GoPro (NASDAQ: GPRO) CFO keeps 332,769 shares after tax cancel
Rhea-AI Filing Summary
GoPro, Inc. (GPRO) reported that Brian Robert Tratt, its SVP and Chief Financial Officer, had 2,871 shares of Class A common stock withheld on 2026-08-17 at $0.6143 per share to pay federal and state tax withholding obligations arising from the vesting of restricted stock units. These shares were relinquished and cancelled by GoPro as an exempt transaction under Section 16b-3(e), and were not sold in the market. Following this, Tratt directly holds 332,769 shares, which includes 5,000 shares acquired under GoPro’s employee stock purchase plan on 2026-08-14, and indirectly holds 1,041 shares through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,871 shares
Net Sell
2 txns
Insider
Tratt Brian Robert
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock F1, F2 | 2,871 | $0.6143 | $2K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 332,769 shares (Direct);
Class A Common Stock — 1,041 shares (Indirect, By Spouse)
Footnotes (2)
- 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.
- F2. Includes 5,000 shares acquired under the Issuer's employee stock purchase plan on 8/14/2026.
Key Figures
Shares withheld for taxes: 2,871 shares
Implied value per share: $0.6143 per share
Direct holdings after transaction: 332,769 shares
+2 more
5 metrics
Shares withheld for taxes
2,871 shares
Relinquished and cancelled on 2026-08-17 to cover tax withholding from RSU vesting
Implied value per share
$0.6143 per share
Value used for the 2,871-share tax-withholding transaction on 2026-08-17
Direct holdings after transaction
332,769 shares
Class A common stock directly held by the CFO following the Form 4 transaction
Indirect holdings by spouse
1,041 shares
Class A common stock held indirectly through the CFO’s spouse after the transaction
ESPP shares included in direct holdings
5,000 shares
Shares acquired under GoPro’s employee stock purchase plan on 2026-08-14
Key Terms
Section 16b-3(e), Rule 16b-3, employee stock purchase plan, restricted stock units
4 terms
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - Payment of exercise price or tax"
Rule 16b-3 regulatory
"incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
employee stock purchase plan financial
"Includes 5,000 shares acquired under the Issuer's employee stock purchase plan on 8/14/2026"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
restricted stock units financial
"resulting from the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
What insider transaction did GoPro (GPRO) CFO Brian Robert Tratt report?
GoPro’s CFO Brian Robert Tratt reported 2,871 shares of Class A stock withheld at $0.6143 per share. The shares were relinquished to GoPro solely to cover federal and state tax withholding from restricted stock unit vesting, not sold on the open market.
Was the GoPro (GPRO) CFO’s Form 4 transaction exempt under Section 16 rules?
Yes. The filing describes the transaction as an exempt transaction under Section 16b-3(e). Shares were delivered or withheld to satisfy tax obligations from equity vesting under Rule 16b-3, rather than being sold for investment or trading purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
