Key facts
- This page summarizes Thorndale Farm, Inc.'s Form 4 filing for Gogo Inc. (GOGO).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 10 May 2022, 16:00.
Thorndale Farm, Inc. - 06 May 2022 Form 4 Insider Report for Gogo Inc. (GOGO)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- GOGO
- Reported as of
- 06 May 2022
- Net transaction value
- +$7,999,998
- Reporting owner signature
- Thorndale Farm, Inc., By: Oakleigh Thorne, Chief Executive Officer, /s/ Oakleigh Thorne
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Thorndale Farm, Inc. filed Form 4 for Gogo Inc. (GOGO) on 10 May 2022.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: +$7,999,998.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
GOGO
transaction
Common Stock
Conversion of derivative security
- Transaction value
- $7,999,998
- Shares
- +1,333,333
- Change %
- +5.1%
- Price
- $6.00
- Shares after
- 27,258,136
- Date
- 06 May 2022
- Ownership
- See Footnote
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GOGO
transaction
Derivative
6.00% Convertible Senior Notes due 2022
Conversion of derivative security
- Transaction value
- $0
- Shares
- -8,000,000
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 06 May 2022
- Ownership
- See Footnote
- Underlying class
- Common Stock
- Underlying amount
- 1,333,333
- Exercise price
- $6.00
- Footnotes
- F1, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
The reported transaction involved the conversion of 6.00% Convertible Senior Notes due 2022, which were held by Thorndale Farm Private Equity 2, LLC, and concurrent assignment of the shares of common stock received in connection with such conversion to Thorndale Farm Gogo, LLC.
Footnote 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.
Footnote F3
Reflects 6.00% Convertible Senior Notes due 2022 held by Thorndale Farm Private Equity 2, LLC. Thorndale Farm, Inc., as the managing member of Thorndale Farm Private Equity 2, LLC, may be deemed to have beneficial ownership of the 6.00% Convertible Senior Notes due 2022 held by Thorndale Farm Private Equity 2, LLC. Thorndale Farm, Inc. and Mr. Thorne, as the Chief Executive Officer of Thorndale Farm, Inc., disclaim beneficial ownership of such 6.00% Convertible Senior Notes due 2022 except to the extent of any pecuniary interest therein and this report shall not be deemed an admission that Thorndale Farm, Inc. or Mr. Thorne is the beneficial owner of such 6.00% Convertible Senior Notes due 2022. In connection with the conversion, Thorndale Farm Private Equity 2, LLC assigned the shares of common stock received as a result of the conversion to Thorndale Farm Gogo, LLC.