Director and 10% owner Oakleigh Thorne filed a Form 4 with the SEC on November 9, 2026, disclosing the cash exercise of 125,000 stock options in Gogo Inc. on November 5, 2026.

Key Highlights

  • Transaction: Thorne acquired 125,000 shares of common stock through the cash exercise of stock options at a price of $2.14 per share on November 5, 2026.
  • No market sale: According to the filing, the transaction "did not involve a sale of shares or other transaction with the market."
  • Direct holdings after transaction: Thorne directly holds 1,552,929 shares of common stock following the reported transaction.
  • Indirect holdings: Thorne is attributed indirect beneficial ownership of 27,303,395 additional shares, comprising shares held by Thorndale Farm Gogo, LLC and OAP, LLC.
  • Options extinguished: The 125,000 options exercised, which carried a conversion price of $2.14 and an expiration date of March 17, 2030, now show zero remaining derivative securities beneficially owned.
  • Option vesting history: The filing states the options "vested and became exercisable in four equal installments on the first four anniversaries of March 17, 2020, subject to continued employment with the Company."

Thorne's Option Exercise and Beneficial Ownership at Gogo Inc.

Oakleigh Thorne, identified in the filing as both a Director and 10% Owner of Gogo Inc. (NASDAQ:GOGO), reported the cash exercise of 125,000 stock options on November 5, 2026. The exercise price was $2.14 per share. The filing specifies that this was a direct transaction between Thorne and the issuer and did not involve any open-market sale of shares.

Following the transaction, Thorne's direct beneficial ownership of Gogo common stock stands at 1,552,929 shares. The filing also records 100 shares held indirectly by Thorne's spouse. The larger indirect position of 27,303,395 shares reflects 27,163,859 shares held directly by Thorndale Farm Gogo, LLC and 139,536 shares held directly by OAP, LLC. The filing notes that Thorne serves as chief executive officer of Thorndale Farm, Inc., the managing member of Thorndale Farm Gogo, LLC, and as managing member of OAP, LLC. The filing states that Thorne and Thorndale Farm, Inc. "disclaim beneficial ownership of such shares of common stock except, in each case, to the extent of any pecuniary interest therein."

The options exercised had an expiration date of March 17, 2030, and were originally granted with vesting in four equal installments on the first four anniversaries of March 17, 2020. After the exercise, the filing shows zero remaining options of this series in Thorne's beneficial ownership. The Form 4 was signed by Lauren Stigall as attorney-in-fact for Oakleigh Thorne and dated November 9, 2026.

What Was Disclosed

The filing reports Oakleigh Thorne's cash exercise of 125,000 Gogo Inc. stock options at $2.14 per share on November 5, 2026, with no accompanying market sale, resulting in direct ownership of 1,552,929 shares and attributed indirect ownership of over 27 million additional shares.