Gogo (GOGO) director Thorne details RSU vesting and share tax sales
Rhea-AI Filing Summary
Gogo Inc. director and 10% owner Oakleigh Thorne reported the automatic vesting and conversion of several tranches of restricted stock units into common stock on January 8, 2026, triggered by the expiration of his employment agreement with the company. RSU blocks of 22,475, 75,620, and 169,642 units each converted into the same number of Gogo common shares on a one-for-one basis.
To cover taxes on these vestings, shares of common stock were withheld at $5.24 per share in amounts including 9,293, 27,966, and 71,788 shares. Following these transactions, Thorne held 1,427,929 Gogo shares directly and 100 shares indirectly through his spouse, while entities associated with him held an additional 27,163,859 and 139,536 shares as described in the footnotes, for which beneficial ownership is disclaimed except to the extent of any pecuniary interest.
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FAQ
What insider activity did Gogo (GOGO) disclose for Oakleigh Thorne?
The company disclosed that Oakleigh Thorne, a director and 10% owner, had multiple blocks of restricted stock units (RSUs) automatically vest and convert into Gogo common stock on January 8, 2026, following the expiration of his employment agreement.
How many Gogo (GOGO) RSUs vested and converted to common stock?
On January 8, 2026, RSU grants of 22,475, 75,620, and 169,642 units vested, each converting into the same number of Gogo common shares on a one-for-one basis as described in the filing.
Were any Gogo (GOGO) shares sold in connection with Oakleigh Thorne’s RSU vesting?
The form shows transactions coded F, indicating shares of Gogo common stock were withheld to pay taxes, including 9,293, 27,966, and 71,788 shares at a price of $5.24 per share, rather than open-market discretionary sales.
How many Gogo (GOGO) shares does Oakleigh Thorne hold directly after these transactions?
After the reported transactions on January 8, 2026, Oakleigh Thorne directly held 1,427,929 shares of Gogo common stock, according to the Form 4.
What indirect Gogo (GOGO) holdings are associated with Oakleigh Thorne?
The footnotes state that entities associated with Thorne hold 27,163,859 Gogo shares through Thorndale Farm Gogo, LLC and 139,536 shares through OAP, LLC. Thorne and Thorndale Farm, Inc. may be deemed to have beneficial ownership but disclaim beneficial ownership except to the extent of any pecuniary interest.
Does Oakleigh Thorne remain involved with Gogo (GOGO) after his employment agreement expired?
Yes. The footnotes explain that, even though his employment agreement expired and triggered the RSU vesting, Thorne remains a member of Gogo’s board of directors.