Form 4: GoDaddy CEO Sells 3,000 Shares Under 10b5-1 Trading Plan

GoDaddy's CEO, Amanpal Singh Bhutani, sold 3,000 shares of Class A Common Stock at $199.01 per share on January 2, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Amanpal Singh Bhutani, the CEO of GoDaddy Inc., sold 3,000 shares of Class A Common Stock on January 2, 2025.
• The sale was executed at a price of $199.01 per share.
• This transaction was conducted under a pre-established 10b5-1 trading plan.
• Following the transaction, Mr. Bhutani directly owns 333,153 shares of GoDaddy stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, with no indication of positive or negative sentiment. It is a neutral event.

Industry Context

This is a routine transaction for executives who often use 10b5-1 plans to manage their stock sales and avoid accusations of insider trading. It is not unusual for executives to sell shares for personal financial planning.

Comparison to Industry Standards

• Sales under 10b5-1 plans are common among executives at publicly traded companies, including those in the technology sector like GoDaddy.
• Similar transactions are frequently seen at companies like Amazon, Microsoft, and Google, where executives use these plans to manage their stock holdings.
• The volume of shares sold is relatively small compared to the total outstanding shares of GoDaddy, and is not unusual for a CEO's planned sales.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, employees, customers, or suppliers as it is a routine transaction under a pre-arranged plan.

Key Dates

Keywords

GoDaddy, GDDY, CEO, Amanpal Singh Bhutani, stock sale, 10b5-1 trading plan, insider trading, Class A Common Stock