Form 4: Gran Tierra Director Exercises Stock Options

Gran Tierra Energy Inc. Director Brooke N. Wade exercised stock options to acquire 3,021 common shares at $3.60 per share.

Summary

• Brooke N. Wade, a Director of Gran Tierra Energy Inc. (GTE), acquired 3,021 shares of common stock.
• The transaction occurred on December 12, 2025, through the exercise of stock options at a price of $3.60 per share.
• This transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged purchase or sale of equity securities.
• Following the transaction, Brooke N. Wade directly beneficially owns 227,983 shares of common stock.
• Additionally, 8,917 derivative securities (stock options) remain beneficially owned directly by the reporting person.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director increasing their stake, even through option exercise, can signal confidence in the company's future, especially when pre-planned under a 10b5-1 plan.

Positives

• The Director's exercise of stock options increases their direct ownership in the company, which can be viewed as a sign of confidence in Gran Tierra Energy Inc.'s future.
• The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-planned and systematic approach to insider trading, which can reduce concerns about opportunistic timing.

Negatives

• None directly apparent from this Form 4 filing.

Risks

• None mentioned in this Form 4 filing.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

Insider transactions, such as the exercise of stock options by a director, are common across all industries and are closely monitored by investors for signals regarding management's confidence in the company's future prospects.

Comparison to Industry Standards

• Not applicable for this type of filing, as Form 4 reports individual insider transactions rather than company performance metrics that can be benchmarked against industry peers.

Related Party Transactions

• The transaction involves a director of Gran Tierra Energy Inc. acquiring company stock, which is a common type of related party transaction (insider trading).

Stakeholder Impact

• Shareholders may view the director's increased ownership as a positive signal of management's alignment with shareholder interests and confidence in the company's prospects.

Key Dates

Keywords

Gran Tierra Energy, GTE, Form 4, Insider Transaction, Stock Options, Director, Equity Acquisition, 10b5-1 Plan