GoTo Provides Full Explanation on Deputy Director's Share Sale, Here's the Content!
Jakarta, CNBC Indonesia - Management of PT GoTo Gojek Tokopedia Tbk (GOTO) has provided an explanation regarding reports on the sale of company shares by Deputy Director Catherine Hindra Sutjahyo, which occurred recently.
In response to a letter from the Indonesia Stock Exchange (BEI), GOTO released a Disclosure of Information (KI) on Tuesday (31/3/2026) addressing questions about the background of the transaction, price determination, and information related to the GoTo Peopleverse Fund (GPF).
“As disclosed by Catherine Hindra Sutjahyo in Share Ownership Report No. LK/17032026/0019/1 dated 17 March 2026, the exercise of ESOP shares was carried out and the subsequent sale of those shares by Catherine Hindra Sutjahyo was a transaction for personal and family purposes,” stated GoTo’s management in the BEI disclosure of information, quoted on Tuesday (31/3/2026).
Regarding the determination of the share option price for Catherine at Rp2 and the sale at Rp52, GOTO explained that this had been disclosed in the company’s Initial Public Offering (IPO) prospectus.
“Furthermore, in the Company’s Initial Public Offering Prospectus on pages 13 and 325, it was disclosed that the share option exercise price ranges from Rp2 to Rp202 per share, depending on each share option agreement between GPF and the Participants,” as quoted from the GOTO Disclosure of Information document.
Based on the agreement between GPF and Catherine Hindra Sutjahyo, the share options exercised by Catherine Hindra Sutjahyo on 16 March 2026 were share options with an exercise price of Rp2 per share. The granting of these share options, including the exercise price, was approved by the Nomination and Remuneration Committee and the Board of Commissioners in accordance with applicable laws and regulations, while the share sale price followed the market price on 16 March 2026 and 17 March 2026.
In the KI document, GOTO also explained GPF as the entity that manages and administers the share ownership option programme for employees.
As disclosed in the Company’s Initial Public Offering Prospectus, the number of share options that can be administered by GPF is up to 106,908,291,844, where each share option can be exercised into one Series A Share of the Company owned by GPF.
As of 10 March 2022, the number of Participants eligible to receive share options from GPF was 10,394 Participants, and GPF had allocated 81,427,187,311 share options to those Participants. As of 27 March 2026, GPF holds 38,491,941,873 Series A Shares of the Company, either directly or indirectly, with the number of allocated share options amounting to 28,796,054,944 to 3,127 Participants.