Sergio A. Aguirre - 10 Mar 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
Issuer symbol: GOGO
Transactions as of: 10 Mar 2023
Net transactions value: -$55,111
Form type: 4
Filing time: 14 Mar 2023, 16:20:01 UTC
Previous filing: 07 Mar 2023
Next filing: 21 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		+11,687	+16%		85,936	10 Mar 2023	Direct	F1
transaction	GOGO	Common Stock	Tax liability	$55,111	-3,595	-4.2%	$15.33	82,341	10 Mar 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	-8,762	-100%	$0.000000^*	0	10 Mar 2023	Common Stock	8,762		Direct	F1, F2
transaction	GOGO	Performance Restricted Stock Units	Options Exercise	$0	-2,925	-100%	$0.000000^*	0	10 Mar 2023	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.