GDDY Form 4: Director Brian Sharples Sells 500 Shares Under 10b5-1
Rhea-AI Filing Summary
Brian Sharples, a director of GoDaddy Inc. (GDDY), reported a sale of 500 shares of Class A common stock on 09/02/2025 at a reported price of $146.26 per share. The Form 4 states the sale was made pursuant to a 10b5-1 trading plan. Following the reported transaction, Mr. Sharples beneficially owned 20,957 shares in a direct capacity. The filing was executed via attorney-in-fact Jessica Craig on 09/04/2025. The Form 4 identifies Mr. Sharples as a director and indicates the report was filed by one reporting person.
Positive
- Sale reported under a 10b5-1 trading plan, indicating the transaction was preplanned and compliant with insider trading rules
- Full Section 16 disclosure completed with signature by attorney-in-fact, showing timely reporting and transparency
Negative
- Insider disposition of shares (500 Class A shares sold), which reduces the director's direct ownership to 20,957 shares
Insights
TL;DR: Routine, preplanned insider sale under a 10b5-1 plan; maintains disclosure compliance and does not by itself indicate changed company fundamentals.
The reported sale of 500 Class A shares by Director Brian Sharples was executed under a documented 10b5-1 trading plan, which provides an affirmative defense to insider trading claims when properly adopted. The transaction reduces his direct holdings to 20,957 shares. From a governance perspective, the filing demonstrates adherence to Section 16 reporting obligations and use of a structured trading plan, which supports transparency. The sale size is modest relative to the remaining disclosed direct holdings, and the Form 4 contains the required signatures and dates.
TL;DR: Small, disclosed insider disposition; material impact on investors is limited based on reported quantity.
The disposition of 500 shares at $146.26 on 09/02/2025 reduces the director's direct holdings to 20,957 shares. The Form 4 explicitly notes the sale pursuant to a 10b5-1 plan and includes an attorney-in-fact execution, indicating routine compliance and preplanning. There are no derivative transactions or additional changes disclosed. As presented, the transaction is a straightforward disclosure of insider selling with no additional context or company-level financial data provided in the filing.