GoPro CFO, COO McGee sells 150,043 shares at $1.24/share on August 20.

GoPro, Inc. [GPRO] has announced that Brian McGee, Executive Vice President, Chief Financial Officer, and Chief Operating Officer, has executed a transaction involving the sale of 150,043 shares at a price of $1.24 per share on August 20, 2025.

Title: GoPro, Inc. [GPRO] Executive Vice President Executes Share Sale

GoPro, Inc. [GPRO] has announced that Brian McGee, Executive Vice President, Chief Financial Officer, and Chief Operating Officer, has executed a transaction involving the sale of 150,043 shares at a price of $1.24 per share on August 20, 2025 [3]. This transaction is significant given the recent market volatility and the company's ongoing financial challenges.

The sale comes amidst a broader sell-off affecting megacap tech and semiconductor stocks, including GoPro, which has seen significant price fluctuations in recent months. On August 19, 2025, GoPro's shares fell 10.8% during the afternoon session, as investors took profits ahead of the Federal Reserve's Jackson Hole symposium [1]. This decline follows a recent 6.2% drop triggered by the company's second-quarter 2025 earnings report, which revealed an 18% year-over-year revenue decline to $152.6 million and a non-GAAP loss per share of $0.08, missing analyst expectations [1].

Despite a 15% gain since the start of the year, long-term performance remains weak; a $1,000 investment in GoPro five years ago would now be worth approximately $255.56. The stock is currently trading at $1.27 per share, which is 23.3% below its 52-week high of $1.65 from November 2024 [1].

The company's CEO has stated that the goal is to restore revenue growth and profitability starting in the fourth quarter of 2025. However, the ongoing challenges in the consumer electronics hardware sector and the broader market conditions have led to recent share price declines [1].

The transaction involving Brian McGee's share sale is part of the broader market dynamics affecting GoPro and other tech companies. The company continues to face market volatility and financial challenges, but the recent earnings report and the ongoing efforts to improve financial performance provide a basis for potential future growth.

References:
[1] https://www.indexbox.io/blog/gopro-stock-drops-108-amid-tech-sell-off/
[2] https://www.marketwatch.com/data-news/gopro-inc-stock-underperforms-wednesday-when-compared-to-competitors-466d1447-833241dfb30e
[3] https://www.stocktitan.net/sec-filings/GPRO/144-go-pro-inc-sec-filing-5bbca5987ce8.html