Gogo (NASDAQ: GOGO) EVP exercises 17,743 RSUs, with 5,101 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gogo Inc. executive Crystal L. Gordon, EVP, General Counsel and Secretary, exercised restricted stock units into common stock. On April 1, 2026, 17,743 restricted stock units converted into 17,743 shares of common stock at an exercise price of $0.00 per share.
The company then withheld 5,101 shares of common stock, valued at $4.01 per share, to cover tax obligations, a non-market "F" code tax-withholding disposition rather than an open-market sale. After these transactions, Gordon directly held 86,511 shares of Gogo common stock.
Footnotes indicate the restricted stock units convert into common stock on a one-for-one basis. They also state that on April 1, 2024, Gordon was granted 70,970 restricted stock units, scheduled to vest in four equal annual installments on the first four anniversaries of that date, subject to continued employment with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
17,743 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 | 17,743 | $0.00 | -- |
| Exercise | Common Stock | 17,743 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,101 | $4.01 | $20K |
Holdings After Transaction:
Restricted Stock Units — 35,484 shares (Direct);
Common Stock — 91,612 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. On April 1, 2024, the reporting person was granted 70,970 restricted stock units, vesting in four equal annual installments on the first four anniversaries of April 1, 2024, subject to continued employment with the Company.
Key Figures
RSUs exercised: 17,743 units/shares
Tax-withholding shares: 5,101 shares
Tax-withholding price: $4.01 per share
+2 more
5 metrics
RSUs exercised
17,743 units/shares
Restricted stock units converted to common stock on April 1, 2026
Tax-withholding shares
5,101 shares
Shares withheld to satisfy tax liability at $4.01 per share
Tax-withholding price
$4.01 per share
Value applied to 5,101 shares withheld for taxes
Shares held after transaction
86,511 shares
Direct Gogo common stock ownership following Form 4 transactions
RSU grant size
70,970 restricted stock units
Grant dated April 1, 2024, vesting in four equal annual installments
Key Terms
Restricted Stock Units, one-for-one basis, tax-withholding disposition, derivative security
4 terms
Restricted Stock Units financial
"On April 1, 2024, the reporting person was granted 70,970 restricted stock units, vesting in four equal annual installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
one-for-one basis financial
"Restricted stock units convert into common stock on a one-for-one basis."
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did Gogo (GOGO) report for Crystal L. Gordon?
Gogo reported that EVP and General Counsel Crystal L. Gordon exercised 17,743 restricted stock units into common stock. These units converted one-for-one into shares, increasing her holdings before tax withholding adjustments reduced the final share count held directly.
What was the size of the restricted stock unit exercise in the Gogo (GOGO) filing?
Crystal L. Gordon exercised 17,743 restricted stock units, which converted into 17,743 shares of Gogo common stock. The exercise price was recorded as $0.00 per share, consistent with typical restricted stock unit vesting mechanics in executive compensation programs.
What does the 70,970 restricted stock unit grant mean for Gogo (GOGO) EVP Gordon?
On April 1, 2024, Crystal L. Gordon received a grant of 70,970 restricted stock units. These units vest in four equal annual installments on each anniversary of that date, contingent on her continued employment with Gogo, aligning compensation with long-term service.
How do Gogo (GOGO) restricted stock units convert into common stock for this executive?
The filing states that restricted stock units convert into Gogo common stock on a one-for-one basis. When units vest, each unit becomes one share of common stock, creating equity ownership without an exercise price at vesting for Crystal L. Gordon.