Oakleigh Thorne - 29 Mar 2022 Form 4 Insider Report for Gogo Inc. (GOGO)

Role
President and CEO, Director, 10%+ Owner
Signature
/s/ Margee Elias, Attorney-in-Fact for Oakleigh Thorne
Issuer symbol
GOGO
Transactions as of
29 Mar 2022
Net transactions value
-$412,242
Form type
4
Filing time
31 Mar 2022, 15:36:20 UTC
Previous filing
28 Mar 2022
Next filing
04 Jan 2023
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 +43,018 +13% 367,465 29 Mar 2022 Direct F1
transaction GOGO Common Stock Tax liability $412,242 -21,065 -5.7% $19.57 346,400 29 Mar 2022 Direct F2
holding GOGO Common Stock 100 29 Mar 2022 By Spouse
holding GOGO Common Stock 25,924,803 29 Mar 2022 By LLC F3, F4

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 -43,018 -25% $0.000000 129,051 29 Mar 2022 Common Stock 43,018 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the contingent right to receive one share of the Company's common stock or its equivalent value in cash.
F2 Shares of common stock netted out to pay tax liability associated with vesting.
F3 Reflects 25,785,267 shares of common stock held directly by Thorndale Farm Gogo, LLC. Thorndale Farm, Inc. is the managing member of Thorndale Farm Gogo, LLC. Mr. Thorne, as the chief executive officer of Thorndale Farm, Inc., may be deemed to have beneficial ownership of the shares of common stock held by Thorndale Farm, Inc. Mr. Thorne disclaims beneficial ownership of such shares of common stock except to the extent of any pecuniary interest therein and this report shall not be deemed an admission that Mr. Thorne is a beneficial owner of such shares of common stock for purposes of Section 16 or for any other purpose.
F4 Reflects 139,536 shares of common stock held directly by OAP, LLC. As the managing member of OAP, LLC, Mr. Thorne may be deemed to have beneficial ownership of the shares of common stock held by OAP, LLC. Mr. Thorne disclaims beneficial ownership of such shares of common stock except to the extent of any pecuniary interest therein and this report shall not be deemed an admission that Mr. Thorne is a beneficial owner of such shares of common stock for purposes of Section 16 or for any other purpose.
F5 On March 29, 2021, the reporting person was granted 172,069 restricted stock units, vesting in four equal annual installments on the first four anniversaries of March 29, 2021, subject to continued employment with the Company.