Gogo (GOGO) EVP Crystal converts 43,801 RSUs, ends with 73,869 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gogo Inc. executive Gordon L. Crystal reported equity compensation activity involving restricted stock units (RSUs) and common stock. On March 21, 2026, 43,801 RSUs converted into an equal number of Gogo common shares at an effective price of $0.00 per share.
Of these newly issued shares, 12,592 common shares were automatically withheld at a price of $4.26 per share to satisfy tax obligations, which is a non-market disposition rather than an open-market sale. Following these transactions, Crystal directly held 73,869 shares of Gogo common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
43,801 shares exercised/converted
Mixed
3 txns
Insider
Gordon Crystal L
Role
EVP, Gen Counsel and Secy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 43,801 | $0.00 | -- |
| Exercise | Common Stock | 43,801 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,592 | $4.26 | $54K |
Holdings After Transaction:
Restricted Stock Units — 131,401 shares (Direct);
Common Stock — 86,461 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 175,202 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) executive Gordon L. Crystal report in this Form 4?
Gordon L. Crystal reported the vesting and conversion of 43,801 restricted stock units into Gogo common stock. A portion of the resulting shares was withheld to cover taxes, and he ended with direct ownership of 73,869 Gogo common shares after these compensation-related transactions.
How many Gogo (GOGO) restricted stock units did Gordon L. Crystal exercise?
He exercised 43,801 restricted stock units, which converted into 43,801 shares of Gogo common stock on a one-for-one basis. The RSUs were part of a larger 175,202-unit grant awarded on March 21, 2025, vesting in four equal annual installments, subject to continued employment.
What are the key terms of Gordon L. Crystal’s Gogo (GOGO) RSU grant?
On March 21, 2025, he received 175,202 restricted stock units, vesting in four equal annual installments on each anniversary of that date. Vesting is contingent on continued employment with Gogo, and each vested RSU converts into one share of common stock upon settlement.