Overview
Theresa Condor, the chief executive officer of Spire Global, Inc. (NYSE:SPIR), sold a total of 105,667 shares of the company's Class A common stock in a series of transactions carried out between May 20, 2024 and January 21, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The cumulative gross proceeds from those sales totaled $1,126,487, with executed prices spanning from $7.59 to $12.45 per share.
Transaction mechanics
The sales were carried out as multiple trades and stemmed from pre-arranged automatic sale-to-cover instructions tied to the settlement of restricted stock units. Those instructions were embedded in award agreements designed to comply with Rule 10b5-1(c), according to the filing. The company filing identifies the May 20, 2024 sale of 18,474 shares at $8.74 per share as the earliest of the disclosed transactions and a January 21, 2026 sale of 1,201 shares at $12.10 per share as the last.
Itemized sale schedule
- May 20, 2024 - 18,474 shares at $8.74
- May 22, 2025 - 21,933 shares at $11.44
- June 25, 2025 - 1,204 shares at $9.92
- July 21, 2025 - 1,201 shares at $12.45
- August 21, 2025 - 39,112 shares at $8.66
- September 22, 2025 - 1,208 shares at $10.42
- October 21, 2025 - 1,212 shares at $12.02
- November 21, 2025 - 39,119 shares at $7.59
- December 22, 2025 - 1,202 shares at $8.24
- January 21, 2026 - 1,201 shares at $12.10
Ownership after sales
Following the reported transactions, Condor directly holds 989,514 shares of Spire Global. The filing also indicates indirect ownership of 1,487,552 shares through her spouse.
Market context
The insider activity took place as SPIR shares traded at $21.55, near a 52-week high of $21.56, and after the stock recorded a 187% year-to-date gain. The Form 4 filing and associated market commentary note that InvestingPro data show strong returns across multiple timeframes for the stock, while also highlighting that SPIR has generally traded with high price volatility.
Corporate developments and capital raise
Separately, Spire Global has entered into a securities purchase agreement for a private placement expected to generate approximately $70 million in gross proceeds. Under the agreement, the company plans to sell 5 million shares of Class A common stock at $14 per share. The transaction is currently expected to close around April 10, 2026, subject to customary closing conditions.
Product and mission updates
Spire has also continued advancing its data and satellite capabilities. The company expanded its agriculture intelligence platform to incorporate soil moisture data and weather forecasting functions, combining over 40 years of historical data with daily satellite observations. In addition, Spire launched a satellite as part of the National Geospatial-Intelligence Agency's MagQuest Challenge; that satellite carries a diamond quantum magnetometer system developed by SBQuantum to support improved measurements of the Earth's magnetic field.
Furthering its launch cadence, Spire successfully placed 10 satellites on SpaceX's Transporter-16 mission, reinforcing its role in supplying data for agencies including NOAA and NASA. These activities underscore continued investment in satellite hardware and analytics by the company.
What this means for stakeholders
The Form 4 disclosure and the company's concurrent operational and financing news provide a snapshot of insider liquidity actions alongside capital-raising and product-expansion efforts. The sale-to-cover transactions were executed under pre-arranged plans intended to address tax obligations tied to equity awards, while corporate initiatives include both a pending private placement and expanded data products that rely on multi-decade historical records and daily satellite inputs.