Tax-driven GoDaddy (NYSE: GDDY) stock sale by strategy and legal chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GoDaddy Inc.’s Chief Strategy & Legal Officer Jared F. Sine reported a tax-related share sale. On April 2, 2026, 7,793 shares of GoDaddy Class A common stock were sold at $80.71 per share to satisfy his tax withholding obligations from vested Restricted Stock Units. Company policy calls for automatic share sales to cover these obligations.
After this transaction, Sine directly holds 77,816 shares of GoDaddy Class A common stock. Because the sale was executed solely to cover taxes arising from equity compensation, it reflects a routine administrative disposition rather than a discretionary open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,793 shares ($628,973)
Net Sell
1 txn
Insider
Sine Jared F.
Role
Chief Strategy & Legal Officer
Sold
7,793 shs ($629K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 7,793 | $80.71 | $629K |
Holdings After Transaction:
Class A Common Stock — 77,816 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 7,793 shares
Sale price per share: $80.71 per share
Shares held after transaction: 77,816 shares
+1 more
4 metrics
Shares sold
7,793 shares
Class A Common Stock sold on April 2, 2026
Sale price per share
$80.71 per share
Price for GoDaddy Class A common shares sold
Shares held after transaction
77,816 shares
Direct holdings of Jared F. Sine after sale
Net shares sold
7,793 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 did GoDaddy (GDDY) executive Jared F. Sine report in this Form 4?
Jared F. Sine, GoDaddy’s Chief Strategy & Legal Officer, reported the sale of 7,793 Class A common shares. The shares were sold on April 2, 2026 at $80.71 each to satisfy tax withholding obligations from the vesting of Restricted Stock Units.
Was the GoDaddy (GDDY) insider sale a discretionary open-market trade?
No, the sale was not discretionary. The footnote explains the 7,793 GoDaddy shares were sold automatically to cover Jared F. Sine’s tax withholding obligations from RSU vesting, in line with company policy requiring automatic sales to meet these tax liabilities.
What does the GoDaddy (GDDY) Form 4 say about company policy on RSU tax withholding?
The Form 4 footnote states that shares are sold automatically to satisfy the reporting person’s tax withholding obligations when Restricted Stock Units vest. This reflects a standing company policy, meaning such sales occur as an administrative step rather than a discretionary trading decision.