Form 4: GoDaddy CFO Sells 5,500 Shares Under 10b5-1 Trading Plan

GoDaddy's Chief Financial Officer, Mark McCaffrey, sold 5,500 shares of Class A Common Stock at $199.01 per share on January 2, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Mark McCaffrey, the Chief Financial Officer of GoDaddy Inc., sold 5,500 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. McCaffrey directly owns 84,300 shares of GoDaddy stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider stock sale under a pre-arranged plan, which is neither positive nor negative.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to sell shares to avoid accusations of insider trading.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The use of a 10b5-1 trading plan is a common method for executives to sell shares without raising concerns about insider trading, and is used by executives at companies such as Apple, Microsoft and Google.

Stakeholder Impact

• The sale of shares by a high-ranking executive may be of interest to shareholders, but the use of a 10b5-1 plan suggests it was pre-planned and not based on any new information.

Key Dates

Keywords

GoDaddy, GDDY, insider trading, Form 4, 10b5-1 plan, stock sale, Mark McCaffrey, CFO, equity securities