Form 4: GoDaddy COO Roger Chen Sells 1,000 Shares Under Pre-Arranged Trading Plan

GoDaddy Inc.'s Chief Operating Officer, Roger Chen, sold 1,000 shares of Class A Common Stock for $175.96 per share on June 16, 2025, as part of a pre-established Rule 10b5-1 trading plan.

Summary

• Roger Chen, Chief Operating Officer of GoDaddy Inc., sold 1,000 shares of the company's Class A Common Stock.
• The transaction occurred on June 16, 2025, at a price of $175.96 per share.
• Following this sale, Mr. Chen beneficially owns 254,949 shares of GoDaddy Class A Common Stock.
• The sale was executed pursuant to a Rule 10b5-1 trading plan, which allows insiders to sell shares at a predetermined time or price to avoid accusations of trading on inside information.
• A Power of Attorney dated March 31, 2025, authorizes specific individuals, including Jessica Craig, to sign and file SEC forms on behalf of Roger Chen.

Sentiment

Score: 5

Explanation: The transaction is a routine insider sale conducted under a pre-arranged 10b5-1 plan, which typically has a neutral impact on market sentiment as it is not indicative of new information or a change in management's outlook.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled transaction rather than a reaction to recent non-public information, which can reduce concerns about insider selling.

Negatives

• An insider sale, even under a 10b5-1 plan, reduces the direct ownership stake of a key executive in the company.

Risks

• While mitigated by the 10b5-1 plan, any insider selling can sometimes be misinterpreted by the market as a lack of confidence, potentially leading to negative sentiment.

Future Outlook

The document does not contain explicit forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• The shares were sold pursuant to a 10b5-1 trading plan.

Industry Context

This SEC Form 4 filing details an individual insider transaction and does not provide broader insights into industry trends or competitive dynamics within the domain registration and web hosting sector.

Comparison to Industry Standards

• This document reports a specific insider stock transaction and does not contain financial results or operational metrics that can be directly compared to industry benchmarks or specific comparable companies/projects.

Corporate Governance

Related Party Transactions

• The sale of shares by Chief Operating Officer Roger Chen to the open market constitutes a related party transaction, as it involves a key executive of the company.

Stakeholder Impact

• Shareholders: The sale of shares by a key executive, even under a 10b5-1 plan, slightly reduces the executive's direct alignment with shareholder interests, though the impact is minimal given the small percentage of total shares outstanding.
• Employees, Customers, Suppliers, Creditors: The transaction has no direct or material impact on these stakeholder groups.

Next Steps

• The document does not specify any future actions, events, or milestones beyond the reported transaction.

Key Dates

Recommendation

Keywords

GoDaddy, GDDY, Roger Chen, Chief Operating Officer, COO, Insider Trading, SEC Form 4, 10b5-1 Plan, Stock Sale, Class A Common Stock, Beneficial Ownership, Corporate Governance