Form 4: GoDaddy Director Brian Sharples Sells 500 Shares Under 10b5-1 Plan

GoDaddy director Brian Sharples sold 500 shares of Class A Common Stock at $199.01 per share on January 2, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Brian Sharples, a director at GoDaddy Inc., sold 500 shares of Class A Common Stock on January 2, 2025.
• The sale was executed at a price of $199.01 per share.
• This transaction was conducted under a pre-arranged 10b5-1 trading plan.
• Following the transaction, Sharples directly owns 23,121 shares of GoDaddy stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing for an insider stock sale, which is neither positive nor negative in itself. The sale was under a pre-arranged plan, so it is not indicative of any change in sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives and directors to use 10b5-1 plans to manage their stock sales and avoid accusations of insider trading.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting insider transactions in publicly traded companies, such as GoDaddy.
• The use of 10b5-1 trading plans is a common method for corporate insiders to sell shares while avoiding potential insider trading issues, similar to practices at companies like Amazon, Microsoft, and Apple.
• The sale of 500 shares is a relatively small transaction compared to the overall trading volume of GoDaddy stock, and is not unusual for a director's holdings.

Stakeholder Impact

• The sale of 500 shares by a director is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

GoDaddy, Brian Sharples, insider trading, Form 4, 10b5-1 plan, stock sale, director, GDDY