Sec Form 13D Filing - Starboard Value LP filing for GoDaddy Inc. (GDDY) - 2023-09-12

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

§ 240.13d-2(a)

(Amendment No. 2)1

GoDaddy Inc.

(Name of Issuer)

Class A Common Stock, par value $0.001 per share

(Title of Class of Securities)

380237107

(CUSIP Number)

JEFFREY C. SMITH

STARBOARD VALUE LP

777 Third Avenue, 18th Floor

New York, New York 10017

(212) 845-7977

 

ANDREW FREEDMAN, ESQ.

MEAGAN REDA, ESQ.

OLSHAN FROME WOLOSKY LLP

1325 Avenue of the Americas

New York, New York 10019

(212) 451-2300

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

September 12, 2023

(Date of Event Which Requires Filing of This Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties to whom copies are to be sent.

 

 

 

1              The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

CUSIP No. 380237107

  1   NAME OF REPORTING PERSON  
         
        STARBOARD VALUE LP  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        OO  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         11,465,000  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          11,465,000  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        11,465,000*  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.8%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

* Includes 1,455,414 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

2

CUSIP No. 380237107

< td style="width: 5%; text-align: center; vertical-align: top">
  1   NAME OF REPORTING PERSON  
         
        STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        WC  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        CAYMAN ISLANDS  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         4,898,369  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          4,898,369  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        4,898,369  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        3.3%  
  14   TYPE OF REPORTING PERSON  
         
        CO  

  

3

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        STARBOARD VALUE AND OPPORTUNITY S LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        WC  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         685,565  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          685,565  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        685,565  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

4

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        STARBOARD VALUE AND OPPORTUNITY C LP  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        WC  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         454,951  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          454,951  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        454,951  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

5

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        STARBOARD P FUND LP  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        WC  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        CAYMAN ISLANDS  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         619,354  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          619,354  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        619,354*  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

* Includes 619,354 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

6

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        STARBOARD VALUE P GP LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        WC  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         619,354  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          619,354  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        619,354*  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

* Includes 619,354 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

7

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        STARBOARD VALUE R LP  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        OO  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         1,074,305  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          1,074,305  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        1,074,305*  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

* Includes 619,354 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

8

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        STARBOARD VALUE AND OPPORTUNITY MASTER FUND L LP  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        WC  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        CAYMAN ISLANDS  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         255,077  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          255,077  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        255,077  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

9

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        STARBOARD VALUE L LP  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        OO  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         255,077  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          255,077  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
  & #xA0;      
        255,077  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

10

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        STARBOARD VALUE R GP LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        OO  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION   ;
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         1,329,382  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          1,329,382  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        1,329,382*  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

* Includes 619,354 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

11

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        STARBOARD G FUND, L.P.  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        WC  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         1,173,692  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          1,173,692  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        1,173,692  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

12

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        STARBOARD VALUE G GP, LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        OO  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         1,173,692  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          1,173,692  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        1,173,692  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

13

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        STARBOARD T FUND LP  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        WC  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         1,221,181  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          1,221,181  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        1,221,181  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

14

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        STARBOARD VALUE A LP  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        OO  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         2,394,873  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          2,394,873  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        2,394,873  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        1.6%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

15

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        STARBOARD VALUE A GP LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        OO  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         2,394,873  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING   &# xA0;     - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          2,394,873  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        2,394,873  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        1.6%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

16

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        STARBOARD X MASTER FUND LTD  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        WC  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        CAYMAN ISLANDS  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         1,244,675  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          1,244,675  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        1,244,675  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13 &# xA0; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        Less than 1%  
  14   TYPE OF REPORTING PERSON  
         
        CO  

  

17

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        STARBOARD VALUE GP LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        OO  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         11,465,000  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          11,465,000  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        11,465,000*  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.8%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

* Includes 1,455,414 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

18

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        STARBOARD PRINCIPAL CO LP  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        OO  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         11,465,000  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          11,465,000  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        11,465,000*  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.8%  
  14   TYPE OF REPORTING PERSON  
         
        PN  

  

* Includes 1,455,414 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

19

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        STARBOARD PRINCIPAL CO GP LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        OO  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        DELAWARE  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         11,465,000  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         - 0 -  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          11,465,000  
    10   SHARED DISPOSITIVE POWER  
           
          - 0 -  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        11,465,000*  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.8%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

* Includes 1,455,414 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

20

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        JEFFREY C. SMITH  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        OO  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        USA  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         - 0 -  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         11,465,000  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          - 0 -  
    10   SHARED DISPOSITIVE POWER  
           
          11,465,000  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        11,465,000*  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.8%  
  14   TYPE OF REPORTING PERSON  
         
        IN  

  

* Includes 1,455,414 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

21

CUSIP No. 380237107

 

  1   NAME OF REPORTING PERSON  
         
        PETER A. FELD  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        OO  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        USA  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         - 0 -  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         11,465,000  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          - 0 -  
    10   SHARED DISPOSITIVE POWER  
           
          11,465,000  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        11,465,000*  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        7.8%  
  14   TYPE OF REPORTING PERSON  
         
        IN  

  

* Includes 1,455,414 Shares underlying certain forward purchase contracts exercisable within 60 days hereof.

