Form 4: GoDaddy COO Roger Chen Sells 1,000 Shares Under 10b5-1 Plan
SEC Form 4 Filing
GoDaddy's Chief Operating Officer, Roger Chen, sold 1,000 shares of Class A Common Stock at a price of $174.21 per share on March 14, 2025, according to a Form 4 filing.
Summary
- On March 14, 2025, Roger Chen, the Chief Operating Officer of GoDaddy Inc., sold 1,000 shares of Class A Common Stock.
- The sale was executed at a price of $174.21 per share.
- The transaction was conducted under a pre-arranged 10b5-1 trading plan.
- Following the transaction, Chen directly owns 257,949 shares of GoDaddy Inc.
Sentiment
Score: 5
Explanation: The document reports a routine stock sale by an executive under a pre-arranged trading plan, which is neither particularly positive nor negative.
Industry Context
Sales by company executives are a normal part of corporate governance. It is important to note that the sale was executed under a pre-arranged 10b5-1 trading plan, which allows corporate insiders to sell company stock at predetermined times and prices to avoid accusations of insider trading.
Stakeholder Impact
- The sale of shares by a company executive could have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of stock sale transaction |
| 03/18/2025 | Date of Form 4 filing |
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