Form 4: GoDaddy Inc. Executive Sells Shares to Cover Tax Obligations

Phontip Palitwanon, Chief Accounting Officer of GoDaddy Inc., sold shares of Class A Common Stock to cover tax withholding obligations related to vesting Restricted Stock Units.

Summary

• On March 5, 2025, Phontip Palitwanon, the Chief Accounting Officer of GoDaddy Inc., sold 679 shares of Class A Common Stock.
• The sale was executed at a price of $174.113 per share.
• This transaction was to satisfy tax withholding obligations incurred in connection with the vesting of Restricted Stock Units.
• Following the transaction, Palitwanon directly owns 23,926 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations and doesn't reflect a significant change in sentiment towards the company.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction is a routine event and doesn't necessarily indicate a change in the executive's confidence in the company.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on shareholder sentiment.

Key Dates

Keywords

Form 4, GoDaddy Inc., GDDY, Phontip Palitwanon, Chief Accounting Officer, Class A Common Stock, Restricted Stock Units, Tax Withholding, Sale of Shares, Beneficial Ownership