Gogo Inc.·4

Mar 24, 8:25 PM ET

Gordon Crystal L 4

Research Summary

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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.