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

GoDaddy's Chief Operating Officer, Roger Chen, sold 1,000 shares of Class A Common Stock at $207.35 per share on December 16, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Roger Chen, the Chief Operating Officer of GoDaddy Inc., sold 1,000 shares of Class A Common Stock on December 16, 2024.
• The sale was executed at a price of $207.35 per share.
• This transaction was conducted under a pre-established 10b5-1 trading plan.
• Following the transaction, Mr. Chen directly owns 184,632 shares of GoDaddy's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for an insider stock sale under a pre-arranged plan, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies. The use of a 10b5-1 plan indicates that the sale was pre-planned and not based on any non-public information.

Comparison to Industry Standards

• Sales by executives under 10b5-1 plans are a common practice across publicly traded companies, including technology firms like GoDaddy.
• These plans are designed to avoid accusations of insider trading by allowing executives to sell shares at predetermined times and prices.
• The volume of shares sold is relatively small compared to the total outstanding shares of GoDaddy, and is not unusual for executive transactions.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

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