---
schema_version: "secwatch.filing_event.v1"
accession: "0001500435-26-000021"
form_type: "8-K"
ticker: "GPRO"
cik: "0001500435"
company_name: "GoPro, Inc."
filed_at: "2026-05-19T20:39:50+00:00"
generated_at: "2026-05-19T20:42:47.039969+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# GoPro retains Houlihan Lokey for strategic alternatives including potential sale; leases new HQ

## Summary
- GoPro hired Houlihan Lokey to advise on strategic alternatives including a sale following unsolicited interest from defense, consumer, and financial sectors.
- New HQ lease at 2855 Campus Drive, San Mateo: ~25,000 sq ft, Jan 2027 start, ~$87.5k/month base rent, 3% annual escalation, expires Dec 2031.
- CEO Woodman: 'substantial unrecognized value' via sale; Board supports review; no timetable set.
- Houlihan Lokey (financial) and Fenwick & West (legal) retained as advisors.

## SEC filing metadata
- accession: 0001500435-26-000021
- form_type: 8-K
- ticker: GPRO
- cik: 0001500435
- company_name: GoPro, Inc.
- filed_at: 2026-05-19T20:39:50+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500435/000150043526000021/0001500435-26-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500435/000150043526000021/gpro-20260416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001500435-26-000021
- JSON: https://secwatch.observer/filing/0001500435-26-000021.json
- Plain text: https://secwatch.observer/filing/0001500435-26-000021.txt

## Key facts
- Material Agreements
  GoPro, Inc. entered into Lease with PenLark, L.P. valued at approximately $87,500 per month (effective 2026-04-16).
  - Action: entry
  - Agreement: lease
  - Counterparty: PenLark, L.P.
  - Value: approximately $87,500 per month
  - Effective: 2026-04-16
  source text: On April 16, 2026, GoPro, Inc. (the “Company”), entered into a lease agreement (the “Lease”) with PenLark, L.P. (the “Landlord”), pursuant to which the Company will lease approximately 25,000 square feet of space located at 2855 Campus Drive, San Mateo, CA 94403 (the “Premises”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500435/000150043526000021/0001500435-26-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.