Form 4: GoDaddy CEO Sells Shares to Cover Tax Obligations from RSU Vesting

GoDaddy Inc. CEO Amanpal Singh Bhutani sold 6,932 shares of Class A Common Stock for $179.81 per share on June 3, 2025, to satisfy tax withholding obligations related to vested Restricted Stock Units.

Summary

• Amanpal Singh Bhutani, the Chief Executive Officer and a Director of GoDaddy Inc. (GDDY), reported a transaction on June 3, 2025.
• The transaction involved the sale of 6,932 shares of GoDaddy Class A Common Stock.
• The shares were sold at a price of $179.81 per share.
• The purpose of the sale was to satisfy tax withholding obligations incurred due to the vesting of Restricted Stock Units (RSUs).
• This sale is in accordance with company policy, where shares are automatically sold to cover such obligations.
• Following this transaction, Mr. Bhutani beneficially owns 431,015 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral. The transaction is a non-discretionary sale to cover tax obligations from RSU vesting, which is a routine event and does not reflect a change in management's view of the company's prospects.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• "Represents shares of Class A Common Stock of the Issuer sold to satisfy the Reporting Person's tax withholding obligations, which were incurred in connection with the vesting of Restricted Stock Units. In accordance with company policy, shares are automatically sold to cover such obligations."

Industry Context

This specific Form 4 filing details a routine insider transaction for tax purposes and does not provide broader industry context or trends. Such sales are common for executives receiving equity compensation.

Stakeholder Impact

• Shareholders: The sale represents a minor dilution of outstanding shares, but it is a routine, non-discretionary transaction for tax purposes and is unlikely to have a significant impact on shareholder value or perception.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

GoDaddy, GDDY, Amanpal Singh Bhutani, CEO, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, RSU Vesting