Form 4: GoPro Officer Disposes Shares for Tax
Insider Transaction Report
GoPro's Chief Accounting Officer, Charles Lafrades, disposed of 5,548 Class A Common Stock shares to cover tax liabilities from restricted stock unit vesting.
Summary
- Charles Lafrades, Chief Accounting Officer of GoPro, Inc., disposed of 5,548 shares of Class A Common Stock.
- The transaction occurred on August 15, 2025, and was made pursuant to a Rule 10b5-1(c) plan.
- The shares were disposed of at a price of $1.35 per share.
- This disposition was an exempt transaction under Rule 16b-3(e), specifically for the payment of federal and state tax withholding obligations arising from the vesting of restricted stock units.
- Following this transaction, Charles Lafrades directly beneficially owns 127,987 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The transaction is a routine, non-discretionary disposition of shares to cover tax obligations from vested restricted stock units, which is a neutral event for the company's operational performance or stock valuation.
Positives
- The transaction is a routine tax-related disposition, indicating the vesting of restricted stock units, which is a form of compensation for the Chief Accounting Officer.
- The transaction was conducted under a Rule 10b5-1(c) plan, indicating it was pre-scheduled and not a discretionary sale based on new information.
Negatives
- The disposition reduces the direct beneficial ownership of the Chief Accounting Officer by 5,548 shares.
Risks
- The Power of Attorney document highlights that it does not relieve the undersigned (Charles Lafrades) from responsibility for compliance with Section 16 of the Exchange Act, including reporting requirements and potential disgorgement of profits under Section 16(b).
Future Outlook
Not applicable. This filing reports a past or planned insider transaction, not future company outlook.
Industry Context
This filing is a routine insider transaction disclosure specific to GoPro's Chief Accounting Officer and does not provide broader industry context or trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Charles Lafrades granted a Limited Power of Attorney to Jason Stephen, Tyler Gee, and Michelle Shores to prepare, execute, and file SEC forms (including Forms ID, 3, 4, 5, and 144) on his behalf, and to manage his EDGAR account. | August 2025 | This is a standard corporate governance practice to facilitate timely and accurate SEC filings for insiders, ensuring compliance with reporting obligations. |
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine tax-related disposition by an officer, not a discretionary sale or a significant change in ownership that would signal a shift in confidence.
Key Dates
| Date | Description |
|---|---|
| 08/15/2025 | Date of transaction for the disposition of Class A Common Stock. |
| 08/19/2025 | Date the Form 4 was signed and filed. |
Keywords
GoPro, GPRO, SEC Form 4, Insider Trading, Stock Disposition, Restricted Stock Units, Tax Withholding, Charles Lafrades, Chief Accounting Officer, Rule 10b5-1
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