- The foundation created by GoPro (NASDAQ:GPRO) founders Nicholas and Jill Woodman "has no current intention" of selling the 5.8M shares its has been gifted, the WSJ reports.
- Sources add the lockup release provided for the shares "was only done to make the transfer tax-efficient, as an unrestricted gift."
- Shares -0.6% AH in spite of the report. GoPro fell 6.9% in regular trading in response to the Woodmans' move.