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 $200.57 per share on January 15, 2025, 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.
• The sale occurred on January 15, 2025, at a price of $200.57 per share.
• The transaction was executed under a pre-established 10b5-1 trading plan.
• Following the transaction, Mr. Chen directly owns 183,632 shares of GoDaddy stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding an executive's stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment about the company's performance.

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 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 common across the tech industry, including companies like Amazon, Microsoft, and Google.
• The volume of shares sold is relatively small compared to the total shares outstanding for GoDaddy, and is not unusual for an executive's planned sales.
• The price of $200.57 is within the normal trading range for GoDaddy stock at the time of the transaction.

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, GDDY, insider trading, Form 4, Roger Chen, 10b5-1 plan, stock sale, executive transaction, Class A Common Stock