Form 4: Equinox Partners and Affiliates Significantly Boost Stake in Gran Tierra Energy

Equinox Partners Investment Management LLC and its affiliated funds, including a 10% owner and director, have substantially increased their beneficial ownership in Gran Tierra Energy Inc. through recent open market purchases.

Summary

• Equinox Partners Investment Management LLC, along with Sean M. Fieler (a director and manager of EPIM), Equinox Partners, L.P., Kuroto Fund LP, and Mason Hill Partners, LP, collectively increased their beneficial ownership in Gran Tierra Energy Inc. (GTE).
• On June 10, 2025, Equinox Partners, L.P. purchased 90,919 common shares at $4.80 per share, and a Managed Account purchased 90,920 common shares at $4.80 per share.
• On June 11, 2025, Equinox Partners, L.P. acquired an additional 50,050 common shares at $4.97 per share, and a Managed Account purchased another 50,050 common shares at $4.97 per share.
• In total, 281,939 common shares were acquired across these transactions.
• Following these transactions, the reporting persons' total indirect beneficial ownership in Gran Tierra Energy Inc. stands at 5,089,676 common shares, distributed among Equinox Partners, L.P. (2,159,676 shares), a Managed Account (2,047,421 shares), Kuroto Fund LP (538,700 shares), and Mason Hill Partners, LP (343,879 shares).

Sentiment

Score: 8

Explanation: The significant increase in beneficial ownership by a major investor and director indicates strong confidence in the company's future prospects, which is generally viewed very positively by the market.

Positives

• Significant insider buying by a 10% owner and director, indicating strong confidence in the company's future prospects.
• The purchases were made at varying price points, suggesting a strategic accumulation of shares.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance, focusing solely on insider transactions.

Management Comments

• Sean M. Fieler, as Manager of Equinox Partners Investment Management LLC, signed the filing on behalf of all reporting persons, indicating his oversight of these investment activities.

Industry Context

This filing reflects an investment decision by a significant shareholder and director within the energy sector, specifically for Gran Tierra Energy Inc., an oil and gas exploration and production company. While not directly tied to broader industry trends, significant insider buying can signal confidence in the company's specific assets or strategy within its operating environment.

Related Party Transactions

• The reported transactions involve Equinox Partners Investment Management LLC and its affiliated funds, which are 10% owners and include a director (Sean M. Fieler) of Gran Tierra Energy Inc. These purchases of common shares from the open market constitute related party transactions in the context of insider reporting.

Stakeholder Impact

• Shareholders: The increased stake by a significant investor and director may be perceived as a strong vote of confidence, potentially leading to increased investor interest and positive sentiment towards the stock.
• Management: The buying activity by a director could signal alignment with the company's strategic direction and performance.

Key Dates

Recommendation

Keywords

Gran Tierra Energy, GTE, Equinox Partners, insider buying, Form 4, beneficial ownership, equity purchase, investment management, director purchase, 10% owner