22

CUSIP No. 380237107

 

The following constitutes Amendment No. 2 to the Schedule 13D filed by the undersigned (“Amendment No. 2”). This Amendment No. 2 amends the Schedule 13D as specifically set forth herein.

 

Item 3.Source and Amount of Funds or Other Consideration.

Item 3 is hereby amended and restated to read as follows:

The Shares purchased by each of Starboard V&O Fund, Starboard S LLC, Starboard C LP, Starboard P LP, Starboard L Master, Starboard G LP, Starboard T LP, Starboard X Master and held in the Starboard Value LP Account were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted, as set forth in Schedule A, which is incorporated by reference herein.

The aggregate purchase price of the 4,898,369 Shares beneficially owned by Starboard V&O Fund is approximately $342,472,065, excluding brokerage commissions. The aggregate purchase price of the 685,565 Shares beneficially owned by Starboard S LLC is approximately $47,861,880, excluding brokerage commissions. The aggregate purchase price of the 454,951 Shares beneficially owned by Starboard C LP is approximately $31,730,619, excluding brokerage commissions. The aggregate purchase price of the entered into over-the-counter forward purchase contracts for the purchase of 619,354 Shares by Starboard P LP is approximately $43,737,343, excluding brokerage commissions. The aggregate purchase price of the 255,077 Shares beneficially owned by Starboard L Master is approximately $17,726,415, excluding brokerage commissions. The aggregate purchase price of the 1,173,692 Shares beneficially owned by Starboard G LP is approximately $87,488,398, excluding brokerage commissions. The aggregate purchase price of the 1,221,181 Shares beneficially owned by Starboard T LP is approximately $86,614,128, excluding brokerage commissions. The aggregate purchase price of the 1,244,675 Shares beneficially owned by Starboard X Master is approximately $86,880,470, excluding brokerage commissions. The aggregate purchase price of the 76,076 Shares held in the Starboard Value LP Account is approximately $5,304,603, excluding brokerage commissions. The aggregate purchase price of the entered into over-the-counter forward purchase contracts for the purchase of 836,060 Shares by Starboard Value LP through the Starboard Value LP Account is approximately $59,547,922, excluding brokerage commissions.

 

Item 4.Purpose of Transaction.

Item 4 is hereby amended to add the following:

 

On September 12, 2023, Starboard Value LP delivered a letter to the Issuer, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Item 5.Interest in Securities of the Issuer.

 

Items 5(a)-(c) are hereby amended and restated to read as follows:

The aggregate percentage of Shares reported owned by each person named herein is based upon 146,812,421 Shares outstanding, as of July 28, 2023, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 4, 2023.

A.Starboard V&O Fund
(a)As of the close of business on September 11, 2023, Starboard V&O Fund beneficially owned 4,898,369 Shares.

23

CUSIP No. 380237107

Percentage: Approximately 3.3%

(b)1. Sole power to vote or direct vote: 4,898,369
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 4,898,369
4. Shared power to dispose or direct the disposition: 0

 

(c)The transactions in securities of the Issuer by Starboard V&O Fund during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
B.Starboard S LLC
(a)As of the close of business on September 11, 2023, Starboard S LLC beneficially owned 685,565 Shares.

Percentage: Less than 1%

(b)1. Sole power to vote or direct vote: 685,565
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 685,565
4. Shared power to dispose or direct the disposition: 0

 

(c)The transactions in securities of the Issuer by Starboard S LLC during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
C.Starboard C LP
(a)As of the close of business on September 11, 2023, Starboard C LP beneficially owned 454,951 Shares.

Percentage: Less than 1%

(b)1. Sole power to vote or direct vote: 454,951
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 454,951
4. Shared power to dispose or direct the disposition: 0

 

24

CUSIP No. 380237107

(c)The transactions in securities of the Issuer by Starboard C LP during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
D.Starboard P LP
(a)As of the close of business on September 11, 2023, Starboard P LP beneficially owned 619,354 Shares, including 619,354 Shares underlying certain forward purchase contracts.

Percentage: Less than 1%

(b)1. Sole power to vote or direct vote: 619,354
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 619,354
4. Shared power to dispose or direct the disposition: 0

 

(c)The transactions in securities of the Issuer by Starboard P LP during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
E.Starboard P GP
(a)Starboard P GP, as the general partner of Starboard P LP, may be deemed the beneficial owner of the 619,354 Shares owned by Starboard P LP.

