Home / Restatements / Spire Global, Inc.
Filed 2025-04-04 路 Form 8-K 路 Accession 0000950170-25-050831 micro
Price before filing: $7.61 (2025-04-03 close, split/dividend-adjusted)
Market cap at flag: $236.1M (2025-04-04) 路 Latest: $342.7M (2026-10-16)
| Window | SPIR | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +21.7% | +5.0% | +16.7% | 2025-05-05 |
| 90 days | +56.6% | +16.9% | +39.8% | 2025-07-03 |
| 180 days | +48.4% | +25.3% | +23.1% | 2025-10-01 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 4 insiders sold $3.4M (9 sales)
30 days after: 1 insider sold $253K (1 sale)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-02-21 | Basola Leonardo Chief Financial Officer | Sale | 14,228 | $11.27 | $160K | yes | Form 4 |
| 2025-02-21 | Condor Theresa Chief Executive Officer, Director | Sale | 17,979 | $11.27 | $203K | yes | Form 4 |
| 2025-02-21 | Johnson Boyd C. CLO, CAO and Corp Sec | Sale | 11,304 | $11.27 | $127K | yes | Form 4 |
| 2025-02-21 | Platzer Peter Executive Chairman, Director | Sale | 51,346 | $11.27 | $579K | yes | Form 4 |
| 2025-03-04 | Platzer Peter Executive Chairman, Director | Sale | 78,933 | $10.02 | $791K | yes | Form 4 |
| 2025-03-04 | Platzer Peter Executive Chairman, Director | Sale | 66,667 | $10.81 | $721K | yes | Form 4 |
| 2025-03-05 | Platzer Peter Executive Chairman, Director | Sale | 28,015 | $10.67 | $299K | yes | Form 4 |
| 2025-03-05 | Platzer Peter Executive Chairman, Director | Sale | 23,276 | $11.20 | $261K | yes | Form 4 |
| 2025-03-18 | Platzer Peter Executive Chairman, Director | Sale | 27,564 | $8.57 | $236K | yes | Form 4 |
| 2025-04-04: red flag filed | |||||||
| 2025-04-15 | Platzer Peter Executive Chairman, Director | Sale | 27,293 | $9.28 | $253K | yes | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-04 to 2025-05-04. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Subsequently, on April 3, 2025, the audit committee of the board of directors of the Company (the "Board") formally concluded that the Company's consolidated unaudited financial statements as of and for the fiscal years ended December 31, 2024 and 2023 included in the Annual Report should not be relied upon because of all of the deficiencies identified above."
Quoted from the filing. Source
The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Why this score: also within 90 days: Late annual report (NT 10-K)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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