TOWNSEND CHARLES C 4
4 · Gogo Inc. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Gogo (GOGO) Director Charles C. Townsend Buys 250,000 Shares
What Happened
Charles C. Townsend, a director of Gogo Inc. (GOGO), acquired 250,000 shares through open-market purchases: 91,409 shares on March 11, 2026 at a weighted average price of $4.54 (≈ $414,723) and 158,591 shares on March 12, 2026 at a weighted average price of $4.57 (≈ $723,984). Combined consideration for the two transactions was roughly $1,138,707. These were purchases (insider buys), which many investors view as a more informative signal than routine sales.
Key Details
- Transaction dates and prices:
- 2026-03-11: Purchase of 91,409 shares at $4.54 (weighted avg; range $4.48–$4.56) — footnote F1.
- 2026-03-12: Purchase of 158,591 shares at $4.57 (weighted avg; range $4.46–$4.65) — footnote F2.
- Total shares acquired: 250,000; total value ≈ $1.14 million.
- Shares were bought in multiple trades (weighted-average prices reported); Mr. Townsend purchased at least some shares in his personal account (F3).
- Some related holdings are held by the Charles C. Townsend III Trust (F4) and Pac 3, LLC (F5); Mr. Townsend may be deemed to have beneficial ownership of those holdings, but he disclaims beneficial ownership except for any pecuniary interest (F6).
- Filing timeliness: Form 4 filed March 13, 2026 disclosing transactions on March 11–12 — appears timely under standard two-business-day filing rules.
Context
These were straight open-market purchases (transaction code P) reported by a company director. Purchases by insiders can signal confidence, but filings do not state motivation. The filing notes weighted-average prices and that the purchases occurred in multiple trades; the reporting person has offered to provide per-trade price details on request.
Insider Transaction Report
- Purchase
Common Stock
[F1][F3]2026-03-11$4.54/sh+91,409$414,723→ 260,095 total - Purchase
Common Stock
[F2][F3]2026-03-12$4.57/sh+158,591$723,984→ 418,686 total
- 1,972,002(indirect: By Trust)
Common Stock
[F4][F6] - 2,120,344(indirect: By LLC)
Common Stock
[F5][F6]
Footnotes (6)
- [F1]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.48 to $4.56, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F2]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.46 to $4.65, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F3]Mr. Townsend purchased these shares in his personal account.
- [F4]Shares are held directly by the Charles C. Townsend III Trust. Mr. Townsend, as a co-trustee of the foregoing trust, may be deemed to have beneficial ownership of the shares held by it.
- [F5]Shares are held directly by Pac 3, LLC. Mr. Townsend, as the president of the foregoing company, may be deemed to have beneficial ownership of the shares held by it.
- [F6]Mr. Townsend disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.