Percentage: Less than 1%

(b)1. Sole power to vote or direct vote: 619,354
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 619,354
4. Shared power to dispose or direct the disposition: 0

 

(c)Starboard P GP has not entered into any transactions in securities of the Issuer during the past sixty days. The transactions in securities of the Issuer on behalf of Starboard P LP during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
F.Starboard R LP
(a)Starboard R LP, as the general partner of Starboard C LP and the managing member of Starboard P GP, may be deemed the benef icial owner of the (i) 454,951 Shares owned by Starboard C LP and (ii) 619,354 Shares owned by Starboard P LP.

Percentage: Less than 1%

(b)1. Sole power to vote or direct vote: 1,074,305
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,074,305
4. Shared power to dispose or direct the disposition: 0

 

(c)Starboard R LP has not entered into any transactions in securities of the Issuer during the past sixty days. The transactions in securities of the Issuer on behalf of each of Starboard C LP and Starboard P LP during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
G.Starboard L Master
(a)As of the close of business on September 11, 2023, Starboard L Master beneficially owned 255,077 Shares.

Percentage: Less than 1%

(b)1. Sole power to vote or direct vote: 255,077
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 255,077
4. Shared power to dispose or direct the disposition: 0

 

25

CUSIP No. 380237107

(c)The transactions in securities of the Issuer by Starboard L Master during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
H.Starboard L GP
(a)Starboard L GP, as the general partner of Starboard L Master, may be deemed the beneficial owner of the 255,077 Shares owned by Starboard L Master.

Percentage: Less than 1%

(b)1. Sole power to vote or direct vote: 255,077
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 255,077
4. Shared power to dispose or direct the disposition: 0

 

(c)Starboard L GP has not entered into any transactions in securities of the Issuer during the past sixty days. The transactions in securities of the Issuer on behalf of Starboard L Master during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
I.Starboard R GP
(a)Starboard R GP, as the general partner of Starboard R LP and Starboard L GP, may be deemed the beneficial owner of the (i) 454,951 Shares owned by Starboard C LP (ii) 619,354 Shares owned by Starboard P LP, and (ii) 255,077 Shares owned by Starboard L Master.

Percentage: Less than 1%

(b)1. Sole power to vote or direct vote: 1,329,382
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,329,382
4. Shared power to dispose or direct the disposition: 0

 

(c)Starboard R GP has not entered into any transactions in securities of the Issuer during the past sixty days. The transactions in securities of the Issuer on behalf of each of Starboard C LP, Starboard P LP and Starboard L Master during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
J.Starboard G LP
(a)As of the close of business on September 11, 2023, Starboard G LP beneficially owned 1,173,692 Shares.

Percentage: Less than 1%

(b)1. Sole power to vote or direct vote: 1,173,692
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,173,692
4. Shared power to dispose or direct the disposition: 0

 

26

CUSIP No. 380237107

(c)The transactions in securities of the Issuer by Starboard G LP during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
K.Starboard G GP
(a)Starboard G GP, as the general partner of Starboard G LP, may be deemed the beneficial owner of the 1,173,692 Shares owned by Starboard G LP.

Percentage: Less than 1%

(b)1. Sole power to vote or direct vote: 1,173,692
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,173,692
4. Shared power to dispose or direct the disposition: 0

 

(c)Starboard G GP has not entered into any transactions in securities of the Issuer during the past sixty days. The transactions in securities of the Issuer on behalf of Starboard G LP during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
L.Starboard T LP
(a)As of the close of business on September 11, 2023, Starboard T LP beneficially owned 1,221,181 Shares.

Percentage: Less than 1%

(b)1. Sole power to vote or direct vote: 1,221,181
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,221,181
4. Shared power to dispose or direct the disposition: 0

 

(c)Starboard T LP has not entered into any transactions in securities of the Issuer during the past sixty days.
M.Starboard A LP
(a)Starboard A LP, as the managing member of Starboard G GP and the general partner of Starboard T LP, may be deemed the beneficial owner of the (i) 1,173,692 Shares owned by Starboard G LP and (ii) 1,221,181 Shares owned by Starboard T LP.

Percentage: Approximately 1.6%

(b)1. Sole power to vote or direct vote: 2,394,873
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 2,394,873
4. Shared power to dispose or direct the disposition: 0

 

(c)Starboard A LP has not entered into any transactions in securities of the Issuer during the past sixty days. The transactions in securities of the Issuer on behalf of Starboard G LP during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
27

CUSIP No. 380237107

N.Starboard A GP
(a)Starboard A GP, as the general partner of Starboard A LP, may be deemed the beneficial owner of the (i) 1,173,692 Shares owned by Starboard G LP and (ii) 1,221,181 Shares owned by Starboard T LP.

