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

GTCR Partners XII/A&C LP reports the acquisition of deferred share units in Gogo Inc. on March 31, 2024, through director Mark Anderson's compensation.

Summary

• GTCR Partners XII/A&C LP, along with GTCR Investment XII LLC, filed a Form 4 regarding changes in beneficial ownership of Gogo Inc. securities.
• The report details the acquisition of 6,833 deferred share units by Mark Anderson, a director of Gogo Inc., on March 31, 2024.
• These units are fully vested upon grant and will be settled in common stock after Mr. Anderson's service on the board terminates.
• Mr. Anderson is an employee of GTCR LLC, and the securities are held on behalf of GTCR-affiliated entities.
• GTCR Partners XII/A&C LP is the general partner of Silver (Equity) Holdings, LP and the manager of Silver (XII) Holdings, LLC, which hold securities of Gogo Inc.
• GTCR Investment XII LLC manages GTCR Partners XII/A&C LP and is overseen by a seven-member board.
• The reporting persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine filing related to director compensation. No significant positive or negative implications are immediately apparent.

Positives

• The acquisition of deferred share units indicates continued investment and confidence in Gogo Inc. by GTCR Partners XII/A&C LP.

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 practice for reporting changes in beneficial ownership by significant shareholders and directors, ensuring transparency in the market.

Stakeholder Impact

• The acquisition of deferred share units by a director could be viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates