Oakleigh Thorne - 31 Dec 2022 Form 4 Insider Report for Gogo Inc. (GOGO)

Role
CEO and Chairman, Director, 10%+ Owner
Signature
/s/ Crystal L. Gordon, Attorney-in-Fact for Oakleigh Thorne
Issuer symbol
GOGO
Transactions as of
31 Dec 2022
Net transactions value
$0
Form type
4
Filing time
04 Jan 2023, 17:20:59 UTC
Previous filing
31 Mar 2022
Next filing
07 Mar 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 +130,000 +38% 476,400 31 Dec 2022 Direct F1
holding GOGO Common Stock 100 31 Dec 2022 By Spouse
holding GOGO Common Stock 27,258,136 31 Dec 2022 See Footnote 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 GOGO Restricted Stock Units Options Exercise $0 -130,000 -78% $0.000000 37,500 31 Dec 2022 Common Stock 130,000 Direct F1, F3
* 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 Reflects (i) 27,118,600 shares of common stock held directly by Thorndale Farm Gogo, LLC and (ii) 139,536 shares of common stock held directly by OAP, 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 Gogo, LLC. Additionally, Mr. Thorne, as the managing member of OAP, LLC, may be deemed to have beneficial ownership of the shares of common stock held by OAP, LLC. Mr. Thorne and Thorndale Farm, Inc. disclaim beneficial ownership of such shares of common stock except, in each case, to the extent of any pecuniary interest therein and this report shall not be deemed an admission that Mr. Thorne or Thorndale Farm, Inc. is a beneficial owner of such shares of common stock for purposes of Section 16 or for any other purpose.
F3 75,000 of these restricted stock units vest in four equal installments on the first four anniversaries of March 17, 2020 and 130,000 of these restricted stock units will vest on December 31, 2022, in each case, subject to contined employment with the Company.