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.
FAQ
What did Brian McGee (GPRO) report on Form 4?
Was the sale by Brian McGee part of a prearranged trading plan?
How many GPRO shares does Brian McGee beneficially own after the sale?
What prices were the sold shares executed at?
Who signed the Form 4 for Brian McGee?