Form 4: Gogo Inc. Director Oakleigh Thorne Reports Stock Transactions
SEC Form 4 Filing
Oakleigh Thorne, a director and 10% owner of Gogo Inc., reports the vesting and subsequent disposal of restricted stock units, along with adjustments to his direct and indirect holdings of common stock.
Summary
- On March 3, 2025, Oakleigh Thorne, a director of Gogo Inc., had restricted stock units vest and convert into 37,810 shares of common stock.
- Thorne disposed of 13,909 shares to cover tax obligations at a price of $7.03 per share.
- Following these transactions, Thorne directly owns 681,168 shares of common stock.
- Thorne also indirectly owns 27,258,136 shares through Thorndale Farm Gogo, LLC and OAP, LLC.
- He disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest.
- The reported transactions include the vesting of restricted stock units granted on March 3, 2023, which vest in four equal annual installments.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership percentages.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/03/2023 | Reporting person was granted 151,240 restricted stock units, vesting in four equal annual installments on the first four anniversaries of this date. |
| 03/03/2025 | Date of transaction: vesting of restricted stock units and disposal of shares for tax obligations. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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