Boyd C. Johnson - 21 Nov 2023 Form 4 Insider Report for Spire Global, Inc. (SPIR)

Signature
/s/ Jonathan Zimmerman, by Power of Attorney for Boyd C. Johnson
Issuer symbol
SPIR
Transactions as of
21 Nov 2023
Transactions value $
-$28,172
Form type
4
Filing time
22 Nov 2023, 16:22:23 UTC
Previous filing
24 Aug 2023
Next filing
14 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPIR Class A Common Stock Sale -$28.2K -6.04K -4.99% $4.67 115K 21 Nov 2023 Direct F1, F2
holding SPIR Class A Common Stock 85 21 Nov 2023 By self as UTMA custodian for daughter F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The shares were sold to cover taxes associated with the settlement of stock units, pursuant to an automatic sale-to-cover instruction in the applicable award agreement, which award agreements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) were dated November 1, 2022 and April 14, 2023.
F2 The number of shares beneficially owned reflects adjustments for the Company's 1-for-8 reverse stock split that was effected on August 31, 2023.