Form 4: Spire Global Executive Boyd C. Johnson Sells Shares to Cover Taxes
SEC Form 4 Filing
Boyd C. Johnson, CLO, CAO, and Corporate Secretary of Spire Global, Inc., sold 10,974 shares of Class A Common Stock on August 21, 2024, to cover taxes associated with the settlement of stock units.
Summary
- On August 21, 2024, Boyd C. Johnson, the CLO, CAO, and Corporate Secretary of Spire Global, Inc., sold 10,974 shares of Class A Common Stock.
- The sale was executed at a price of $7.0978 per share.
- The transaction was made to cover taxes associated with the settlement of stock units, pursuant to an automatic sale-to-cover instruction.
- Following the transaction, Johnson directly owns 323,981 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: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it reflects an expected action related to executive compensation.
Industry Context
Executive stock sales are a common occurrence, particularly to cover tax obligations related to stock-based compensation. The sale itself doesn't necessarily indicate a negative outlook for the company, but it's a transaction investors often monitor.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 11/01/2022 | Date of one of the applicable award agreements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). |
| 04/14/2023 | Date of one of the applicable award agreements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). |
| 12/12/2023 | Date of one of the applicable award agreements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). |
| 03/07/2024 | Date of one of the applicable award agreements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). |
| 08/21/2024 | Date of the transaction: sale of 10,974 shares of Class A Common Stock. |
| 08/23/2024 | Date of signature for the Form 4 filing. |
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