Form 4: GoDaddy CEO Amanpal Singh Bhutani Sells Shares to Cover Tax Obligations

GoDaddy's CEO, Amanpal Singh Bhutani, sold 58,702 shares of Class A Common Stock on March 5, 2025, to cover tax withholding obligations related to vesting Restricted Stock Units.

Summary

• On March 5, 2025, Amanpal Singh Bhutani, the CEO of GoDaddy Inc., sold 58,702 shares of Class A Common Stock.
• The sale was executed at a price of $174.1136 per share.
• The transaction was conducted to satisfy tax withholding obligations incurred in connection with the vesting of Restricted Stock Units.
• Following the transaction, Bhutani directly owns 446,947 shares of GoDaddy's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover taxes). It's neutral in sentiment as it doesn't indicate positive or negative performance for the company.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are not necessarily indicative of a negative outlook on the company's future performance.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on other stakeholders.

Key Dates

Keywords

GoDaddy, Amanpal Singh Bhutani, GDDY, stock sale, Form 4, tax obligations, restricted stock units, CEO