GoPro (NASDAQ: GPRO) COO awarded 432,432 RSUs and cedes 43,324 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GoPro, Inc. President and COO Brian McGee reported routine equity compensation activity. He received a grant of 432,432 restricted stock units that vest over four years starting on May 15, 2027. On the same date, 43,324 shares were surrendered back to GoPro at $1.11 per share to cover tax withholding on vesting, which the footnote clarifies were not sold on the market. After these transactions, he holds 1,121,078 shares directly and 276 shares indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
MCGEE BRIAN
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 432,432 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 43,324 | $1.11 | $48K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,121,078 shares (Direct, null);
Class A Common Stock — 276 shares (Indirect, By Spouse)
Footnotes (1)
- Represents an award of restricted stock units ("RSUs") that vests over a four-year period as follows: 25% of the RSUs shall vest on May 15, 2027 and 25% of the RSUs shall vest each annual anniversary thereafter, 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 size: 432,432 units
Tax-withholding shares: 43,324 shares
Tax-withholding price: $1.11 per share
+3 more
6 metrics
RSU grant size
432,432 units
Restricted stock units awarded to Brian McGee on May 15, 2026
Tax-withholding shares
43,324 shares
Shares relinquished to cover tax from RSU vesting
Tax-withholding price
$1.11 per share
Value used for shares cancelled to pay withholding taxes
Direct holdings after transactions
1,121,078 shares
GoPro Class A Common Stock held directly by Brian McGee
Indirect holdings by spouse
276 shares
GoPro Class A Common Stock held indirectly through spouse
RSU vesting start
May 15, 2027
25% of RSUs vest, with annual vesting thereafter
Key Terms
restricted stock units ("RSUs"), Section 16b-3(e), Rule 16b-3
3 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs") that vests over a four-year period"
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
"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.
FAQ
What insider transactions did GoPro (GPRO) executive Brian McGee report?
Brian McGee reported a large equity compensation grant and a tax-withholding share surrender. He received 432,432 restricted stock units and relinquished 43,324 shares back to GoPro to satisfy tax obligations tied to vesting, with no open-market sale involved.
What are the vesting terms of Brian McGee’s new GoPro (GPRO) RSU award?
The 432,432 restricted stock units vest over four years. According to the footnote, 25% vest on May 15, 2027, and 25% vest on each annual anniversary thereafter, contingent on Brian McGee’s continued employment or service through each vesting date.