Form 4: GoDaddy CFO Sells Shares to Cover Tax Obligations and Under 10b5-1 Plan
SEC Form 4
GoDaddy's Chief Financial Officer, Mark McCaffrey, sold shares of Class A Common Stock to cover tax obligations related to an employee stock purchase plan and pursuant to a pre-arranged 10b5-1 trading plan.
Summary
- On May 15, 2024, Mark McCaffrey, the Chief Financial Officer of GoDaddy Inc., sold shares of Class A Common Stock.
- 58 shares were sold at $135.4656 to cover tax withholding obligations related to the Employee Stock Purchase Plan (ESPP).
- An additional 4,000 shares were sold at $133.66 pursuant to a 10b5-1 trading plan.
- Following these transactions, McCaffrey directly owns 112,473 shares of Class A Common Stock, which includes 203 shares acquired under the ESPP on the same date.
Sentiment
Score: 5
Explanation: The document describes routine transactions (tax obligation coverage and pre-planned stock sales). It doesn't indicate positive or negative sentiment.
Future Outlook
NA
Industry Context
Sales by executives are a normal part of corporate governance. Sales to cover tax obligations related to stock compensation are common. Sales under 10b5-1 plans are pre-arranged and allow insiders to sell shares without being accused of trading on inside information.
Stakeholder Impact
- The sale of shares by the CFO could have a minor impact on shareholders, but the transactions are likely too small to significantly affect the stock price.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock sale and ESPP share purchase |
| 05/17/2024 | Date of Form 4 filing |
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