Form 4: Gogo VP Converts RSUs, Sells Shares for Tax

Gogo Inc.'s VP, Controller, and CAO, Leigh Goldfine, converted restricted stock units into common stock and subsequently sold a portion of those shares for tax withholding purposes.

Summary

• Leigh Goldfine, Gogo Inc.'s VP, Controller and CAO, acquired 3,067 shares of common stock on November 30, 2025, through the conversion of restricted stock units (RSUs).
• This conversion was part of a pre-scheduled vesting event from an RSU grant made on November 30, 2022, which vests in four equal annual installments.
• Following the conversion, Goldfine disposed of 1,044 shares of Gogo Inc. common stock at a price of $7.15 per share, primarily for tax withholding related to the RSU vesting.
• After these transactions, Goldfine beneficially owns 18,019 shares of Gogo Inc. common stock.
• Goldfine also beneficially owns 3,067 derivative securities, representing the remaining unvested restricted stock units.

Sentiment

Score: 5

Explanation: The filing details a routine insider transaction involving the vesting and conversion of restricted stock units and subsequent sale for tax purposes, which is a neutral event for the company's operational performance.

Positives

• Leigh Goldfine acquired 3,067 shares of common stock through the conversion of restricted stock units, increasing direct ownership from the vesting event.

Negatives

• Leigh Goldfine disposed of 1,044 shares of common stock, reducing direct ownership, primarily for tax withholding purposes.

Future Outlook

The remaining 3,067 restricted stock units are expected to vest on the fourth anniversary of the grant date (November 30, 2026), subject to continued employment with the Company.

Stakeholder Impact

• Shareholders: The conversion of RSUs results in minor dilution, which is a standard aspect of equity compensation plans.
• Employees (Leigh Goldfine): The reporting person received vested equity compensation as part of their employment agreement.

Next Steps

• The final installment of 3,067 restricted stock units is scheduled to vest on November 30, 2026.

Key Dates

Recommendation

This Form 4 details a routine insider transaction involving the vesting of restricted stock units and a subsequent sale of shares for tax withholding. Such pre-scheduled compensation events do not typically indicate a change in the company's fundamental prospects or management's confidence, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

Gogo Inc., GOGO, Leigh Goldfine, Form 4, insider transaction, restricted stock units, RSU conversion, common stock, beneficial ownership