Form 4: GoDaddy COO Roger Chen Sells 1,000 Shares Under 10b5-1 Plan

GoDaddy's Chief Operating Officer, Roger Chen, sold 1,000 shares of Class A Common Stock at $171.75 per share on April 15, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On April 15, 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 $171.75 per share.
• This transaction was conducted under a pre-existing 10b5-1 trading plan.
• Following the transaction, Chen directly owns 256,949 shares of GoDaddy Inc.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive's stock sale under a pre-arranged plan, indicating a neutral sentiment.

Industry Context

Sales by company executives are a normal part of corporate governance. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any inside information.

Comparison to Industry Standards

• Executive stock sales are common across publicly traded companies.
• 10b5-1 trading plans are a standard tool used by executives to avoid accusations of insider trading.
• Comparing Chen's holdings and trading activity to those of executives at similar tech companies like Wix or Squarespace would provide further context.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

GoDaddy, Roger Chen, GDDY, Class A Common Stock, 10b5-1 trading plan, insider trading, SEC Form 4, Chief Operating Officer