GoPro (NASDAQ: GPRO) general counsel keeps 380,007 shares after tax move
Rhea-AI Filing Summary
GoPro, Inc. (GPRO) reported that officer Stephen Jason Christopher, SVP and General Counsel, had 1,317 shares of Class A Common Stock withheld on 2026-08-17 at $0.6143 per share. These shares were relinquished to cover federal and state tax withholding from vested restricted stock units, leaving him with 380,007 directly held shares. The footnote states no shares were sold for any other purpose.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,317 shares
Net Sell
1 txn
Insider
Stephen Jason Christopher
Role
SVP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock F1 | 1,317 | $0.6143 | $809.03 |
Holdings After Transaction:
Class A Common Stock — 380,007 shares (Direct)
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.
Key Figures
Shares relinquished for tax withholding: 1,317 shares
Per-share value used: $0.6143 per share
Shares held after transaction: 380,007 shares
+1 more
4 metrics
Shares relinquished for tax withholding
1,317 shares
Class A Common Stock disposed code F on 2026-08-17
Per-share value used
$0.6143 per share
Value applied to 1,317 shares withheld for tax obligations
Shares held after transaction
380,007 shares
Directly held Class A Common Stock following the code F transaction
Exercise price or tax liability shares
1,317 shares
Total shares reported under exercise-price-or-tax-liability disposition in transaction summary
Key Terms
Section 16b-3(e), Rule 16b-3, restricted stock units
3 terms
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - Payment of exercise price"
Rule 16b-3 regulatory
"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.
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 transaction did GoPro (GPRO) SVP Stephen Jason Christopher report on this Form 4?
Stephen Jason Christopher reported 1,317 GoPro Class A shares disposed on 2026-08-17. According to the disclosure, these shares were withheld by GoPro to cover federal and state tax obligations arising from the vesting of restricted stock units, not sold in the market.
Was the GoPro (GPRO) insider transaction an open-market sale?
No, the filing states the insider did not sell any of the 1,317 shares in the market. All shares were relinquished to GoPro and cancelled in exchange for GoPro paying the insider’s tax withholding obligations from vested restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.