Form 4: Gran Tierra Energy CEO Acquires Shares Through Employee Stock Purchase Plan

Gran Tierra Energy Inc.'s President and CEO, Gary Guidry, acquired 703 shares of common stock through an employee stock purchase plan, increasing his total beneficial ownership to 486,775 shares.

Summary

• Gary Guidry, President and CEO, and a Director of Gran Tierra Energy Inc. (GTE), acquired 703 shares of the company's common stock.
• The transaction occurred on June 17, 2025, and was executed through the Gran Tierra Inc. Employee Stock Purchase Plan (ESPP).
• The shares were acquired at a price of $6.11 per share, which was converted from Canadian currency.
• Following this acquisition, Mr. Guidry's total beneficial ownership of Gran Tierra Energy common stock stands at 486,775 shares.
• The transaction is exempt under SEC Rules 16b-3(d) and 16b-3(c), indicating it is a routine, pre-planned acquisition under an employee benefit plan.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 6

Explanation: The sentiment is mildly positive due to an insider acquisition, which generally signals confidence. However, its routine nature as an ESPP and 10b5-1 transaction limits its impact on overall sentiment.

Positives

• The acquisition of shares by a key executive like the President and CEO, Gary Guidry, can signal management's confidence in the company's future prospects.
• Participation in the Employee Stock Purchase Plan demonstrates alignment of management's interests with those of shareholders.

Future Outlook

The document does not provide specific forward-looking statements or guidance regarding the company's future performance or strategic direction beyond the details of the insider transaction.

Industry Context

Insider purchases, particularly by top executives, are generally viewed by the market as a positive signal, indicating management's belief in the company's undervaluation or strong future performance. This transaction, being part of an Employee Stock Purchase Plan and a Rule 10b5-1 plan, suggests a routine, pre-scheduled acquisition rather than a discretionary market purchase.

Related Party Transactions

• The acquisition of shares through the Gran Tierra Inc. Employee Stock Purchase Plan can be considered a related-party transaction as it involves an executive purchasing shares directly from the company under an established employee benefit program.

Stakeholder Impact

• Shareholders: The acquisition by the CEO may be perceived as a positive sign of management confidence, potentially bolstering investor sentiment.
• Employees: The transaction highlights the availability and utilization of the Employee Stock Purchase Plan, which is a benefit for eligible employees.

Key Dates

Keywords

Gran Tierra Energy, GTE, SEC Form 4, Insider Transaction, Stock Purchase, Gary Guidry, CEO, Director, Employee Stock Purchase Plan, ESPP, Rule 10b5-1