Gogo (NASDAQ: GOGO) CAO converts RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gogo Inc. VP and Chief Accounting Officer Leigh Goldfine exercised restricted stock units into common shares and had a portion withheld for taxes. On March 21, 2026, 4,874 restricted stock units converted into 4,874 shares of common stock at a stated price of $0.00 per share.
In a related tax-withholding transaction, 1,401 common shares were disposed of at $4.26 per share to satisfy tax obligations, not as an open-market sale. After these transactions, Goldfine directly owned 26,003 shares of Gogo common stock. The restricted stock units convert into common stock on a one-for-one basis, and a prior grant of 19,495 restricted stock units vests in four equal annual installments starting March 21, 2025, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,874 shares exercised/converted
Mixed
3 txns
Insider
Goldfine Leigh
Role
VP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,874 | $0.00 | -- |
| Exercise | Common Stock | 4,874 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,401 | $4.26 | $6K |
Holdings After Transaction:
Restricted Stock Units — 14,621 shares (Direct);
Common Stock — 27,404 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. On March 21, 2025, the reporting person was granted 19,495 restricted stock units, vesting in four equal annual installments on the first four anniversaries of March 21, 2025, subject to continued employment with the Company.
FAQ
What insider transaction did Gogo (GOGO) report for Leigh Goldfine?
Gogo reported that VP and Chief Accounting Officer Leigh Goldfine exercised 4,874 restricted stock units into 4,874 common shares. A related tax-withholding transaction disposed of 1,401 shares, reflecting compensation and tax settlement activity rather than an open-market stock purchase or sale.
Was the Gogo (GOGO) insider transaction an open-market sale?
No, the filing shows a tax-withholding disposition of 1,401 shares at $4.26 per share. This type F transaction pays tax liabilities by delivering shares, and is not an open-market sale driven by discretionary trading decisions in Gogo stock.
What are the terms of Leigh Goldfine’s Gogo (GOGO) restricted stock units?
The footnotes state Goldfine was granted 19,495 restricted stock units on March 21, 2025. These units vest in four equal annual installments on the first four anniversaries of that date, contingent on continued employment with Gogo, and convert into common stock on a one-for-one basis.
What does transaction code M mean in the Gogo (GOGO) Form 4?
In this Form 4, code M indicates an exercise or conversion of a derivative security. Specifically, 4,874 restricted stock units converted into 4,874 shares of Gogo common stock at a stated price of $0.00 per share, reflecting equity compensation becoming actual shares.
What does transaction code F indicate in the Gogo (GOGO) filing?
Code F represents payment of an exercise price or tax liability by delivering securities. Here, 1,401 Gogo common shares were disposed of at $4.26 per share to satisfy tax obligations tied to the equity award, rather than signaling a standard market sale by the insider.