GoPro (NASDAQ: GPRO) CAO awarded 55,042 RSUs as 12,193 shares cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GoPro, Inc. Chief Accounting Officer Charles Lafrades reported compensation-related equity activity in Class A common stock. He received two awards of restricted stock units totaling 55,042 shares, one vesting 100% on May 15, 2026 and another vesting over three years in six semi-annual installments starting on that date.
On the same day, 12,193 shares were withheld and cancelled at $1.11 per share to cover federal and state tax obligations triggered by RSU vesting. According to the disclosure, these shares were not sold on the market but relinquished solely to satisfy required tax withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Lafrades Charles
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 30,042 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 25,000 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 12,193 | $1.11 | $14K |
Holdings After Transaction:
Class A Common Stock — 151,643 shares (Direct, null)
Footnotes (1)
- Represents an award of restricted stock units ("RSUs") that will vest 100% on May 15, 2026. Represents an award of RSUs that vests over a three-year period as follows: one-sixth of the full number of shares shall vest on each of the first six semi-annual anniversaries of May 15, 2026, subject to the Reporting Person's continuous status as an employee or service provider through each vesting date. 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
RSU grant 1: 25,000 RSUs
RSU grant 2: 30,042 RSUs
Tax withholding shares: 12,193 shares
+3 more
6 metrics
RSU grant 1
25,000 RSUs
Award of restricted stock units on May 15, 2026
RSU grant 2
30,042 RSUs
Additional RSU award on May 15, 2026
Tax withholding shares
12,193 shares
Shares relinquished to cover RSU vesting taxes
Withholding price
$1.11 per share
Value used for tax-withholding disposition
Single-vest RSU date
May 15, 2026
100% vesting date for 25,000 RSUs
Three-year vesting start
May 15, 2026
Start date for semi-annual vesting of 30,042 RSUs
Key Terms
restricted stock units ("RSUs"), Section 16b-3(e), Rule 16b-3, tax withholding obligations
4 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs") that will vest 100% on May 15, 2026."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - Payment of exercise price or tax liability"
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.
tax withholding obligations financial
"in exchange for the Issuer's agreement to pay federal and state tax withholding obligations"
FAQ
What insider transactions did GoPro (GPRO) report for Charles Lafrades?
GoPro reported that Chief Accounting Officer Charles Lafrades received two restricted stock unit grants totaling 55,042 shares and had 12,193 shares withheld to cover tax obligations related to RSU vesting, with no open-market purchases or sales disclosed in this filing.
How many GoPro (GPRO) RSUs were granted to Charles Lafrades in this Form 4?
The filing shows Lafrades received two GoPro restricted stock unit awards: 25,000 RSUs and 30,042 RSUs, totaling 55,042 shares of Class A common stock, as part of his equity compensation on May 15, 2026.
What is the vesting schedule for Charles Lafrades’ new GoPro (GPRO) RSU awards?
One RSU award vests 100% on May 15, 2026. The second RSU grant vests over three years, with one-sixth of the shares vesting on each of the first six semi-annual anniversaries of May 15, 2026, subject to continued service.
What does the tax withholding transaction in GoPro (GPRO) CAO’s Form 4 mean for investors?
The tax withholding transaction reflects 12,193 shares being used to pay taxes on vested RSUs at $1.11 per share. This is an exempt, non-market disposition under Section 16b-3(e) and typically represents routine tax settlement rather than a discretionary sale decision.