MCGEE BRIAN 4
Research Summary
AI-generated summary
GoPro CFO/COO Brian McGee Sells 25,735 Shares to Cover Taxes
What Happened
Brian McGee, EVP, CFO and COO of GoPro, relinquished (disposed of) 25,735 shares on February 17, 2026. The transaction is reported at $0.81 per share for a reported total of $20,758. This was not an open-market sale for cash gain but a tax-withholding action tied to vested restricted stock units (RSUs).
Key Details
- Transaction date: 2026-02-17 (reported on Form 4 filed 2026-02-19) — filing appears timely.
- Reported price: $0.81 per share; reported total value: $20,758.
- Shares disposed: 25,735 (cancelled by the issuer to satisfy tax withholding).
- Shares owned after transaction: not specified in the excerpt provided.
- Footnote: Exempt under Section 16b-3(e); shares were relinquished/cancelled in exchange for the issuer paying federal and state tax withholding on vested RSUs. The reporting person did not sell the shares for any purpose other than satisfying required taxes.
Context
This is a routine "sell-to-cover" (tax withholding) transaction related to RSU vesting, not an open-market sale or purchase. Such transactions are administrative and do not necessarily indicate the insider's view on the company’s stock.