Nick Daddario - Nov 2, 2023 Form 4 Insider Report for GoDaddy Inc. (GDDY)

Role
Chief Accounting Officer
Signature
Marc Padwe, Attorney-in-Fact
Stock symbol
GDDY
Transactions as of
Nov 2, 2023
Transactions value $
-$110,962
Form type
4
Date filed
11/6/2023, 08:12 PM
Previous filing
Sep 7, 2023
Next filing
Nov 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GDDY Class A Common Stock Sale -$41.4K -556 -2.82% $74.53 19.1K Nov 2, 2023 Direct F1
transaction GDDY Class A Common Stock Sale -$32.8K -400 -2.09% $82.00 18.7K Nov 3, 2023 Direct F2
transaction GDDY Class A Common Stock Options Exercise $7.76K +116 +0.62% $66.87 18.8K Nov 6, 2023 Direct
transaction GDDY Class A Common Stock Sale -$10.1K -116 -0.62% $86.90 18.7K Nov 6, 2023 Direct F2
transaction GDDY Class A Common Stock Sale -$34.4K -400 -2.14% $86.00 18.3K Nov 6, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GDDY Employee Stock Option (right to buy) Options Exercise $0 -116 -2.23% $0.00 5.09K Nov 6, 2023 Class A Common Stock 116 $66.87 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares of Class A Common Stock of the Issuer sold to satisfy the Reporting Person's tax withholding obligations, which were incurred in connection with the vesting of Restricted Stock Units. In accordance with company policy, shares are automatically sold to cover such obligations.
F2 The shares were sold pursuant to a 10b5-1 trading plan.
F3 Represents options granted to the Reporting Person, which vested as follows; 30% on October 14, 2020 (Initial Option Vesting Date), 7.5% on the quarterly anniversary of the Initial Option Vesting Date for the first 4 quarters following the Initial Option Vesting Date and 5% on the quarterly anniversary of the Initial Option Vesting Date for the 8 quarters thereafter.