Eve T. Saltman - 17 May 2021 Form 4 Insider Report for GoPro, Inc. (GPRO)

Signature
Jason Stephen, Attorney-in-Fact for Eve T. Saltman
Issuer symbol
GPRO
Transactions as of
17 May 2021
Net transactions value
-$188,100
Form type
4
Filing time
19 May 2021, 18:48:39 UTC
Next filing
18 Aug 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GPRO Class A Common Stock Award $0 +10,675 +4.9% $0.000000 228,060 17 May 2021 Direct F1
transaction GPRO Class A Common Stock Options Exercise $24,480 +6,000 +2.6% $4.08 234,060 17 May 2021 Direct
transaction GPRO Class A Common Stock Sale $163,894 -17,000 -7.3% $9.64 217,060 17 May 2021 Direct F2, F3
transaction GPRO Class A Common Stock Tax liability $12,867 -1,301 -0.6% $9.89 215,759 17 May 2021 Direct F4
transaction GPRO Class A Common Stock Options Exercise $24,480 +6,000 +2.8% $4.08 221,759 18 May 2021 Direct
transaction GPRO Class A Common Stock Sale $60,300 -6,000 -2.7% $10.05 215,759 18 May 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GPRO Employee Stock Option (right to buy) Award $0 +9,218 $0.000000 9,218 17 May 2021 Class A Common Stock 9,218 $9.89 Direct F5
transaction GPRO Employee Stock Options (right to buy) Options Exercise $0 -6,000 -7.4% $0.000000 75,019 17 May 2021 Class A Common Stock 6,000 $4.08 Direct F6
transaction GPRO Employee Stock Options (right to buy) Options Exercise $0 -6,000 -8% $0.000000 69,019 18 May 2021 Class A Common Stock 6,000 $4.08 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock units ("RSUs") that vest over a four-year period as follows: 25% of the RSUs shall vest on May 15, 2022, and 25% of the RSUs shall vest each annual anniversary thereafter, subject to the Reporting Person's continuous service.
F2 The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F3 The reported price in Column 4 of Table I is a weighted average price. These shares of Class A Common Stock were sold in multiple transactions at prices ranging from $9.53 to $9.76, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote of this Form 4.
F4 Exempt transaction pursuant to Section 16b-3(e) - Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
F5 The option vests over a four-year period as follows: 25% of the underlying shares shall vest on May 15, 2022, and 1/48 of the shares shall vest monthly thereafter, subject to the Reporting Person's continuous service.
F6 The option vests over a four-year period as follows: 25% of the underlying shares vested on February 15, 2021, and 1/48 of the shares shall vest monthly thereafter, subject to the Reporting Person's continuous service.