Form 4: GoDaddy Director Sigal Zarmi Granted 1,397 Restricted Stock Units

GoDaddy Inc. Director Sigal Zarmi was granted 1,397 Restricted Stock Units (RSUs) as part of her compensation, increasing her direct beneficial ownership to 6,058 Class A Common Stock.

Summary

• GoDaddy Inc. Director Sigal Zarmi acquired 1,397 Class A Common Stock in the form of Restricted Stock Units (RSUs) on June 4, 2025.
• The RSUs were granted at a price of $0 per unit, indicating they are part of compensation rather than a purchase.
• Following this transaction, Sigal Zarmi directly beneficially owns a total of 6,058 shares of Class A Common Stock.
• The 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, contingent on Ms. Zarmi's continued service as a provider for the Issuer.
• Upon vesting, Ms. Zarmi will receive shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine compensation event (expected), but the grant of equity aligns director interests with shareholders, which is generally viewed favorably.

Positives

• The grant of Restricted Stock Units (RSUs) aligns the director's interests with those of the shareholders, as the value of the compensation is tied to the company's stock performance.
• RSU grants are a common form of non-cash compensation for directors, indicating standard corporate governance practices for incentivizing board members.

Risks

• The vesting of the Restricted Stock Units is subject to the Reporting Person's continuing to be a Service Provider for the Issuer, meaning the shares are not guaranteed if the service relationship ceases before vesting.

Future Outlook

The 1,397 Restricted Stock Units granted to Director Sigal Zarmi are scheduled to vest fully on the day immediately preceding GoDaddy's next annual meeting of stockholders after the grant date, provided she continues her service to the company.

Industry Context

The grant of Restricted Stock Units (RSUs) to a director is a standard practice in the technology and public company sectors for executive and board member compensation, aiming to align their long-term interests with shareholder value creation.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a form of director compensation is a widely adopted practice across publicly traded companies, particularly in the technology sector, including peers like Squarespace, Wix.com, and Shopify, which also utilize equity-based incentives to attract and retain talent and align interests.
• The vesting schedule tied to continued service and future annual meetings is typical for such grants, ensuring ongoing commitment from board members.

Corporate Governance

Related Party Transactions

• The grant of Restricted Stock Units (RSUs) to Sigal Zarmi, a director of GoDaddy Inc., represents a transaction between the company and a related party (a member of its board of directors) as part of her compensation package.

Stakeholder Impact

• **Shareholders**: The RSU grant represents a minor potential future dilution of existing shares upon vesting, but it also serves to align the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.
• **Director (Sigal Zarmi)**: Receives equity compensation that incentivizes continued service and performance tied to the company's stock value.

Next Steps

• The 1,397 Restricted Stock Units (RSUs) are expected to vest fully on the day immediately prior to GoDaddy's next annual meeting of stockholders after the effective date of grant, subject to Sigal Zarmi's continued service.

Key Dates

Keywords

GoDaddy Inc., GDDY, SEC Form 4, Restricted Stock Units, RSUs, Insider Transaction, Director Compensation, Equity Grant, Beneficial Ownership, Corporate Governance