Form 4: Spire Global CLO, CAO and Corp Sec Boyd C. Johnson Sells Shares to Cover Taxes
SEC Form 4 Filing
Boyd C. Johnson, CLO, CAO and Corp Sec of Spire Global, Inc., sold 11,304 shares of Class A Common Stock on February 21, 2025, to cover taxes associated with the settlement of stock units.
Summary
- On February 21, 2025, Boyd C. Johnson, the CLO, CAO and Corp Sec of Spire Global, Inc., sold 11,304 shares of Class A Common Stock.
- The shares were sold at a price of $11.268 per share.
- The sale was executed to cover taxes associated with the settlement of stock units.
- Following the transaction, Johnson directly owns 300,304 shares of Class A Common Stock.
- Johnson also indirectly owns 85 shares of Class A Common Stock as UTMA custodian for his daughter.
Sentiment
Score: 5
Explanation: This is a neutral event. The sale is related to tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.
Industry Context
This is a routine Form 4 filing, indicating an insider transaction. It's common for executives to sell shares to cover tax obligations related to stock awards.
Stakeholder Impact
- The sale of shares by an insider could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 11/01/2022 | Date of award agreement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). |
| 04/14/2023 | Date of award agreement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). |
| 12/12/2023 | Date of award agreement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). |
| 03/07/2024 | Date of award agreement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). |
| 02/21/2025 | Date of transaction: Sale of 11,304 shares of Class A Common Stock. |
| 02/25/2025 | Date of Form 4 filing. |
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