Form 4: GoDaddy CFO Mark McCaffrey Sells Shares Under 10b5-1 Plan

GoDaddy's Chief Financial Officer, Mark McCaffrey, executed sales of Class A Common Stock on April 1st and 2nd, 2025, under a pre-arranged 10b5-1 trading plan and to cover tax obligations related to vesting Restricted Stock Units.

Summary

• Mark McCaffrey, the Chief Financial Officer of GoDaddy Inc., sold shares of Class A Common Stock on April 1, 2025, and April 2, 2025.
• The sales on April 1, 2025, involved 5,500 shares at a price of $179.85 per share and were executed under a 10b5-1 trading plan.
• On April 2, 2025, 625 shares were sold at $179.61 per share to cover tax withholding obligations related to the vesting of Restricted Stock Units.
• Following these transactions, McCaffrey directly owns 114,750 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The document simply reports stock sales by an executive, which is a routine occurrence. The sales are partly due to a pre-arranged plan and tax obligations, mitigating any negative interpretation.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance or guidance.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies and are often part of pre-arranged trading plans (10b5-1) or to cover tax obligations. The market typically views these sales in the context of the executive's overall holdings and the reasons for the sale.

Comparison to Industry Standards

• Executive compensation practices, including equity grants and subsequent sales, are common across the tech industry.
• Companies like Amazon, Alphabet, and Microsoft also see regular filings of Form 4s related to executive stock transactions.
• The use of 10b5-1 trading plans is a standard practice to avoid accusations of insider trading, aligning with practices at companies like Salesforce and Oracle.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
• The sales to cover tax obligations related to vesting Restricted Stock Units could be seen as a positive for employees receiving equity compensation.

Key Dates

Keywords

GoDaddy, GDDY, Mark McCaffrey, CFO, Class A Common Stock, 10b5-1 trading plan, SEC Form 4, Share Sale, Restricted Stock Units, Tax Withholding