Form 4: Gogo Inc. CEO Oakleigh Thorne Exercises Restricted Stock Units
SEC Form 4 Filing
Oakleigh Thorne, CEO and Chairman of Gogo Inc., exercised restricted stock units, converting them into common stock on March 17, 2024.
Summary
- On March 17, 2024, Oakleigh Thorne, CEO and Chairman of Gogo Inc., exercised 18,750 restricted stock units, converting them into common stock.
- The transaction was executed under Transaction Code M.
- Following the transaction, Mr. Thorne directly owns 591,775 shares of common stock.
- Mr. Thorne also indirectly owns 100 shares through his spouse and 27,258,136 shares through Thorndale Farm Gogo, LLC and OAP, LLC.
- Mr. Thorne disclaims beneficial ownership of the shares held by Thorndale Farm Gogo, LLC and OAP, LLC except to the extent of any pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine exercise of stock options by a company executive.
- It provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/17/2020 | Initial grant date of some restricted stock units, vesting in four equal installments on the first four anniversaries. |
| 12/31/2022 | 130,000 restricted stock units vested and settled. |
| 03/17/2024 | Date of the transaction where 18,750 restricted stock units were exercised. |
| 03/19/2024 | Date of the signature on the Form 4 filing. |
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