë„ë� ë³´ì´ì§€ 않습니다. 다만, 제출ë� 보고서ì—ëŠ� 수령í•� 주ì‹ì� 전량 처분í•� ë‚´ìš©ì� í¬í•¨ë˜ì–´ 있어 ì¼ë¶€ 투ìžìžë“¤ì€ ì´ë¥¼ 다소 부정ì ì� 신호ë¡� ë³� ìˆ� 있으ë‚� GTE 유통 ì£¼ì‹ ìˆ˜ì— ë¹„í•´ 규모ëŠ� 미미합니ë‹�.

Gran Tierra Energy Inc. (GTE) � Transaction d’initié Formulaire 4

Le 01/07/2025, le directeur Ronald Royal a exercé 1 970 options d’achat d’actions à un prix d’exercice de 3,50 $ par action (Code M) et a immédiatement vendu les mêmes 1 970 actions ordinaires sur le marché ouvert à un prix moyen de 4,78 $ (Code D). Suite à la vente, la personne déclarant ne détient aucune action ordinaire directement, mais conserve 15 648 options avec un prix d’exercice de 3,50 $.

La taille de la transaction est modeste et représente un exercice et une vente d’options de routine pour des raisons de liquidité. Aucun dérivé n’a été nouvellement accordé ou annulé, et il n’y a aucune indication d’une intention stratégique plus large. Toutefois, le dépôt enregistre une cession complète des actions reçues, ce que certains investisseurs pourraient interpréter comme un léger signal négatif, bien que de faible importance par rapport au flottant de GTE.

Gran Tierra Energy Inc. (GTE) � Form 4 Insider-Transaktion

Am 01.07.2025 hat der Direktor Ronald Royal 1.970 Aktienoptionen zu einem Ausübungspreis von 3,50 $ pro Aktie (Code M) ausgeübt und unmittelbar dieselben 1.970 Stammaktien am offenen Markt zu einem Durchschnittspreis von 4,78 $ verkauft (Code D). Nach dem Verkauf hält die meldende Person keine Stammaktien direkt, behält jedoch 15.648 Optionen mit einem Ausübungspreis von 3,50 $.

Die Transaktionsgröße ist gering und stellt eine routinemäßige Ausübung und den Verkauf von Optionen zur Liquiditätsbeschaffung dar. Es wurden keine neuen Derivate gewährt oder storniert, und es gibt keine Hinweise auf eine übergeordnete strategische Absicht. Die Meldung verzeichnet jedoch eine vollständige Veräußerung der erhaltenen Aktien, was einige Investoren als leicht negatives Signal interpretieren könnten, wenn auch in Bezug auf den Streubesitz von GTE unerheblich.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Royal Ronald

(Last) (First) (Middle)
C/O GRAN TIERRA ENERGY INC.
500 CENTRE STREET S.E.

(Street)
CALGARY A0 T2G 1A6

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GRAN TIERRA ENERGY INC. [ GTE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/01/2025 M 1,970 A $3.5 1,970 D
Common Stock 07/01/2025 D 1,970 D $4.78 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to buy) $3.5 07/01/2025 M 1,970 06/30/2025 06/30/2025 Common Stock 1,970 $0 15,648 D
Explanation of Responses:
/s/ Phillip Abraham, Attorney-In Fact 07/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Gran Tierra (GTE) shares did the director sell?

Ronald Royal sold 1,970 common shares on 07/01/2025.

What price did the insider receive for the GTE shares?

The shares were sold at an average price of $4.78 each.

Did the insider retain any common shares after the transaction?

No. After selling, the reporting person directly owns 0 common shares.

How many stock options does the insider still hold?

He retains 15,648 options with a $3.50 strike price.

Is this transaction significant for Gran Tierra investors?

Given the small share count (1,970), the filing is considered immaterial to GTE’s valuation.
Gran Tierra Energy

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