GoPro (GPRO) Founder Files 13D

In a 13D filing on GoPro (NASDAQ: GPRO), hedge fund Silicon Valley Community Foundation disclosed a 22.1%, or 5,821,739 share, stake in the company. The move was announced earlier this month. The foundation has no plans to sell shares this year but will began selling shares in 2015.

More from the 13D:

The Foundation received a donation of 5,821,739 shares (the “SVCF Shares”) of the Class A Common Stock as a gift from Nicholas Woodman and Jill R. Woodman, as Co-Trustees of The Woodman Family Trust under Trust Agreement dated March 11, 2011 for no consideration.

As described above, the Foundation received the SVCF Shares as a donation. The Reporting Persons do not intend to sell any SVCF Shares during the remainder of 2014. The Reporting Persons anticipate selling a portion of the SVCF shares in 2015 and afterwards, but have not yet determined the quantity of shares to be sold or the time period in which such sales will occur.

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