Form 4: GoDaddy CFO Sells Shares to Cover Tax Obligations

GoDaddy's Chief Financial Officer, Mark McCaffrey, sold shares of Class A Common Stock to cover tax withholding obligations related to the company's Employee Stock Purchase Plan.

Summary

• On May 16, 2025, Mark McCaffrey, the Chief Financial Officer of GoDaddy Inc., sold 16 shares of Class A Common Stock at a price of $190.43.
• The sale was executed to satisfy tax withholding obligations incurred in connection with the purchase of shares under GoDaddy's 2024 Employee Stock Purchase Plan.
• Following the transaction, McCaffrey beneficially owns 77,401 shares of Class A Common Stock, which includes 167 shares acquired on May 15, 2025, under the Employee Stock Purchase Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations. It doesn't indicate any significant positive or negative outlook for the company.

Positives

• The CFO's participation in the Employee Stock Purchase Plan demonstrates confidence in the company.
• The automatic sale of shares to cover tax obligations is a standard company policy.

Industry Context

Sales of shares to cover tax obligations are a common practice among executives who participate in employee stock purchase plans. This activity is generally viewed as routine and doesn't necessarily indicate a lack of confidence in the company's future prospects.

Comparison to Industry Standards

• Executive compensation packages often include stock options and employee stock purchase plans, leading to periodic sales of shares to cover tax liabilities.
• Companies like Amazon, Google, and Microsoft also have similar plans in place for their employees and executives.

Stakeholder Impact

• The sale of shares has a minimal impact on shareholders as it is a small transaction related to tax obligations.

Key Dates

Keywords

GoDaddy, GDDY, CFO, Mark McCaffrey, share sale, Form 4, Employee Stock Purchase Plan, tax obligations, Class A Common Stock