Form 4: Gogo Inc. Director GTCR Partners XII/A&C LP Reports Acquisition of Deferred Share Units

GTCR Partners XII/A&C LP, a 10% owner and director of Gogo Inc., reports the acquisition of deferred share units granted to director Mark Anderson, vesting in one year.

Summary

• GTCR Partners XII/A&C LP, a director and 10% owner of Gogo Inc., filed a Form 4.
• The report details the acquisition of 7,416 deferred share units on December 31, 2024.
• These units were granted to Mark Anderson, a director of Gogo Inc. and an employee of GTCR LLC.
• The deferred share units will vest on the one-year anniversary of the grant date and will be settled in shares of Gogo Inc.'s common stock after Mr. Anderson's service on the board ends.
• Following the transaction, GTCR Partners XII/A&C LP indirectly owns 73,799 deferred share units.
• The reporting persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing the acquisition of deferred share units. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The deferred share units will vest in full on the one-year anniversary of the grant date and will be settled in shares of the Company's common stock following the director's termination of service on the Company's board of directors.

Management Comments

• Each of the Reporting Persons and the individual members of the GTCR Board of Managers disclaims beneficial ownership of the securities reported herein, except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Persons or Mr. Anderson is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

Industry Context

This filing reflects standard insider activity related to equity compensation for board members, common in publicly traded companies.

Stakeholder Impact

• The acquisition of deferred share units by a director aligns the director's interests with those of the shareholders.
• The vesting of these units is contingent upon continued service, incentivizing the director to contribute to the company's success.

Key Dates