The sale was reported by Insider Intelligence, citing a Form 4 filing with the US Securities and Exchange Commission (SEC).
Sigal Zarmi, a director at GoDaddy, exercised options to purchase 12,000 shares of the company's stock, at a price of $2.58 per share. She then sold 12,000 shares of the stock at $2.57 per share, resulting in a total profit of $30,744.
GoDaddy is a leading provider of web hosting and domain name registration services, with over 20 million customers worldwide. Despite the sale, Sigal Zarmi still holds over 50,000 shares of the company's stock, according to the SEC filing.
GoDaddy's stock price has been trending upward in recent months, driven by the company's strong financial performance and increasing demand for online presence.
The sale of Sigal Zarmi's stock may have implications for GoDaddy's shareholders and investors, particularly if other executives or directors follow suit. However, without further details, it is difficult to determine the full extent of the impact.