GoDaddy (NYSE: GDDY) insider sells 1,188 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GoDaddy Inc.'s Chief Strategy & Legal Officer Jared F. Sine reported an automatic sale of 1,188 shares of Class A common stock. The shares were sold at an average price of $89.86 per share to satisfy tax withholding obligations triggered by the vesting of Restricted Stock Units, in line with company policy. After this tax-related sale, he directly holds 76,615 shares of GoDaddy Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,188 shares ($106,754)
Net Sell
1 txn
Insider
Sine Jared F.
Role
Chief Strategy & Legal Officer
Sold
1,188 shs ($107K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,188 | $89.86 | $107K |
Holdings After Transaction:
Class A Common Stock — 76,615 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,188 shares
Sale price: $89.86 per share
Shares held after transaction: 76,615 shares
+1 more
4 metrics
Shares sold
1,188 shares
Class A common stock sold on 2026-06-02
Sale price
$89.86 per share
Average price for the 1,188-share sale
Shares held after transaction
76,615 shares
Direct Class A holdings following the sale
Net shares sold
1,188 shares
Net-sell direction per transaction summary
Key Terms
Restricted Stock Units, tax withholding obligations, Class A Common Stock
3 terms
Restricted Stock Units financial
"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"
Class A Common Stock financial
"Represents shares of Class A Common Stock of the Issuer sold"
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.
FAQ
What insider transaction did GoDaddy (GDDY) report for Jared F. Sine?
GoDaddy reported that Chief Strategy & Legal Officer Jared F. Sine sold 1,188 shares of Class A common stock. The shares were sold automatically to cover tax withholding obligations from vesting Restricted Stock Units, rather than as a discretionary open-market sale.
Was the GoDaddy (GDDY) insider sale by Jared F. Sine discretionary?
The filing indicates the sale was not discretionary. Shares were automatically sold under company policy to satisfy Jared F. Sine’s tax withholding obligations arising from the vesting of Restricted Stock Units, distinguishing it from a typical open-market portfolio decision.
What triggered the tax withholding sale in GoDaddy’s (GDDY) Form 4 filing?
The sale was triggered by the vesting of Restricted Stock Units granted to Jared F. Sine. When these RSUs vested, tax obligations arose, and under company policy shares were automatically sold to cover those withholding requirements, resulting in the 1,188-share transaction.