GoPro (GPRO) CFO Relinquishes 1,507 Shares to Cover RSU Taxes
Rhea-AI Filing Summary
Brian McGee, EVP, CFO and COO of GoPro, Inc. (GPRO), reported a disposition of 1,507 shares of Class A common stock on 08/15/2025 at $1.35 per share. The filing states these shares were relinquished and cancelled by the company to satisfy federal and state tax withholding obligations arising from the vesting of restricted stock units; the reporting person did not sell the shares for any other purpose. After the transaction, Mr. McGee beneficially owned 930,017 shares of Class A common stock directly and an additional 276 shares indirectly through his spouse. The Form 4 was signed by an attorney-in-fact on 08/19/2025.
Positive
- Disclosure clarity: The Form 4 clearly explains the disposition was solely to cover tax withholding for RSU vesting.
- Insider alignment: Reporting person continues to hold a substantial direct stake (930,017 Class A shares), indicating ongoing alignment with shareholders.
Negative
- None.
Insights
TL;DR: Routine tax-withholding share surrender for RSU vesting; immaterial to company capital structure.
The transaction is described as an exempt Section 16b-3(e) exchange where vested restricted stock units were effectively used to cover tax obligations by surrendering 1,507 shares at $1.35 each. This is a common administrative action following equity vesting and does not indicate an open-market sale or change in insider intent. The remaining direct ownership of 930,017 Class A shares retains the reporting person's substantial equity stake and governance alignment with shareholders.
TL;DR: Transaction is operationally routine and unlikely to affect market perception.
The reported disposition was explicitly for tax withholding tied to RSU vesting and involved a small number of shares relative to the reporting person's total holdings. The per-share price reported ($1.35) reflects the accounting treatment for the withholding, not an open-market trade. Given the scale (1,507 shares vs. 930,017 remaining direct shares), the action is not material to float, dilution, or executive ownership trends.