Form 4: GoDaddy CFO Sells Shares to Cover Tax Obligations

GoDaddy's Chief Financial Officer, Mark McCaffrey, sold 2,684 shares of Class A Common Stock to cover tax withholding obligations related to vesting Restricted Stock Units.

Summary

• On September 4, 2024, Mark McCaffrey, the Chief Financial Officer of GoDaddy Inc., sold 2,684 shares of Class A Common Stock.
• The sale was executed to satisfy tax withholding obligations incurred in connection with the vesting of Restricted Stock Units.
• The shares were sold at a weighted average price ranging from $157.2303 to $157.2307 per share.
• Following the transaction, McCaffrey directly owns 98,602 shares of GoDaddy's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.

Stakeholder Impact

• The sale of shares by a high-ranking officer could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates