Form 4: Gran Tierra Energy Insider Buys $284K in Shares

Equinox Partners Investment Management and affiliated funds, including director Sean M. Fieler, purchased 66,180 shares of Gran Tierra Energy common stock for approximately $284,000.

Summary

• Equinox Partners Investment Management LLC and affiliated entities, including director Sean M. Fieler, reported purchases of Gran Tierra Energy Inc. (GTE) common shares.
• On November 18, 2025, Equinox Partners, L.P. acquired 8,945 shares at $4.23 per share, and a Managed Account acquired 26,835 shares at $4.23 per share.
• On November 19, 2025, Equinox Partners, L.P. acquired 7,600 shares at $4.36 per share, and a Managed Account acquired 22,800 shares at $4.36 per share.
• The total number of shares purchased across these transactions was 66,180.
• The total value of these purchases amounted to approximately $283,903.40.
• Following these transactions, Equinox Partners, L.P. indirectly beneficially owns 2,543,910 shares, the Managed Account indirectly owns 2,465,673 shares, Kuroto Fund LP indirectly owns 659,996 shares, and Mason Hill Partners, LP indirectly owns 550,317 shares.
• The reporting persons, including Sean M. Fieler, are identified as both a Director and a 10% Owner of Gran Tierra Energy Inc.

Sentiment

Score: 8

Explanation: The significant insider buying by a director and 10% owner, totaling nearly $284,000, indicates strong confidence in the company's valuation and future prospects. This is generally a very positive signal for investors.

Positives

• Significant insider buying by a director and 10% owner, Equinox Partners Investment Management LLC and its affiliated funds, totaling 66,180 shares.
• The purchases, valued at approximately $283,903.40, indicate confidence in the company's future prospects from a major stakeholder.
• The transactions were made at prices of $4.23 and $4.36 per share, suggesting a belief that the current stock price represents a good value.

Future Outlook

The filing does not contain specific forward-looking statements or guidance, but the insider purchases may signal a positive outlook from key stakeholders.

Management Comments

• Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
• The filing of this Form 4 shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer he or it does not directly own.

Industry Context

Insider buying by a significant shareholder and director in the energy sector, such as Gran Tierra Energy, can be interpreted as a positive signal, especially if the company operates in a volatile commodity market. It suggests that those with deep knowledge of the company and its industry believe the stock is undervalued or has strong future prospects, potentially indicating confidence in future oil and gas prices or company-specific operational improvements.

Related Party Transactions

• Equinox Partners Investment Management LLC, as an investment advisor, and Sean M. Fieler, as its president and a director of Gran Tierra Energy, are considered related parties to the affiliated funds (Equinox Partners, L.P., Kuroto Fund LP, and Mason Hill Partners, LP) that executed the share purchases.
• The transactions involve a director and 10% owner of Gran Tierra Energy Inc. purchasing shares of the company.

Stakeholder Impact

• Shareholders: Existing shareholders may view the insider buying as a positive signal, potentially increasing confidence in the stock and its future performance.
• Management/Employees: May boost morale and reinforce belief in the company's strategic direction.

Key Dates

Recommendation

The substantial insider buying by a director and 10% owner, Equinox Partners Investment Management LLC and its affiliated funds, signals strong conviction in Gran Tierra Energy's valuation and future prospects. Insider purchases, especially of this magnitude, are often interpreted by seasoned investors as a bullish indicator, suggesting that those with the most intimate knowledge of the company believe the stock is undervalued or poised for growth. This action provides a compelling reason to consider a 'buy' recommendation, as it aligns the interests of significant stakeholders with those of public shareholders.

Keywords

Gran Tierra Energy, GTE, SEC Form 4, Insider Trading, Stock Purchase, Equinox Partners, Sean M. Fieler, Beneficial Ownership, Director Purchase, 10% Owner