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

GoPro's CEO, Nicholas Woodman, disposed of 18,631 shares of Class A Common Stock on August 15, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• On August 15, 2024, Nicholas Woodman, CEO and Chairman of the Board of GoPro, Inc., disposed of 18,631 shares of Class A Common Stock.
• The transaction was executed to cover federal and state tax withholding obligations resulting from the vesting of restricted stock units.
• The shares were relinquished by Woodman and cancelled by GoPro in exchange for the company's agreement to pay the tax obligations.
• The price per share for the transaction was $1.25.
• Following the transaction, Woodman beneficially owns 870,661 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The document describes a routine transaction (disposal of shares to cover tax obligations). It doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation and tax planning. The sale of shares to cover tax obligations is a routine practice and doesn't necessarily indicate a change in the executive's confidence in the company.

Key Dates