GoDaddy Form 4: CFO McCaffrey Sells Shares for Tax Withholding
Rhea-AI Filing Summary
GoDaddy Inc. Chief Financial Officer Mark McCaffrey reported a sale of 3,326 shares of Class A common stock on 09/03/2025 at a price of $142.21 per share. After the sale, the reporting person beneficially owned 70,133 shares, held directly. The filing states the shares were sold to satisfy tax withholding obligations tied to the vesting of Restricted Stock Units, and that share sales are automatic under company policy to cover such obligations. The form is signed by an attorney-in-fact on 09/05/2025.
Positive
- Transaction disclosed promptly with required Form 4 details including date, price, and post-transaction holdings
- Sale was for tax withholding related to RSU vesting, indicating a routine, nondiscretionary sell-to-cover under company policy
- Reporting shows continued ownership with 70,133 shares remaining after the sale
Negative
- None.
Insights
TL;DR Insider sold a small number of shares to cover RSU tax withholding; routine and disclosed appropriately.
The transaction shows a sale of 3,326 shares at $142.21 to meet tax withholding from vested Restricted Stock Units, leaving the CFO with 70,133 shares. This type of sale is common, nondiscretionary, and described as automatic under company policy, which reduces concern about opportunistic insider selling. The sale size appears modest relative to typical executive holdings, and the filing provides the required details for investor transparency.
TL;DR Form 4 discloses a routine withholding sale tied to RSU vesting; governance and reporting controls functioned as expected.
The Form 4 accurately records the disposition and cites tax-withholding as the purpose, consistent with Section 16 reporting practices. The use of automatic sell-to-cover reduces governance concerns about selective insider timing. The filing includes signature by an attorney-in-fact and the transaction date, meeting disclosure requirements.