Oakleigh Thorne - Mar 29, 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
Stock symbol: GOGO
Transactions as of: Mar 29, 2022
Transactions value $: -$412,242
Form type: 4
Date filed: 3/31/2022, 03:36 PM
Previous filing: Mar 28, 2022
Next filing: Jan 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GOGO	Common Stock	Options Exercise		+43K	+13.26%		367K	Mar 29, 2022	Direct	F1
transaction	GOGO	Common Stock	Tax liability	-$412K	-21.1K	-5.73%	$19.57	346K	Mar 29, 2022	Direct	F2
holding	GOGO	Common Stock						100	Mar 29, 2022	By Spouse
holding	GOGO	Common Stock						25.9M	Mar 29, 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	-43K	-25%	$0.00	129K	Mar 29, 2022	Common Stock	43K		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.