Tallapragada Srinivas 4
Research Summary
AI-generated summary
GoDaddy (GDDY) Director Srinivas Receives RSU Award
What Happened
- Tallapragada Srinivas, a director at GoDaddy Inc. (GDDY), received an award of 2,925 restricted stock units (RSUs) on 2026-06-03. The Form 4 reports an acquisition (code A) at $0.00 per unit (total reported cash value $0), representing a grant rather than a market purchase.
Key Details
- Transaction date: 2026-06-03; Filing date: 2026-06-05 (timely filing).
- Transaction type/code: Grant/Award (A) of 2,925 RSUs; reported price $0.00.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: These RSUs vest in full on the day immediately prior to the issuer’s next annual meeting of stockholders, subject to Srinivas continuing as a service provider; upon vesting each RSU converts to one share of Class A common stock.
- No 10b5-1 plan, cashless exercise, tax-withholding or gift codes noted in the provided entry.
Context
- RSU grants are compensation awards that convert to actual shares only after vesting and are not an immediate market purchase or sale. This grant is a routine equity compensation event tied to continued service and the company’s annual meeting timetable, not a direct signal of buying or selling in the open market.