SCHEDULE: Gran Tierra Energy Stakeholders Sell Shares

Equinox Partners and affiliated entities have disclosed the sale of a substantial number of Gran Tierra Energy Inc. shares, reducing their aggregate beneficial ownership.

Summary

• Equinox Partners Investment Management LLC, Equinox Partners, L.P., Kuroto Fund LP, Mason Hill Partners, LP, and Sean M. Fieler (collectively, the 'Reporting Persons') have filed an amendment to their Schedule 13D regarding Gran Tierra Energy Inc.
• The Reporting Persons collectively beneficially own 4,149,531 shares, representing approximately 11.7% of the Issuer's outstanding common stock.
• This filing is an amendment (Amendment No. 4) to a previously filed Schedule 13D.
• The total funds used for the purchase of shares held by the Reporting Persons is approximately $22,163,850.39, including commissions.
• During the past 60 days, the Reporting Persons have sold a significant number of shares.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a negative sentiment due to significant share sales by major holders, indicating a potential lack of confidence or a strategic exit.

Negatives

• The Reporting Persons have sold a substantial number of shares in Gran Tierra Energy Inc. over the past 60 days.
• Equinox Partners, L.P. sold 100,641 shares on August 11, 2026, at $9.30 per share and 66,974 shares on August 12, 2026, at $9.49 per share.
• Kuroto Fund LP sold 25,703 shares on August 11, 2026, at $9.30 per share and 17,105 shares on August 12, 2026, at $9.49 per share.
• Mason Hill Partners, LP sold 21,432 shares on August 11, 2026, at $9.30 per share and 14,262 shares on August 12, 2026, at $9.49 per share.
• A managed account sold 100,734 shares on August 11, 2026, at $9.30 per share and 67,036 shares on August 12, 2026, at $9.49 per share.

Risks

• The significant selling activity by major holders could indicate a lack of confidence in the company's future prospects or a strategic decision to reduce exposure.
• Shares may be held in margin accounts and pledged as collateral, which could lead to forced selling under certain market conditions.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from the company. However, the significant selling activity by the Reporting Persons may imply a negative outlook from their perspective.

Management Comments

• The filing of this statement should not be deemed an admission that Equinox Partners Investment Management LLC is, for the purposes of Section 13 of the Act, the beneficial owner of the Shares held in such client account(s).
• The filing of this Schedule 13D 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 that he or it does not directly own.
• Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.

Industry Context

StockSavvy.ai notes that significant share sales by investment management firms can signal shifts in investor sentiment or strategic portfolio adjustments within the energy sector, particularly for companies focused on exploration and production.

Management Changes

Stakeholder Impact

• Shareholders may view the significant selling activity as a negative signal, potentially impacting the stock price.
• Creditors or lenders might be concerned if shares held in margin accounts are pledged as collateral, especially if the company's stock price declines.

Next Steps

• The Reporting Persons may continue to effect purchases of Shares through margin accounts.
• The Reporting Persons may pledge shares held in margin accounts as collateral.

Key Dates

Recommendation

The substantial selling activity by significant beneficial owners, Equinox Partners and its affiliates, suggests a lack of confidence in the company's near-term prospects. This reduction in holdings, coupled with the disclaimer of beneficial ownership for shares not directly owned, points towards a strategic divestment that could pressure the stock price.

Keywords

Gran Tierra Energy, Schedule 13D, Equinox Partners, Shareholder Activity, Beneficial Ownership, Stock Sales, Investment Management