Gogo (NASDAQ: GOGO) CEO exercises RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gogo Inc. CEO Christopher John Moore exercised 168,464 restricted stock units into an equal number of common shares and had 73,703 of those shares withheld to cover tax obligations. The tax-withholding shares were valued at $4.26 each. After these transactions, he directly holds 251,170 shares of Gogo common stock. These moves reflect compensation-related vesting and tax settlement rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
168,464 shares exercised/converted
Mixed
3 txns
Insider
Moore Christopher John
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 168,464 | $0.00 | -- |
| Exercise | Common Stock | 168,464 | $0.00 | -- |
| Tax Withholding | Common Stock | 73,703 | $4.26 | $314K |
Holdings After Transaction:
Restricted Stock Units — 505,390 shares (Direct);
Common Stock — 324,873 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 673,854 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 did Gogo (GOGO) CEO Christopher John Moore report in this Form 4?
Gogo CEO Christopher John Moore reported exercising 168,464 restricted stock units into common shares, with 73,703 shares withheld to cover tax liabilities. These actions are compensation-related and do not represent open-market share purchases or sales by the executive.
What is the significance of the F code tax-withholding transaction in GOGO’s Form 4?
The F code indicates 73,703 Gogo shares were withheld at $4.26 per share to pay taxes tied to RSU vesting. This is not an open-market sale; it is a mechanical step where the company retains shares to satisfy the executive’s tax obligations.
What does the M code mean for the Gogo (GOGO) CEO’s Form 4 transactions?
The M code shows Christopher John Moore exercised 168,464 restricted stock units into the same number of Gogo common shares. This reflects conversion of equity awards granted as compensation, not a market purchase, and is part of his long-term incentive package structure.
What do the footnotes in Gogo (GOGO) CEO’s Form 4 explain about the RSUs?
The footnotes state restricted stock units convert into Gogo common stock on a one-for-one basis and reference a 673,854-unit grant from March 21, 2025 that vests in four equal annual installments, subject to continued employment with the company.