Form 4: GoDaddy CFO Sells Shares to Cover Tax Obligations

GoDaddy's Chief Financial Officer, Mark McCaffrey, sold 2,687 shares of Class A Common Stock to cover tax withholding obligations related to vesting Restricted Stock Units.

Summary

• Mark McCaffrey, the Chief Financial Officer of GoDaddy Inc., sold 2,687 shares of Class A Common Stock on June 4, 2024.
• The sale was executed at a price of $138.089 per share.
• The transaction was conducted to satisfy tax withholding obligations incurred in connection with the vesting of Restricted Stock Units.
• Following the transaction, McCaffrey directly owns 106,786 shares of Class A Common Stock.

Sentiment

Score: 5

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

Future Outlook

There are no forward-looking statements in this document.

Industry Context

Sales of shares by company executives are a normal part of corporate governance. It is common for executives to sell shares to cover tax obligations related to vesting equity awards. These sales are usually pre-planned and disclosed through SEC filings.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but it is a common practice to cover tax obligations.

Key Dates