Palitwanon Phontip 4
Research Summary
AI-generated summary
GoDaddy (GDDY) Chief Accounting Officer Phontip Sells 12 Shares
What Happened
Palitwanon Phontip, Chief Accounting Officer of GoDaddy Inc. (GDDY), sold 12 shares of Class A common stock on May 18, 2026 at $89.15 per share, netting $1,070. The sale was executed to satisfy tax withholding obligations tied to shares purchased under the company's 2024 Employee Stock Purchase Plan (ESPP).
Key Details
- Transaction date: May 18, 2026; Price: $89.15 per share; Shares sold: 12; Total proceeds: $1,070.
- Nature of transaction: Sale to satisfy tax withholding related to ESPP purchase (company policy: shares automatically sold to cover withholding). (Footnote F1)
- Related ESPP activity: The filing notes the Reporting Person acquired 200 shares under the Issuer's 2024 ESPP on May 15, 2026. (Footnote F2)
- Shares owned after transaction: Not specified in the Form 4 filing.
- Filing timeliness: Report filed on May 19, 2026 for a May 18, 2026 transaction — appears timely (no late filing indicated).
Context
This was a routine sale to cover tax withholding from an ESPP purchase, not a discretionary open-market sale for investment reasons. Such withholding sales are common and generally reflect payroll/tax mechanics rather than a trading signal.