Form 4: GoDaddy Chief Accounting Officer Sells Shares for Tax Obligations
Insider Transaction Report
GoDaddy Inc.'s Chief Accounting Officer, Phontip Palitwanon, sold 684 shares of Class A Common Stock at $179.81 per share to cover tax withholding obligations related to vested Restricted Stock Units.
Summary
- Phontip Palitwanon, GoDaddy Inc.'s Chief Accounting Officer, disposed of 684 shares of Class A Common Stock on June 3, 2025.
- The shares were sold at a price of $179.81 per share.
- The sale was conducted to satisfy tax withholding obligations incurred from the vesting of Restricted Stock Units (RSUs).
- This transaction is in accordance with company policy, where shares are automatically sold to cover such obligations.
- Following the transaction, Phontip Palitwanon beneficially owns 23,371 shares of Class A Common Stock directly.
- A Power of Attorney document, dated March 31, 2025, authorizes individuals including Jessica Craig to sign and file SEC forms on behalf of Phontip Palitwanon.
Sentiment
Score: 5
Explanation: The document reports a routine, non-discretionary sale of shares for tax purposes, which is a neutral event and does not indicate any positive or negative sentiment regarding the company's performance or outlook.
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction, specifically a sale of shares by a corporate officer to cover tax obligations arising from equity compensation. Such transactions are common across all industries, particularly in technology companies that frequently use Restricted Stock Units (RSUs) as part of their executive compensation packages.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Authorization | Phontip Palitwanon granted a Power of Attorney to Fabiana Dixon, Marc Padwe, and Jessica Craig to manage EDGAR account administration, obtain credentials, and sign/file SEC Forms (ID, 3, 4, 5, 144) on her behalf. This ensures compliance with SEC filing requirements for insider transactions. | 2025-03-31 | Enhances efficiency and ensures timely and accurate compliance with Section 16(a) reporting obligations for the Chief Accounting Officer, reducing administrative burden and potential for filing errors. |
Stakeholder Impact
- Shareholders: The sale of 684 shares by a Chief Accounting Officer is a minor transaction relative to GoDaddy's total outstanding shares and is for a routine tax purpose, thus having negligible direct impact on existing shareholders or the company's stock price.
Key Dates
| Date | Description |
|---|---|
| 2025-03-31 | Date Power of Attorney was signed by Phontip Palitwanon. |
| 2025-06-03 | Date of transaction (sale of Class A Common Stock). |
| 2025-06-04 | Date the Form 4 was signed by Jessica Craig, Attorney-in-Fact. |
Keywords
GoDaddy, GDDY, SEC Form 4, Insider Trading, Stock Sale, Restricted Stock Units, Tax Withholding, Chief Accounting Officer, Executive Compensation
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