GoDaddy CEO Amanpal Singh Bhutani sold 34,148 shares of company stock on March 6, 2026. The transaction reached a total value of approximately $3.04 million. This sale reduced Bhutani’s direct ownership in the company by more than 6%.
The filing followed additional disclosures of share sales by GoDaddy’s COO, Chief Strategy & Legal Officer, and Chief Accounting Officer. These executives sold equity awards primarily to satisfy tax obligations.
The insider activity occurs after several analysts lowered their price targets on GoDaddy earlier this month. Market observers noted that significant insider selling can pressure investor sentiment and raise questions regarding executive confidence in the company’s short-term outlook.