GoDaddy (NYSE: GDDY) CAO sells small block of shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GoDaddy Inc. Chief Accounting Officer Phontip Palitwanon reported a very small open-market sale of 12 shares of Class A Common Stock at $89.15 per share. According to the disclosure, these shares were sold automatically to cover tax withholding obligations tied to a recent purchase under GoDaddy's 2024 Employee Stock Purchase Plan. After this transaction, Palitwanon directly holds 20,537 shares, which includes 200 shares acquired through the same plan on May 15, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12 shares ($1,070)
Net Sell
1 txn
Insider
Palitwanon Phontip
Role
Chief Accounting Officer
Sold
12 shs ($1K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 12 | $89.15 | $1K |
Holdings After Transaction:
Class A Common Stock — 20,537 shares (Direct, null)
Footnotes (1)
- Represents shares of Class A Common Stock of the Issuer sold to satisfy the Reporting Person's tax withholding obligations, which were incurred in connection with the purchase of shares under the Issuer's 2024 Employee Stock Purchase Plan. In accordance with company policy, shares are automatically sold to cover such obligations. Includes 200 shares acquired by the Reporting Person under the Issuer's 2024 Employee Stock Purchase Plan on May 15, 2026.
Key Figures
Shares sold: 12 shares
Sale price: $89.15 per share
Shares held after transaction: 20,537 shares
+1 more
4 metrics
Shares sold
12 shares
Open-market sale to cover tax withholding
Sale price
$89.15 per share
Price for 12 shares sold
Shares held after transaction
20,537 shares
Direct holdings following sale
ESPP acquisition
200 shares
Acquired under 2024 Employee Stock Purchase Plan on May 15, 2026
Key Terms
Class A Common Stock, tax withholding obligations, 2024 Employee Stock Purchase Plan, open-market sale
4 terms
Class A Common Stock financial
"Represents shares of Class A Common Stock of the Issuer sold to satisfy the Reporting Person's tax withholding obligations"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
tax withholding obligations financial
"sold to satisfy the Reporting Person's tax withholding obligations, which were incurred in connection with the purchase of shares"
2024 Employee Stock Purchase Plan financial
"incurred in connection with the purchase of shares under the Issuer's 2024 Employee Stock Purchase Plan"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did GoDaddy (GDDY) disclose for Phontip Palitwanon?
GoDaddy disclosed that Chief Accounting Officer Phontip Palitwanon sold 12 shares of Class A Common Stock at $89.15 per share. The filing explains the sale was related to tax withholding obligations from participation in GoDaddy’s 2024 Employee Stock Purchase Plan.
Is the GoDaddy (GDDY) insider sale by Phontip Palitwanon part of a trading strategy?
The filing states the shares were sold automatically under company policy to cover tax withholding obligations from an Employee Stock Purchase Plan purchase. It does not describe a discretionary trading strategy, instead characterizing the sale as a routine tax-related transaction.