Form 4: GoPro CEO Nicholas Woodman Disposes of Shares to Cover Tax Obligations

GoPro CEO Nicholas Woodman disposed of 22,543 shares of Class A Common Stock to cover tax obligations related to the vesting of restricted stock units.

Summary

• GoPro CEO and Chairman of the Board, Nicholas Woodman, has reported a transaction involving the disposal of 22,543 shares of Class A Common Stock.
• The transaction occurred on November 15, 2024.
• The shares were disposed of at a price of $1.21 per share.
• This disposal was not a sale but rather a relinquishment of shares to cover federal and state tax withholding obligations resulting from the vesting of restricted stock units.
• Following the transaction, Woodman beneficially owns 848,118 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction for an executive to cover tax obligations. It is not indicative of any significant positive or negative sentiment towards the company.

Management Comments

• The Reporting Person did not sell or otherwise dispose of any of the shares reported in this line item for any reason other than to cover required taxes.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to dispose of shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, particularly when dealing with stock-based compensation.
• Many companies use restricted stock units as part of their compensation packages, and the vesting of these units often triggers tax liabilities that executives cover by disposing of some of the shares.
• This type of transaction is not unique to GoPro and is a standard practice in the industry.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax-related disposal of shares by an executive.

Key Dates

Keywords

GoPro, Nicholas Woodman, SEC Form 4, Stock Disposal, Tax Obligations, Class A Common Stock, Restricted Stock Units, Insider Trading