GoPro officer covers taxes with 6,386 share transfer
GoPro, Inc. Chief Accounting Officer Charles Lafrades reported a tax-related share disposition.
Rhea-AI Filing Summary
GoPro, Inc. Chief Accounting Officer Charles Lafrades reported a tax-related share disposition. On the reported date, 6,386 shares of Class A common stock at an indicated price of $0.8066 per share were surrendered to GoPro to cover federal and state tax withholding from vesting restricted stock units.
According to the disclosure, these shares were relinquished and cancelled by the company, and were not sold on the open market or disposed of for any reason other than required taxes. After this exempt transaction, Lafrades directly held 121,601 shares of GoPro Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 6,386 | $0.8066 | $5K |
Footnotes (1)
- F1. Exempt transaction pursuant to Section 16b-3(e) - Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this line item were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units. The Reporting Person did not sell or otherwise dispose of any of the shares reported in this line item for any reason other than to cover required taxes.
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Why is the GoPro (GPRO) Charles Lafrades Form 4 transaction considered exempt?
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