SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 10.3% Passive Stake in GOGO INC
Beneficial Ownership Disclosure
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have jointly filed a Schedule 13G, reporting a passive beneficial ownership of 10.3% of GOGO INC's common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson are the reporting persons in this Schedule 13G filing.
- They collectively beneficially own 13,475,008.28 shares of GOGO INC common stock.
- This ownership represents 10.3% of the total outstanding common stock of GOGO INC.
- The shares were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing the control of GOGO INC.
- FMR LLC holds sole voting power over 13,472,713.00 shares and sole dispositive power over 13,475,008.28 shares.
- Abigail P. Johnson holds sole dispositive power over 13,475,008.28 shares, but no sole or shared voting power.
- The filing identifies several FMR LLC subsidiaries as entities that beneficially own shares, including FIAM LLC (Investment Adviser), Fidelity Institutional Asset Management Trust Company (Bank), Fidelity Management & Research Company LLC (Investment Adviser), and Strategic Advisers LLC (Investment Adviser).
- Fidelity Management & Research Company LLC is noted as an entity that beneficially owns 5% or greater of the outstanding shares.
- The filing is a joint submission under a Rule 13d-1(k)(1) agreement between FMR LLC and Abigail P. Johnson.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing (Schedule 13G) disclosing passive beneficial ownership, which typically does not convey positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Industry Context
NA
Key Dates
| Date | Description |
|---|---|
| January 3, 2023 | Effective date of Power of Attorney for FMR LLC |
| January 26, 2023 | Effective date of Power of Attorney for Abigail P. Johnson |
| December 31, 2024 | Date of event which requires filing of this statement (reporting period end) |
| January 7, 2025 | Date of joint filing agreement and signature date for the Schedule 13G |
Keywords
GOGO INC, Common Stock, Schedule 13G, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Passive Investment, SEC Filing, Institutional Investor, Stake
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