Form 4: Gogo Inc. CEO Oakleigh Thorne Exercises Stock Options
SEC Form 4 Filing
Oakleigh Thorne, CEO and Chairman of Gogo Inc., exercised stock options and now directly owns 614,250 shares of common stock.
Summary
- On March 24, 2024, Oakleigh Thorne, the CEO and Chairman of Gogo Inc., exercised restricted stock units, converting them into 22,475 shares of common stock.
- Following the transaction, Mr. Thorne directly owns 614,250 shares of Gogo Inc. common stock.
- Mr. Thorne also has indirect ownership through Thorndale Farm Gogo, LLC (27,118,600 shares) and OAP, LLC (139,536 shares).
- He disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency regarding the holdings of Gogo Inc.'s CEO.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects the CEO's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/24/2022 | Reporting person was granted 89,900 restricted stock units, vesting in four equal annual installments. |
| 03/24/2024 | Oakleigh Thorne exercised restricted stock units, converting them into common stock. |
| 03/26/2024 | Date of signature for the Form 4 filing. |
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