Form 4: GoDaddy Director Brian Sharples Receives Restricted Stock Unit Grant

GoDaddy Inc. Director Brian Sharples was granted 1,836 Restricted Stock Units (RSUs) on June 4, 2025, increasing his beneficial ownership to 22,457 shares of Class A Common Stock.

Summary

• Brian Sharples, a Director of GoDaddy Inc. (GDDY), acquired 1,836 shares of Class A Common Stock on June 4, 2025.
• The acquisition was in the form of Restricted Stock Units (RSUs), granted at a price of $0 per unit.
• These RSUs are set to vest fully on the day immediately prior to GoDaddy's next annual meeting of stockholders after the effective date of grant.
• Vesting is contingent upon Mr. Sharples' continued service as a Service Provider for the Issuer.
• Following this transaction, Mr. Sharples' total beneficial ownership of GoDaddy's Class A Common Stock stands at 22,457 shares.

Sentiment

Score: 7

Explanation: The sentiment is positive as it indicates an insider's increased equity stake, aligning their interests with shareholders, which is generally viewed favorably. This is a routine compensation event.

Positives

• The grant of Restricted Stock Units to a director aligns the interests of the director with those of the shareholders, as the value of the RSUs is tied to the company's stock performance.
• An increase in beneficial ownership by an insider can be viewed as a sign of confidence in the company's future prospects.

Risks

• The vesting of the granted Restricted Stock Units is subject to the Reporting Person's continued service as a Service Provider for the Issuer, meaning the shares are not immediately owned outright.

Future Outlook

The granted Restricted Stock Units are expected to vest fully on the day immediately prior to GoDaddy's next annual meeting of stockholders after the grant date, provided the director continues to serve the company.

Industry Context

The grant of Restricted Stock Units (RSUs) to directors is a common practice in the technology and broader corporate sectors as a form of equity compensation, designed to attract and retain talent while aligning their interests with long-term shareholder value.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of director compensation is a standard practice across publicly traded companies, including those in the internet services and domain registration industry like GoDaddy.
• Companies such as Wix.com Ltd. (WIX) and Squarespace, Inc. (SQSP), which operate in related web services markets, also commonly utilize equity grants, including RSUs, for their non-employee directors to incentivize long-term commitment and performance.

Corporate Governance

Related Party Transactions

• The grant of Restricted Stock Units to Brian Sharples, a Director of GoDaddy Inc., represents a standard compensation transaction between the company and a related party (an insider).

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with shareholder value, potentially encouraging decisions that benefit long-term stock performance.
• Employees: No direct impact on general employees is indicated by this specific filing.

Next Steps

• The Restricted Stock Units will vest on the day immediately prior to the Issuer's next annual meeting of stockholders, subject to continued service.

Key Dates

Keywords

GoDaddy, GDDY, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Compensation, Beneficial Ownership, Equity Grant