Form 4: Gogo Inc. Executive Chair Oakleigh Thorne Reports Stock Transactions

Oakleigh Thorne, Executive Chair of Gogo Inc., reports the vesting of restricted stock units and subsequent disposition of shares to cover tax obligations.

Summary

• Oakleigh Thorne, the Executive Chair of Gogo Inc., filed a Form 4 detailing changes in beneficial ownership.
• On April 1, 2025, Thorne vested 56,548 restricted stock units (RSUs) which converted into common stock on a one-for-one basis.
• Also on April 1, 2025, Thorne disposed of 25,674 shares of common stock at a price of $8.42 to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Thorne directly owns 784,098 shares of common stock.
• Thorne also indirectly owns 100 shares through a spouse and 27,303,395 shares through Thorndale Farm Gogo, LLC and OAP, LLC.
• Thorne disclaims beneficial ownership of the indirectly held shares except to the extent of any pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the amounts are relatively small compared to the total outstanding shares.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Beneficial Ownership, Gogo Inc., Oakleigh Thorne, Stock Transaction, Restricted Stock Units, Executive Chair