GoPro Founder Nicholas Woodman Maintains 25.6M Share Stake

TL;DR

**GoPro founder Nicholas Woodman still holds over 25 million shares, showing strong insider commitment.**

AI Summary

Nicholas Woodman, the founder of GoPro, Inc., has updated his beneficial ownership of GoPro Class A Common Stock as of December 31, 2023. The filing shows he beneficially owns a total of 25,621,766 shares, which includes 585,696 shares with sole voting and dispositive power, and 25,036,070 shares with shared voting and dispositive power, likely through the Woodman Family Trust. This matters to investors because it confirms the founder's significant, continued stake in the company, signaling his long-term commitment and alignment with shareholder interests.

Why It Matters

This filing confirms that GoPro's founder, Nicholas Woodman, retains a substantial ownership stake, which can be a positive signal of his confidence in the company's future performance.

Risk Assessment

Risk Level: low — The filing indicates a stable, significant insider ownership, which generally reduces risk by aligning management's interests with shareholders.

Analyst Insight

Investors should view this as a positive sign of insider confidence, potentially indicating stability and alignment of interests between the founder and shareholders. It might encourage a deeper look into GoPro's fundamentals.

Key Numbers

• 25,621,766 — Aggregate Shares Beneficially Owned (Total Class A Common Stock shares Nicholas Woodman owns in GoPro, Inc. as of December 31, 2023.)
• 585,696 — Shares with Sole Voting/Dispositive Power (Shares Nicholas Woodman controls independently.)
• 25,036,070 — Shares with Shared Voting/Dispositive Power (Shares Nicholas Woodman controls jointly, likely through the Woodman Family Trust.)
• December 31, 2023 — Date of Event (The date for which the ownership information is reported.)
• 38268T 10 3 — CUSIP Number (Unique identifier for GoPro's Class A Common Stock.)

Key Players & Entities

• Nicholas Woodman (person) — Founder and Reporting Person for GoPro, Inc.
• GoPro, Inc. (company) — The issuer of the Class A Common Stock
• Woodman Family Trust (company) — A group member associated with shared ownership
• 25,621,766 (dollar_amount) — Aggregate shares beneficially owned by Nicholas Woodman

Forward-Looking Statements

• Nicholas Woodman will continue to hold a significant stake in GoPro, signaling long-term commitment. (Nicholas Woodman) — high confidence, target: Next 12-24 months

FAQ

Key Financial Figures

• $0.0001 — ss of Securities Class A Common Stock, $0.0001 per share (e) CUSIP Number 38268T 1

Filing Documents

• tm244349d1_sc13ga.htm (SC 13G/A) — 44KB
• 0001104659-24-009554.txt ( ) — 46KB

From the Filing

SC 13G/A 1 tm244349d1_sc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 9)* GoPro, Inc. (Name of Issuer) Class A Common Stock, par value $.0001 per share (Title of Class of Securities) 38268T 10 3 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise Page 1 of 6 CUSIP No. 38268T 10 3 1. Names of Reporting Persons I.R.S. Identification No. of Above Persons (Entities Only) Nicholas Woodman 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨ 3. SEC Use Only 4. Citizenship or Place of Organization United States Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power**** 585,696 6. Shared Voting Power 25,036,070 7. Sole Dispositive Power**** 585,696 8. Shared Dispositive Power 25,036,070 9. Aggregate Amount Beneficially Owned by Each Reporting Person* 25,621,766 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ 11. Percent of Class Represented by Amount in Row (9)*** 17.0% 12. Type of Reporting Person (See Instructions) IN * See Item 4 below. Page 2 of 6 CUSIP No. 38268T 10 3 1. Names of Reporting Persons I.R.S. Identification No. of Above Persons (Entities Only) Woodman Family Trust under Trust Agreement dated March 11, 2011 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨ 3. SEC Use Only 4. Citizenship or Place of Organization California Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 0 6. Shared Voting Power 25,036,070 7. Sole Dispositive Power 0 8. Shared Dispositive Power 25,036,070 9. Aggregate Amount Beneficially Owned by Each Reporting Person* 25,036,070 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ 11. Percent of Class Represented by Amount in Row (9)*** 16.6% 12. Type of Reporting Person (See Instructions) OO * See Item 4 below. Page 3 of 6 Item 1. (a) Name of Issuer GoPro, Inc. (b) Address of Issuer’s Principal Executive Offices 3025 Clearview Way San Mateo, CA 94402 Item 2. (a) Name of Person(s) Filing Nicholas Woodman (b) Address of Principal Business Office or, if none, Residence c/o GoPro, Inc. 3025 Clearview Way San Mateo, CA 94402 (c) Citizenship United States (d) Title of Class of Securities Class A Common Stock, $0.0001 per share (e) CUSIP Number 38268T 10 3 Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a), (b), and (c) Reporting Persons Number of Shares With Sole Voting and Dispositive Power* Number of Shares With Shared Voting and Dispositive Power* Aggregate Number of Shares Beneficially Owned* Percentage of Class Beneficially Owned*** Nicholas Woodman 585,696**** 25,036,070 25,621,766 17.0% Woodman Family Trust under Trust Agreement dated March 11, 2011** 0 25,036,070 25,036,070 16.6% Page 4 of 6 * Represents shares of Class B Common Stock as of December 31, 2023. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock. The Class B Common Stock is also convertible into Class A Common Stock on the same basis upon certain transfers, whether or not for value, except for "Permitted Transfers" as defined in the Issuer's restated certificate of incorporation in effect as of the date hereof. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon the date when the outstanding shares of Class B Common Stock represent less than 10% of the aggregate number of shares of Common Stock then outstanding. ** Mr. Woodman and his spouse, Jill R. Woodman, are co-trustees of The Woodman Family Trust under Trust Agreement dated March 11, 2011. *** Based upon information contained in the Issuer&rsqu

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