Research Summary
AI-generated summary of this SEC filing
Gogo (GOGO) 10% Owner Receives 19,354 Deferred Share Units
What Happened GTCR Partners XII/A&C LP, a reporting 10% owner of Gogo Inc. (GOGO), was granted 19,354 deferred share units on June 30, 2026. The award is reported as a derivative grant (Form 4 code A) with a reported acquisition price of $0.00 — these are not open-market purchases or sales. Per the filing, each deferred share unit represents the contingent right to one share of Gogo common stock; the units vest immediately but will be settled in shares only after the director’s termination of service.
Key Details
- Transaction date: 2026-06-30; Filing date: 2026-07-02 (no late filing indicated in the report).
- Instrument: 19,354 deferred share units (derivative award), reported at $0.00.
- Shares owned after transaction: Not separately reported for GTCR in this filing.
- Notable footnotes:
- F1: Each unit = right to one share.
- F2: Units granted to director Mark Anderson, vest immediately, settle in shares upon termination.
- F3–F4: Mr. Anderson is an employee of a GTCR affiliate and holds these securities on behalf of GTCR-affiliated entities; reporting persons disclaim beneficial ownership except for pecuniary interest.
- Transaction code: A = Award/Grant (not a purchase or sale).
Context This is an equity award (deferred share units) tied to director compensation, not an open-market trade — such grants are common for board pay and don’t by themselves indicate buy/sell sentiment. Because the units only convert to shares upon the director’s exit, they are a contingent (deferred) claim rather than immediately tradable stock. Also note this filing involves a large institutional holder/affiliate structure (GTCR) rather than an individual executive acting independently.