Cotner Zachary 4

What Happened

• Zachary Cotner, Chief Financial Officer of Gogo Inc. (GOGO), had 50,539 restricted stock units (RSUs) convert into 50,539 common shares on March 21, 2026. To satisfy tax withholding, 22,110 of those shares were withheld at $4.26 per share, totaling $94,189. After withholding, Cotner received 28,429 net shares.
• The Form 4 shows the conversion/exercise of the derivative (code M) and a tax/withholding disposition (code F). One entry records the 50,539-share conversion and another records the 22,110-share withholding; a separate line shows a derivative-related disposition at $0 consistent with RSU conversion mechanics.

Key Details

• Transaction date: March 21, 2026; filing date: March 24, 2026 (no indication in the provided excerpt that the filing was late).
• Shares converting: 50,539 RSUs → 50,539 common shares.
• Withheld for taxes: 22,110 shares @ $4.26 = $94,189.
• Net shares issued to insider: 28,429.
• Footnotes: F1 — RSUs convert one-for-one into common stock. F2 — These RSUs were part of a March 21, 2025 grant of 202,156 RSUs vesting in four equal annual installments (50,539 shares per year).
• Shares owned after transaction: not specified in the provided excerpt.

Context

• This was a vesting/settlement of RSUs, not an open-market purchase or voluntary sale; share withholding to cover taxes is routine and does not necessarily indicate a change in sentiment.
• The filing uses code M for the derivative conversion and F for the tax-withholding disposition. The separate $0 disposition line reflects internal mechanics of RSU settlement rather than a cash sale to the market.
• For retail investors, purchases are often the stronger bullish signal; RSU vesting and withholding are common compensation events and primarily tax-driven.