GoDaddy (GDDY) CEO sells 8,373 shares to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GoDaddy Inc. Chief Executive Officer Amanpal Singh Bhutani reported an open-market sale of 8,373 shares of Class A Common Stock at $89.86 per share. According to the footnote, these shares were sold automatically to cover his tax withholding obligations related to vesting Restricted Stock Units. After this tax-related sale, he continues to hold 521,747 shares directly, indicating the transaction represents a small portion of his overall ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,373 shares ($752,398)
Net Sell
1 txn
Insider
Bhutani Amanpal Singh
Role
Chief Executive Officer
Sold
8,373 shs ($752K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 8,373 | $89.86 | $752K |
Holdings After Transaction:
Class A Common Stock — 521,747 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 8,373 shares
Sale price per share: $89.86 per share
Shares held after transaction: 521,747 shares
3 metrics
Shares sold
8,373 shares
Class A Common Stock sold on 2026-06-02
Sale price per share
$89.86 per share
Open-market sale linked to tax withholding
Shares held after transaction
521,747 shares
Direct ownership following tax-related sale
Key Terms
Restricted Stock Units, tax withholding obligations, open-market sale
3 terms
Restricted Stock Units financial
"which were incurred in connection with the vesting of Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"sold to satisfy the Reporting Person's tax withholding obligations"
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) report for its CEO?
GoDaddy reported that CEO Amanpal Singh Bhutani sold 8,373 Class A shares at $89.86 each. The filing states the sale was made to cover tax withholding obligations from vesting Restricted Stock Units under company policy.
What does the footnote in the GoDaddy (GDDY) Form 4 say about the CEO’s sale?
The footnote explains the sold shares represented Class A Common Stock disposed of to satisfy tax withholding obligations from RSU vesting. It also notes that, under company policy, shares are automatically sold to cover such obligations rather than through a discretionary choice.