Gordon Crystal L 4
4 · Gogo Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Gogo (GOGO) EVP Gordon Crystal Receives 43,801 Shares (12,592 Withheld)
What Happened
Gordon Crystal, Executive Vice President, General Counsel and Secretary of Gogo Inc., had 43,801 restricted stock units (RSUs) convert into 43,801 shares of common stock on March 21, 2026. To satisfy tax withholding, 12,592 of those shares were withheld at $4.26 per share, generating approximately $53,642 in tax payment. The RSU conversion/derivative cancellation is reflected as a 0.00 strike/value disposition entry for the derivative instrument.
Key Details
- Transaction date: March 21, 2026; Form 4 filed March 24, 2026 (appears timely).
- Vesting/conversion: 43,801 RSUs converted 1-for-1 into common shares.
- Tax withholding: 12,592 shares withheld at $4.26/share = $53,642 (reported as a disposition for tax payment).
- Net shares received by the insider: 43,801 - 12,592 = 31,209 shares.
- Shares owned after the transaction: not specified in the filing.
- Footnotes: F1 — RSUs convert to common stock on a one-for-one basis. F2 — These RSUs were part of a 175,202 RSU grant on March 21, 2025 vesting in four equal annual installments.
Context
This was a routine RSU vesting and tax-withholding event (not an open-market purchase or discretionary sale). The withholding of shares to cover taxes is common and does not by itself signal a buy or sell decision in the market. The filing shows conversion of the derivative award and share withholding rather than a cash exercise or market trade.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-21+43,801→ 86,461 total - Tax Payment
Common Stock
2026-03-21$4.26/sh−12,592$53,642→ 73,869 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-21−43,801→ 131,401 total→ Common Stock (43,801 underlying)
Footnotes (2)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]On March 21, 2025, the reporting person was granted 175,202 restricted stock units, vesting in four equal annual installments on the first four anniversaries of March 21, 2025, subject to continued employment with the Company.