GoDaddy CEO Reports 6,950-Share Sale for RSU Tax Withholding
Rhea-AI Filing Summary
GoDaddy Inc. (GDDY) insider sale to cover tax withholding. Director and Chief Executive Officer Amanpal Singh Bhutani reported a sale of 6,950 shares of Class A Common Stock on 09/03/2025 at a price of $142.21 per share. The Form 4 states these shares were sold to satisfy the reporting person’s tax withholding obligations arising from the vesting of Restricted Stock Units, per company policy where shares are automatically sold to cover such obligations. After the sale, the reporting person beneficially owns 412,065 shares. The filing was signed by an attorney-in-fact on 09/05/2025.
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Insights
TL;DR: A routine tax-withholding sale by the CEO/director tied to RSU vesting; not a strategic disposition signal.
The transaction is explicitly described as an automatic sale to satisfy tax withholding from RSU vesting, which is a common administrative action under equity compensation policies. Because the sale quantity (6,950 shares) is linked to withholding rather than discretionary sale, it provides limited information about the reporting person's view on the company’s prospects. The post-transaction beneficial ownership of 412,065 shares remains disclosed, preserving transparency around ongoing insider holdings.
TL;DR: Administrative disposition for tax purposes; transaction size appears immaterial relative to disclosed remaining holdings.
The Form 4 shows a single non-derivative sale at $142.21 per share on 09/03/2025 to cover tax obligations from RSU vesting. There are no derivative transactions reported. From an investor-impact perspective, such withholding sales are typically neutral because they do not reflect a proactive liquidity decision by the insider beyond fulfilling tax obligations. The filing maintains required disclosure of insider ownership levels and transaction details.