Director Charles Townsend boosts Gogo (GOGO) stake with 250,000-share buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gogo Inc. director Charles C. Townsend reported significant open-market purchases of company stock. On March 11–12, he bought a total of 250,000 shares of Common Stock in open-market transactions at weighted average prices of $4.5370 and $4.5651 per share, executed at prices within ranges described in the filing.
After these purchases, Townsend directly owns 418,686 shares, held in his personal account. The filing also shows indirect holdings of 1,972,002 shares through the Charles C. Townsend III Trust and 2,120,344 shares through Pac 3, LLC, where he may be deemed to have beneficial ownership but disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 250,000 shares ($1,138,706)
Net Buy
4 txns
Insider
TOWNSEND CHARLES C
Role
Director
Bought
250,000 shs ($1.14M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 158,591 | $4.5651 | $724K |
| Purchase | Common Stock | 91,409 | $4.537 | $415K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 418,686 shares (Direct);
Common Stock — 1,972,002 shares (Indirect, By Trust)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.48 to $4.56, 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 (the "SEC"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.46 to $4.65, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. Mr. Townsend purchased these shares in his personal account. Shares are held directly by the Charles C. Townsend III Trust. Mr. Townsend, as a co-trustee of the foregoing trust, may be deemed to have beneficial ownership of the shares held by it. Shares are held directly by Pac 3, LLC. Mr. Townsend, as the president of the foregoing company, may be deemed to have beneficial ownership of the shares held by it. Mr. Townsend disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.