Form 4: Gran Tierra Energy EVP Acquires Shares via ESPP

Gran Tierra Energy's EVP of Corporate Services, Jim Evans, acquired 326 shares of common stock through an employee stock purchase plan.

Summary

• Jim Evans, EVP, Corporate Services of Gran Tierra Energy Inc., acquired 326 shares of common stock.
• The shares were acquired on December 30, 2025, at a price of $4.19 per share.
• The acquisition was made through the Gran Tierra Inc. Employee Stock Purchase Plan (ESPP).
• The transaction is exempt under SEC Rules 16b-3(d) and 16b-3(c).
• Following this transaction, Jim Evans directly owns 47,246 shares and indirectly owns 3,200 shares through his spouse.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive due to an executive increasing their stake in the company, albeit through a routine employee stock purchase plan. This indicates continued alignment of interests but is not a strong signal of new, significant positive developments.

Positives

• An executive's participation in an Employee Stock Purchase Plan (ESPP) demonstrates continued alignment of management interests with shareholder interests.
• The acquisition of additional shares, even a small amount, indicates confidence in the company's future prospects.

Future Outlook

NA

Industry Context

This transaction is a routine insider filing related to an employee stock purchase plan and does not provide specific insights into broader industry trends or competitive landscape beyond the individual's participation in the company's equity program.

Related Party Transactions

• The acquisition of shares through the Gran Tierra Inc. Employee Stock Purchase Plan (ESPP) is a transaction between the company and an executive, which is considered a related party transaction.

Stakeholder Impact

• Shareholders: The transaction shows continued alignment of executive interests with shareholders, potentially reinforcing confidence.
• Employees: The ESPP encourages employee ownership, aligning their interests with the company's performance.

Key Dates

Recommendation

This Form 4 filing details a routine acquisition of shares by an executive through an Employee Stock Purchase Plan. While it indicates continued alignment of management's interests with shareholders, it is not an open-market purchase and typically does not provide new, material information that would warrant a change in investment recommendation. The transaction is expected and does not suggest a significant shift in the company's outlook.

Keywords

Gran Tierra Energy, GTE, Jim Evans, EVP Corporate Services, SEC Form 4, Insider Trading, Stock Purchase, Employee Stock Purchase Plan, ESPP, Beneficial Ownership