Form 4: Gran Tierra Energy Sees Significant Insider Share Purchases by Equinox Partners and Affiliates

Equinox Partners Investment Management LLC and its affiliated funds, including a 10% owner and director, have significantly increased their beneficial ownership in Gran Tierra Energy Inc. through recent open market share purchases.

Summary

• Equinox Partners Investment Management LLC, along with its affiliated funds Equinox Partners, L.P., Kuroto Fund LP, and Mason Hill Partners, LP, and director Sean M. Fieler, collectively increased their beneficial ownership in Gran Tierra Energy Inc. (GTE).
• On June 6, 2025, a Managed Account acquired 15,000 common shares at $4.81 per share, bringing its beneficial ownership to 1,897,231 shares.
• Also on June 6, 2025, Equinox Partners, L.P. acquired 15,000 common shares at $4.81 per share, increasing its beneficial ownership to 2,009,486 shares.
• On June 9, 2025, Equinox Partners, L.P. purchased an additional 9,221 common shares at $4.75 per share, raising its beneficial ownership to 2,018,707 shares.
• Concurrently on June 9, 2025, a Managed Account acquired 9,220 common shares at $4.75 per share, resulting in a beneficial ownership of 1,906,451 shares.
• The reporting persons also disclosed existing beneficial ownership of 538,700 common shares by Kuroto Fund LP and 343,879 common shares by Mason Hill Partners, LP.
• Sean M. Fieler, as President of Equinox Partners Investment Management LLC, is deemed to beneficially own the securities held by the Funds.

Sentiment

Score: 8

Explanation: The sentiment is highly positive due to substantial insider buying by a significant shareholder and director, indicating strong confidence in the company's valuation and future prospects.

Positives

• Significant insider buying by a 10% owner and director, which often signals confidence in the company's future prospects.
• The purchases were made at prices ranging from $4.75 to $4.81 per share, indicating management's belief in the stock's value at these levels.

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 insider transactions.

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

This filing is specific to insider transactions within Gran Tierra Energy Inc. and does not provide broader industry trends or competitive analysis. Insider buying can be a positive signal within the energy sector, suggesting confidence in the company's specific assets or strategy.

Related Party Transactions

• The reported transactions are open market purchases of common shares by entities and individuals (Equinox Partners Investment Management LLC, Sean M. Fieler, Equinox Partners, L.P., Kuroto Fund LP, and Mason Hill Partners, LP) who are considered related parties due to their status as a 10% owner and director of Gran Tierra Energy Inc.

Stakeholder Impact

• Shareholders may view the significant insider buying as a positive indicator of management and major investor confidence, potentially leading to increased investor interest and a positive impact on share price.
• Employees and other stakeholders might interpret this as a sign of stability and positive outlook for the company.

Key Dates

Recommendation

Keywords

Gran Tierra Energy, GTE, Form 4, Insider Trading, Beneficial Ownership, Stock Purchase, Equinox Partners, Sean M. Fieler, Energy Sector