GDDY Insider Filing: Jared Sine Sells 836 Class A Shares in Two Trades
Rhea-AI Filing Summary
Jared F. Sine, Chief Strategy & Legal Officer of GoDaddy Inc. (GDDY), reported two sales of Class A common stock on 09/02/2025 and 09/03/2025. On 09/02/2025 he sold 475 shares at $146.26 per share and following that transaction owned 65,938 shares. On 09/03/2025 he sold 361 shares at $142.21 per share and following that transaction owned 65,577 shares. The 09/02 sale was made pursuant to a 10b5-1 trading plan; the 09/03 sale represents shares sold to satisfy tax-withholding obligations tied to the vesting of restricted stock units, per company policy.
Positive
- Transactions conducted under a 10b5-1 plan, indicating pre-established trading authorization and reduced appearance of opportunistic timing
- Tax-withholding sale executed per company policy, showing routine administrative handling of RSU vesting obligations
Negative
- Insider sold a total of 836 shares, representing a reduction in beneficial ownership that some investors may view negatively
- Form 4 discloses share sales on consecutive days, which could prompt investor attention despite the disclosed reasons
Insights
TL;DR: Insider followed an established 10b5-1 plan and company tax-withholding policy, indicating procedural compliance rather than discretionary trading.
The reported transactions show compliance with pre-existing mechanisms: a 10b5-1 plan sale and an automatic withholding sale for RSU taxes. Such structured dispositions reduce concerns about opportunistic timing but do represent share reduction by an officer. The filings provide clear quantities and prices, enabling straightforward market impact calculation for a small number of shares relative to a public float. No additional governance issues or deviations are disclosed in this Form 4.
TL;DR: Total of 836 Class A shares were sold across two dates at ~$142–$146, a routine insider disposition with limited market impact.
The transactions total 836 shares: 475 at $146.26 and 361 at $142.21, executed on consecutive dates. One sale is under a 10b5-1 plan and the other covers tax withholding from RSU vesting, as disclosed. The Form 4 reports post-transaction beneficial ownership levels of 65,938 and 65,577 shares respectively, which helps quantify the officer's remaining stake. No options or derivative activity was reported.