Marguerite M. Elias - 10 Mar 2022 Form 4 Insider Report for Gogo Inc. (GOGO)

Role: EVP, Gen Counsel and Secy
Signature: Marguerite M. Elias
Issuer symbol: GOGO
Transactions as of: 10 Mar 2022
Net transactions value: -$60,747
Form type: 4
Filing time: 14 Mar 2022, 11:21:35 UTC
Previous filing: 22 Feb 2022
Next filing: 21 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GOGO	Common Stock	Options Exercise		+11,687	+19%		73,528	10 Mar 2022	Direct	F1
transaction	GOGO	Common Stock	Tax liability	$60,747	-3,538	-4.8%	$17.17	69,990	10 Mar 2022	Direct

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	GOGO	Restricted Stock Units	Options Exercise	$0	-8,762	-50%	$0.000000	8,762	10 Mar 2022	Common Stock	8,762		Direct	F1, F2
transaction	GOGO	Performance Restricted Stock Units	Options Exercise	$0	-2,925	-50%	$0.000000	2,925	10 Mar 2022	Common Stock	2,925		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	On March 10, 2019, the reporting person was granted 35,050 restricted stock units, vesting in four equal annual installments on the first four anniversaries of March 10, 2019, subject to continued employment with the Company.
F3	Following the elimination of the performance conditions for these restricted stock units by the Compensation Committee of the Company, these restricted stock units provided for vesting in four annual installments beginning on the first anniversary of March 10, 2019, subject to continued employment with the Company.