Barry L. Rowan - Dec 9, 2021 Form 4 Insider Report for Gogo Inc. (GOGO)

Role: EVP and CFO
Signature: /s/ Margee Elias, Attorney-in-Fact for Barry L. Rowan
Stock symbol: GOGO
Transactions as of: Dec 9, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/13/2021, 04:21 PM
Next filing: Jan 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GOGO	Common Stock	Options Exercise	$236K	+51.8K	+200.61%	$4.57	77.5K	Dec 9, 2021	Direct
transaction	GOGO	Common Stock	Options Exercise	$28.4K	+13.3K	+17.09%	$2.14^*	90.8K	Dec 9, 2021	Direct
holding	GOGO	Common Stock						110K	Dec 9, 2021	By Family Trust	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GOGO	Options (Right to Buy)	Options Exercise	-$122K	-26.8K	-44.18%	$4.57	33.8K	Dec 9, 2021	Common Stock	26.8K	$4.57	Direct	F2
transaction	GOGO	Options (Right to Buy)	Options Exercise	-$114K	-25K	-50%	$4.57	25K	Dec 9, 2021	Common Stock	25K	$4.57	Direct	F3
transaction	GOGO	Options (Right to Buy)	Options Exercise	-$28.4K	-13.3K	-25%	$2.14^*	39.8K	Dec 9, 2021	Common Stock	13.3K	$2.14	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects 109,594 shares previously owned directly, of which 30,000 shares were contributed to the Rowan Family Foundation on June 9, 2021 and 79,594 shares were similarly contributed on August 31, 2021.
F2	These options were granted on March 10, 2019 and are scheduled to vest and become exercisable in four equal annual installments on the first four anniversaries of the grant date, subject to continued employment with the Company.
F3	These options were granted on March 10, 2019. 50% of these options vested on December 31, 2020 and the remaining 50% are scheduled to vest on December 31, 2021.
F4	These options were granted on March 17, 2020 and are scheduled to vest and become exercisable in four equal annual installments on the first four anniversaries of the grant date, subject to continued employment with the Company.