Gogo Inc. Form 4 shows insider purchases by director Townsend
Rhea-AI Filing Summary
Gogo Inc. (GOGO) director Charles C. Townsend reported open-market purchases of the company’s common stock. On 11/18/2025, he purchased 58,763 shares at a weighted average price of $6.8679 per share, and on 11/19/2025 he purchased 31,228 shares at a weighted average price of $7.1714 per share. After these transactions, he directly owned 168,686 shares.
In addition to his direct holdings, 1,972,002 shares are held by the Charles C. Townsend III Trust and 2,120,344 shares are held by Pac 3, LLC, for which Mr. Townsend may be deemed to have beneficial ownership due to his roles as co-trustee and president, respectively, while disclaiming beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 31,228 | $7.1714 | $224K |
| Purchase | Common Stock | 58,763 | $6.8679 | $404K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.78 to $6.97, 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 $7.11 to $7.20, 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.
FAQ
What insider transaction did Gogo Inc. (GOGO) report for Charles C. Townsend?
Gogo Inc. reported that director Charles C. Townsend bought Gogo common stock in the open market on 11/18/2025 and 11/19/2025, as disclosed on a Form 4.
What is Charles C. Townsend’s direct ownership in Gogo (GOGO) after these trades?
Following the reported purchases, Mr. Townsend directly owned 168,686 shares of Gogo Inc. common stock.
What does the weighted average price disclosure mean in this Gogo (GOGO) Form 4?
The Form 4 states that the reported prices of $6.8679 and $7.1714 are weighted average prices, with the purchases executed in multiple trades within price ranges of $6.78–$6.97 and $7.11–$7.20, respectively.