GoPro Form 4: CFO McGee Disposes of 150,043 Class A Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Brian McGee, who is listed as EVP, CFO and COO of GoPro, Inc. (GPRO), reported the sale of 150,043 shares of Class A common stock on 08/20/2025. The Form 4 indicates the sales were made pursuant to a Rule 10b5-1 trading plan adopted May 19, 2025.
The reported weighted-average price for the shares sold is $1.2434, with the sale prices ranging from $1.215 to $1.28. After the transactions, Mr. McGee is reported to beneficially own 779,974 shares directly and 276 shares indirectly through his spouse. The filing was signed by Tyler Gee as attorney-in-fact on 08/21/2025.
Positive
- Sales executed under a Rule 10b5-1 trading plan, indicating pre-established trading parameters.
- Filing discloses weighted-average price and exact price range ($1.215 to $1.28), improving transparency.
- Post-transaction beneficial ownership disclosed: 779,974 shares direct and 276 indirect, enabling clear position tracking.
Negative
- Disposition of 150,043 Class A shares reduces the reporting person's direct holding.
- No information on portion of total outstanding shares is provided here, so relative stake impact cannot be assessed from this filing alone.
Insights
TL;DR: Insider sold 150,043 GPRO shares under a pre-established 10b5-1 plan; modest remaining direct holdings reported.
The filing documents an executed sale of 150,043 Class A shares on 08/20/2025 under a Rule 10b5-1 plan established 05/19/2025. The weighted-average sale price is reported as $1.2434, with transaction prices between $1.215 and $1.28. Post-transaction direct beneficial ownership is 779,974 shares, with an additional 276 shares held indirectly by spouse. These are non-derivative disposals; no derivative activity is reported. For modeling or position monitoring, use the reported post-sale holdings as the current disclosed insider stake.
TL;DR: Sales were executed under a documented 10b5-1 plan, and the Form 4 properly discloses price range and remaining ownership.
The disclosure shows the reporting person used a Rule 10b5-1 plan, which is explicitly noted on the form and in the explanatory footnote. The filer provides the weighted-average price and the range of execution prices, and the form is signed by an attorney-in-fact. No amendments, derivative transactions, or additional arrangements are indicated. The filing meets the descriptive requirements expected for Section 16 reporting.