Roger Chen - Feb 29, 2024 Form 4 Insider Report for GoDaddy Inc. (GDDY)

Signature
Marc Padwe, Attorney-in-Fact
Stock symbol
GDDY
Transactions as of
Feb 29, 2024
Transactions value $
-$456,440
Form type
4
Date filed
3/4/2024, 07:16 PM
Previous filing
Feb 5, 2024
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GDDY Class A Common Stock Award $0 +23.6K +15.77% $0.00 173K Feb 29, 2024 Direct F1
transaction GDDY Class A Common Stock Award $0 +39.3K +22.68% $0.00 213K Mar 1, 2024 Direct F2
transaction GDDY Class A Common Stock Sale -$456K -4K -1.88% $114.11 209K Mar 1, 2024 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 a grant of Restricted Stock Units (RSUs), which vests quarterly over 3 years beginning on June 1, 2024, subject to the Reporting Person continuing to be a Service Provider for the Issuer on each vesting date. Upon vesting of these RSUs, the Reporting Person will receive shares of Class A Common Stock of the Issuer.
F2 Represents shares of Class A Common Stock of the Issuer issued on settlement of Performance Restricted Stock Units (PSUs), which were granted on February 25, 2021 and vested on March 1, 2024 based on the level of achievement of the applicable performance conditions for the period January 1, 2021 through December 31, 2023 and satisfaction of the service condition.
F3 The shares were sold pursuant to a 10b5-1 trading plan.