GoPro (GPRO) COO Brian McGee sells 130,631 shares, retains 947,123
Rhea-AI Filing Summary
GoPro, Inc. President and COO Brian McGee sold Class A shares in a pre-planned transaction and remains a large shareholder. He sold 130,631 shares of Class A Common Stock on May 20, 2026 at a weighted average price of about $0.9729 per share in an open-market sale executed under a previously adopted Rule 10b5-1 trading plan dated May 19, 2025. After this sale, he directly holds 947,123 Class A shares and has indirect beneficial ownership of 276 additional shares held by his spouse.
Positive
- None.
Negative
- None.
Insights
Planned sale of 130,631 GoPro shares; executive still holds a sizable stake.
Brian McGee, President and COO of GoPro, Inc., executed an open-market sale of 130,631 shares of Class A Common Stock at a weighted average price of about $0.9729 per share. The transaction is coded as an S-type sale, indicating a straightforward market disposition.
The filing states the sale was carried out under a previously adopted Rule 10b5-1 trading plan dated May 19, 2025. Such plans automate trades and reduce the signaling value of timing, suggesting this is routine portfolio management rather than an opportunistic move.
After the sale, McGee still directly owns 947,123 Class A shares and has indirect beneficial ownership of 276 shares held by his spouse. With no derivative positions shown, the key takeaway is a planned reduction that leaves a substantial remaining equity stake.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 130,631 | $0.9729 | $127K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The sale reported in this line item was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person on May 19, 2025. The reported price in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.951 to $1.02 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote on this Form 4.