Sergio A. Aguirre - Mar 10, 2023 Form 4 Insider Report for Gogo Inc. (GOGO)

Role
President and COO
Signature
/s/ Crystal L. Gordon, Attorney-in-Fact for Sergio A. Aguirre
Stock symbol
GOGO
Transactions as of
Mar 10, 2023
Transactions value $
-$55,111
Form type
4
Date filed
3/14/2023, 04:20 PM
Previous filing
Mar 7, 2023
Next filing
Mar 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GOGO Common Stock Options Exercise +11.7K +15.74% 85.9K Mar 10, 2023 Direct F1
transaction GOGO Common Stock Tax liability -$55.1K -3.6K -4.18% $15.33 82.3K Mar 10, 2023 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 -8.76K -100% $0.00* 0 Mar 10, 2023 Common Stock 8.76K Direct F1, F2
transaction GOGO Performance Restricted Stock Units Options Exercise $0 -2.93K -100% $0.00* 0 Mar 10, 2023 Common Stock 2.93K 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.