Lafrades Charles 4

What Happened
Charles Lafrades, GoPro's Chief Accounting Officer, was granted two restricted stock unit (RSU) awards on May 15, 2026 totaling 55,042 shares (30,042 and 25,000 RSUs). On the same date he relinquished 12,193 shares (disposed) at an indicated value of $1.11 per share to cover tax withholding obligations totaling $13,534. The awards are reported as acquisitions (code A) and the share relinquishment for taxes is reported under code F.

Key Details

• Transaction dates: May 15, 2026 (reported on Form 4 filed May 19, 2026). Filing appears timely.
• Grants: 30,042 RSUs (vest 100% on May 15, 2026; footnote F1) and 25,000 RSUs (vest over three years: one-sixth on each of the first six semi‑annual anniversaries beginning May 15, 2026; footnote F2).
• Tax withholding: 12,193 shares were relinquished/cancelled to satisfy federal and state withholding; reported value $1.11/share, total $13,534 (footnote F3). These shares were not sold on the open market.
• Shares owned after the transaction: not specified in the provided filing.
• Exemption/notes: Tax withholding treated as an exempt transaction under Section 16b-3(e) per the filing.

Context
RSU grants are a common form of executive compensation and do not necessarily indicate a buying or selling signal. The relinquishment of shares to cover taxes is routine (a cashless/withholding mechanism) and should not be interpreted as a market sale.