Form 4: GoDaddy CFO Sells Shares to Cover Tax Obligations

GoDaddy's Chief Financial Officer, Mark McCaffrey, sold 2,678 shares of Class A Common Stock to cover tax obligations related to vesting Restricted Stock Units.

Summary

• Mark McCaffrey, the Chief Financial Officer of GoDaddy Inc., sold 2,678 shares of Class A Common Stock on December 3, 2024.
• The sale was executed at a price of $196.6356 per share.
• This transaction was to cover tax withholding obligations incurred from the vesting of Restricted Stock Units.
• The sale was automatic, in accordance with company policy, to cover these tax obligations.
• Following the transaction, Mr. McCaffrey directly owns 89,800 shares of GoDaddy Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral event, a routine transaction for tax purposes, and not indicative of any positive or negative sentiment towards the company.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold is relatively small compared to the total shares owned by the CFO, which is typical for these types of transactions.
• Similar transactions are regularly reported by executives at companies like Amazon, Microsoft, and Google.

Stakeholder Impact

• The sale of shares by the CFO is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

GoDaddy, GDDY, SEC Form 4, insider trading, stock sale, Mark McCaffrey, CFO, tax obligations, restricted stock units