Gogo director Oakleigh Thorne exercises 125,000 options
The options vested in four equal installments on the first four anniversaries of March 17, 2020, subject to continued employment.
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Rhea-AI Filing Summary
Gogo Inc. director and ten percent owner Oakleigh Thorne exercised options for 125,000 common shares on November 5, 2026, at an exercise price of $2.14 per share. The cash exercise was between Thorne and Gogo and did not involve a market sale; the reported option position afterward was zero. Thorne's direct common-stock holdings after the transaction were 1,552,929 shares. No Rule 10b5-1 plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options (Right to Buy) F3 | 125,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 125,000 | $2.14 | $268K |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock F2 | -- | -- | -- |
Footnotes (3)
- F1. Represents shares acquired upon the cash exercise of stock options. The transaction was between the reporting person and the issuer, and did not involve a sale of shares or other transaction with the market.
- F2. Reflects (i) 27,163,859 shares of common stock held directly by Thorndale Farm Gogo, LLC and (ii) 139,536 shares of common stock held directly by OAP, LLC. Thorndale Farm, Inc. is the managing member of Thorndale Farm Gogo, LLC. Mr. Thorne, as the chief executive officer of Thorndale Farm, Inc., may be deemed to have beneficial ownership of the shares of common stock held by Thorndale Farm Gogo, LLC. Additionally, Mr. Thorne, as the managing member of OAP, LLC, may be deemed to have beneficial ownership of the shares of common stock held by OAP, LLC. Mr. Thorne and Thorndale Farm, Inc. disclaim beneficial ownership of such shares of common stock except, in each case, to the extent of any pecuniary interest therein and this report shall not be deemed an admission that Mr. Thorne or Thorndale Farm, Inc. is a beneficial owner of such shares of common stock for purposes of Section 16 or for any other purpose.
- F3. These options vested and became exercisable in four equal installments on the first four anniversaries of March 17, 2020, subject to continued employment with the Company.
Key Figures
Key Terms
cash exercise financial
beneficial ownership regulatory
pecuniary interest financial
exercisable technical
FAQ
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What were the vesting terms for Oakleigh Thorne's GOGO options?
What indirect GOGO holdings were reported through Oakleigh Thorne's entities?
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