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

Gran Tierra Energy Inc.'s Chief Operating Officer, Sebastien Morin, acquired 502 shares of common stock through the company's Employee Stock Purchase Plan.

Summary

• Sebastien Morin, Chief Operating Officer of Gran Tierra Energy Inc. (GTE), acquired 502 shares of the company's common stock.
• The transaction occurred on June 17, 2025, with shares purchased at a price of $6.11 per share, converted from Canadian currency.
• These shares were acquired through the Gran Tierra Inc. Employee Stock Purchase Plan (ESPP).
• Following this acquisition, Mr. Morin directly beneficially owns a total of 21,218 shares of Gran Tierra Energy Inc. common stock.
• The acquisition is exempt from Section 16(b) short-swing profit rules under SEC Rules 16b-3(d) and 16b-3(c).

Sentiment

Score: 7

Explanation: The acquisition of shares by a key executive, even a relatively small amount, through an employee stock purchase plan generally indicates confidence in the company's future prospects.

Positives

• Chief Operating Officer Sebastien Morin increased his direct ownership in Gran Tierra Energy Inc. by acquiring 502 shares.
• The acquisition was made through an Employee Stock Purchase Plan, indicating participation in a company-sponsored program and potentially signaling insider confidence.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Management Comments

• Chief Operating Officer Sebastien Morin acquired 502 shares of common stock through the Gran Tierra Inc. Employee Stock Purchase Plan.

Industry Context

This Form 4 filing reports a routine insider transaction, which typically reflects an individual executive's investment decision rather than broader industry trends. However, insider purchases can be viewed as a sign of confidence in the company's prospects within the energy sector.

Related Party Transactions

• Acquisition of 502 common shares by Chief Operating Officer Sebastien Morin through the Gran Tierra Inc. Employee Stock Purchase Plan.

Stakeholder Impact

• Shareholders: May interpret the insider purchase as a positive signal of management's confidence in the company's future.
• Employees: Highlights the company's Employee Stock Purchase Plan as a mechanism for employee share ownership.

Key Dates

Recommendation

Keywords

Gran Tierra Energy, GTE, Sebastien Morin, insider transaction, Form 4, stock acquisition, employee stock purchase plan, COO