GoPro (GPRO) CAO Charles Lafrades Surrenders 2,894 Shares for Taxes

What Happened Charles Lafrades, Chief Accounting Officer of GoPro, surrendered 2,894 shares on Aug 17, 2026 at $0.61 per share (total ≈ $1,778) to satisfy federal and state tax withholding obligations arising from the vesting of restricted stock units. This was a tax-withholding/cancelled-share transaction (code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-08-17, 2,894 shares at $0.61 each (≈ $1,778).
• Transaction type: Code F — payment of tax liability by delivering/withholding shares; exempt under Section 16b-3(e).
• Footnote: Shares were relinquished and cancelled by the issuer in exchange for the issuer paying the Reporting Person’s withholding obligations; shares were not sold on the market.
• Filing: Form 4 filed 2026-08-19 for the Aug 17 transaction — a timely filing (within the usual two-business-day window).
• Shares owned after transaction: Not specified in the provided filing.

Context This was a routine "sell-to-cover" or share-surrender to meet tax withholding from RSU vesting, not a discretionary sale that signals a change in investment stance. The small dollar amount (~$1.8K) and the issuer-cancelled nature make this an administrative transaction rather than meaningful insider selling.