Oakleigh Thorne - Mar 17, 2024 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
Stock symbol
GOGO
Transactions as of
Mar 17, 2024
Transactions value $
$0
Form type
4
Date filed
3/19/2024, 05:07 PM
Previous filing
Mar 5, 2024
Next filing
Mar 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GOGO Common Stock Options Exercise +18.8K +3.27% 592K Mar 17, 2024 Direct F1
holding GOGO Common Stock 100 Mar 17, 2024 By Spouse
holding GOGO Common Stock 27.3M Mar 17, 2024 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 -18.8K -100% $0.00* 0 Mar 17, 2024 Common Stock 18.8K 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 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 vested and settled on December 31, 2022, in each case, subject to continued employment with the Company.