Oakleigh Thorne - Mar 3, 2025 Form 4 Insider Report for Gogo Inc. (GOGO)

Role
Director, 10%+ Owner
Signature
/s/ Crystal L. Gordon, Attorney-in-Fact for Oakleigh Thorne
Stock symbol
GOGO
Transactions as of
Mar 3, 2025
Transactions value $
-$97,780
Form type
4
Date filed
3/5/2025, 04:33 PM
Previous filing
Apr 3, 2024
Next filing
Mar 18, 2025
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 +37.8K +5.75% 695K Mar 3, 2025 Direct F1
transaction GOGO Common Stock Tax liability -$97.8K -13.9K -2% $7.03 681K Mar 3, 2025 Direct
holding GOGO Common Stock 100 Mar 3, 2025 By Spouse
holding GOGO Common Stock 27.3M Mar 3, 2025 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 -37.8K -33.33% $0.00 75.6K Mar 3, 2025 Common Stock 37.8K 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 On March 3, 2023, the reporting person was granted 151,240 restricted stock units, vesting in four equal annual installments on the first four anniversaries of March 3, 2023, subject to continued employment with the Company.