Form 4: Gran Tierra Energy Sees Significant Insider Share Purchases by 10% Owner Equinox Partners

Equinox Partners Investment Management LLC, a 10% owner and director of Gran Tierra Energy Inc., reported the purchase of 8,012 common shares at $5.01 per share, increasing its total beneficial ownership to over 5 million shares.

Summary

• Equinox Partners Investment Management LLC, along with affiliated entities Equinox Partners, L.P., Kuroto Fund LP, and Mason Hill Partners, LP, and individual Sean M. Fieler, collectively reported changes in beneficial ownership of Gran Tierra Energy Inc. (GTE) common shares.
• On June 12, 2025, Equinox Partners, L.P. and a Managed Account each purchased 4,006 common shares of Gran Tierra Energy Inc. at a price of $5.01 per share, totaling 8,012 shares acquired.
• Following these transactions, the beneficial ownership attributed to the reporting persons is 2,163,682 shares for Equinox Partners, L.P., 2,051,427 shares for the Managed Account, 538,700 shares for Kuroto Fund LP, and 343,879 shares for Mason Hill Partners, LP.
• The combined beneficial ownership of the reporting group, including Equinox Partners Investment Management LLC and Sean M. Fieler, totals 5,097,688 common shares of Gran Tierra Energy Inc.
• The reporting persons are identified as a Director and a 10% Owner of Gran Tierra Energy Inc.

Sentiment

Score: 8

Explanation: The purchase of shares by a significant 10% owner and director indicates strong confidence in the company's value and future prospects, which is a highly positive signal for investors.

Positives

• A significant 10% owner and director, Equinox Partners Investment Management LLC, increased its stake in Gran Tierra Energy Inc. by purchasing 8,012 common shares.
• Insider buying, especially by a large institutional investor and director, often signals confidence in the company's future prospects and valuation by those with intimate knowledge of the business.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance or outlook; it solely reports a change in beneficial ownership.

Management Comments

• Sean M. Fieler is identified as the Manager of Equinox Partners Investment Management LLC, which serves as the investment advisor to Equinox Partners, L.P., Kuroto Fund LP, and Mason Hill Partners, LP. By virtue of these relationships, Mr. Fieler may be deemed to beneficially own the securities held by the Funds.

Industry Context

This filing reflects an investment decision by a significant shareholder within the energy sector, indicating a specific view on Gran Tierra Energy Inc.'s valuation or prospects, rather than a broader industry trend.

Comparison to Industry Standards

• N/A for this document type, as a Form 4 primarily reports insider transactions and does not provide financial performance data for industry comparison.

Related Party Transactions

• The reported share purchases constitute related party transactions, as they involve a 10% owner and director (Equinox Partners Investment Management LLC and its affiliates) acquiring shares of the issuer.

Stakeholder Impact

• Shareholders may view this insider buying as a positive indicator, potentially increasing investor confidence and demand for the stock.
• The increased stake by a significant institutional investor could imply a more active role in corporate governance or strategic direction over time.

Key Dates

Recommendation

Keywords

Gran Tierra Energy, GTE, SEC Form 4, Insider Trading, Beneficial Ownership, Equinox Partners, Stock Purchase, Investment Management, Energy Sector