SCHEDULE: Key Investors Boost Gran Tierra Energy Stake

Daniel Lau, Christine Man, and LM Asset (IM) Inc. disclose significant beneficial ownership in Gran Tierra Energy Inc., with stakes reaching up to 7.2%.

Summary

• Daniel Lau beneficially owns 2,521,800 shares of Gran Tierra Energy Inc. Common Stock, representing 7.2% of the class.
• Christine Man beneficially owns 2,347,350 shares of Gran Tierra Energy Inc. Common Stock, representing 6.7% of the class.
• LM Asset (IM) Inc. beneficially owns 2,181,800 shares of Gran Tierra Energy Inc. Common Stock, representing 6.2% of the class.
• The percentages are calculated based on 35,290,955 shares of Common Stock outstanding on July 28, 2025, as reported in the Issuer's Form 10-Q for the quarter ended June 30, 2025.
• The reporting persons are filing jointly but expressly disclaim membership in a group, and each disclaims beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of significant beneficial ownership by passive investors, which can be viewed as a positive signal of confidence in the company, without indicating any negative intent or issues.

Positives

• Significant beneficial ownership by key individuals and an investment adviser signals confidence in Gran Tierra Energy Inc.
• Daniel Lau holds 7.2% of the common stock, indicating a substantial stake.
• Christine Man holds 6.7% of the common stock, further diversifying significant individual ownership.
• LM Asset (IM) Inc. holds 6.2% of the common stock, representing institutional interest.

Risks

• The reporting persons certify that the securities were not acquired and are not held for the purpose or with the effect of changing or influencing the control of the issuer, mitigating potential activist investor risks.

Future Outlook

NA

Management Comments

• "To the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

NA

Related Party Transactions

• Daniel Lau and Christine Man are the control persons of LM Asset (IM) Inc. and other investment advisers to private investment funds and other accounts, which have the right to receive or direct dividends or proceeds from the sale of Common Stock. However, no individual fund or account beneficially owns more than five percent of the outstanding Common Stock.

Stakeholder Impact

• Shareholders may view the significant beneficial ownership by these individuals and entities as a positive indicator of investor confidence in the company's prospects.
• The explicit disclaimer of intent to influence control may reassure existing management and the board.

Key Dates

Keywords

Gran Tierra Energy, Common Stock, Beneficial Ownership, Schedule 13G, SEC Filing, Investment, Shareholder, Institutional Investor