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

GoPro's CEO, Nicholas Woodman, disposed of 9,196 shares of Class A Common Stock on May 15, 2025, to cover tax liabilities associated with the vesting of restricted stock units.

Summary

• On May 15, 2025, Nicholas Woodman, CEO and Chairman of the Board of GoPro, Inc., disposed of 9,196 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 $0.6038.
• Following the transaction, Woodman beneficially owns 821,294 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The document describes a routine transaction (selling shares to cover taxes) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

This type of transaction, where executives sell shares to cover tax obligations related to vesting equity, is a common practice among publicly traded companies.

Comparison to Industry Standards

• Similar transactions are regularly observed across various tech companies where executives receive stock-based compensation.
• Companies like Apple, Microsoft, and Tesla also see executives periodically dispose of shares to manage their tax liabilities.
• The scale of the transaction is relatively small compared to the overall holdings of the CEO, which is typical for tax-related disposals.

Key Dates

Keywords

GoPro, Nicholas Woodman, GPRO, Form 4, SEC Filing, Stock Disposal, Tax Obligations, Restricted Stock Units, Beneficial Ownership