Executive Sells Over 2,000 Shares of Tech Stock, Valued at More Than $200,000
Phontip Palitwanon's disposition reduced his direct equity stake by 11%, leaving him with ~$1.6 million in holdings as GoDaddy stock faces ongoing headwinds.
Overview
Phontip Palitwanon, Chief Accounting Officer of GoDaddy Inc. (NYSE:GDDY), sold 2,261 shares of Class A Common Stock at $91.81 per share on Aug. 11, 2026, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($91.81); post-transaction value based on Aug. 11, 2026, market close ($90.74).
Details
GoDaddy Inc. is a leading provider of cloud-based technological infrastructure solutions with a market capitalization of $12.2 billion and TTM revenue of $5.1 billion. The company maintains a competitive advantage through its extensive product ecosystem, global scale (5,845 employees), and focus on democratizing digital tools for underserved small businesses and individual markets. GoDaddy's diversified service offerings and subscription-based revenue model position it as a critical infrastructure provider in the digital economy.
Source
Originally published at www.fool.com.