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 $183.8 per share on November 15, 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 November 15, 2024.
• The sale was executed at a price of $183.8 per share.
• This transaction was conducted under a pre-established 10b5-1 trading plan.
• Following the transaction, Mr. Chen directly owns 185,632 shares of GoDaddy stock.

Sentiment

Score: 5

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

Industry Context

Insider trading activity is a common occurrence in publicly traded companies, and this transaction is a routine disclosure of a pre-planned sale by a company executive.

Comparison to Industry Standards

• Sales by executives under 10b5-1 plans are common practice across the tech industry, including companies like Amazon, Microsoft, and Google.
• These plans allow insiders to sell shares without being accused of trading on non-public information.
• The volume of shares sold is relatively small compared to the total outstanding shares of GoDaddy, and is not unusual for executive sales.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, as it is a small transaction by an executive under a pre-arranged plan.

Key Dates

Keywords

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