Percentage: Approximately 1.6%

(b)1. Sole power to vote or direct vote: 2,394,873
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 2,394,873
4. Shared power to dispose or direct the disposition: 0

 

(c)Starboard A GP has not entered into any transactions in securities of the Issuer during the past sixty days. The transactions in securities of the Issuer on behalf of Starboard G LP during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
O.Starboard X Master
(a)As of the close of business on September 11, 2023, Starboard X Master beneficially owned 1,244,675 Shares.

Percentage: Less than 1%

(b)1. Sole power to vote or direct vote: 1,244,675
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,244,675
4. Shared power to dispose or direct the disposition: 0

 

(c)The transactions in securities of the Issuer by Starboard X Master during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
P.Starboard Value LP
(a)As of the close of business on September 11, 2023, 912,136 Shares were held in the Starboard Value LP Account, including 836,060 Shares underlying certain forward purchase contracts. Starboard Value LP, as the investment manager of Starboard V&O Fund, Starboard C LP, Starboard P LP, Starboard L Master, Starboard G LP, Starboard T LP, Starboard X Master and the Starboard Value LP Account and the manager of Starboard S LLC, may be deemed the beneficial owner of the (i) 4,898,369 Shares owned by Starboard V&O Fund, (ii) 685,565 Shares owned by Starboard S LLC, (iii) 454,951 Shares owned by Starboard C LP, (iv) 619,354 Shares owned by Starboard P LP, (v) 255,077 Shares owned by Starboard L Master, (vi) 1,173,692 Shares owned by Starboard G LP, (vii) 1,221,181 Shares owned by Starboard T LP, (viii) 1,244,675 Shares owned by Starboard X Master and (ix) 912,136 Shares held in the Starboard Value LP Account.

28

CUSIP No. 380237107

Percentage: Approximately 7.8%

(b)1. Sole power to vote or direct vote: 11,465,000
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 11,465,000
4. Shared power to dispose or direct the disposition: 0

 

(c)The transactions in securities of the Issuer by Starboard Value LP through the Starboard Value LP Account and on behalf of each of Starboard V&O Fund, Starboard C LP, Starboard S LLC, Starboard P LP, Starboard L Master, Starboard G LP and Starboard X Master during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
Q.Starboard Value GP
(a)Starboard Value GP, as the general partner of Starboard Value LP, may be deemed the beneficial owner of the (i) 4,898,369 Shares owned by Starboard V&O Fund, (ii) 685,565 Shares owned by Starboard S LLC, (iii) 454,951 Shares owned by Starboard C LP, (iv) 619,354 Shares owned by Starboard P LP, (v) 255,077 Shares owned by Starboard L Master, (vi) 1,173,692 Shares owned by Starboard G LP, (vii) 1,221,181 Shares owned by Starboard T LP, (viii) 1,244,675 Shares owned by Starboard X Master and (ix) 912,136 Shares held in the Starboard Value LP Account.

Percentage: Approximately 7.8%

(b)1. Sole power to vote or direct vote: 11,465,000
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 11,465,000
4. Shared power to dispose or direct the disposition: 0

 

(c)Starboard Value GP has not entered into any transactions in securities of the Issuer during the past sixty days. The transactions in securities of the Issuer by Starboard Value LP through the Starboard Value LP Account and on behalf of each of Starboard V&O Fund, Starboard C LP, Starboard S LLC, Starboard P LP, Starboard L Master, Starboard G LP and Starboard X Master during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
R.Principal Co
(a)Principal Co, as a member of Starboard Value GP, may be deemed the beneficial owner of the (i) 4,898,369 Shares owned by Starboard V&O Fund, (ii) 685,565 Shares owned by Starboard S LLC, (iii) 454,951 Shares owned by Starboard C LP, (iv) 619,354 Shares owned by Starboard P LP, (v) 255,077 Shares owned by Starboard L Master, (vi) 1,173,692 Shares owned by Starboard G LP, (vii) 1,221,181 Shares owned by Starboard T LP, (viii) 1,244,675 Shares owned by Starboard X Master and (ix) 912,136 Shares held in the Starboard Value LP Account.

Percentage: Approximately 7.8%

(b)1. Sole power to vote or direct vote: 11,465,000
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 11,465,000
4. Shared power to dispose or direct the disposition: 0

 

29

CUSIP No. 380237107

(c)Principal Co has not entered into any transactions in securities of the Issuer during the past sixty days. The transactions in securities of the Issuer by Starboard Value LP through the Starboard Value LP Account and on behalf of each of Starboard V&O Fund, Starboard C LP, Starboard S LLC, Starboard P LP, Starboard L Master, Starboard G LP and Starboard X Master during the past sixty days are set forth in Schedule A and are incorporated herein by reference.
S.Principal GP
(a)Principal GP, as the general partner of Principal Co, may be deemed the beneficial owner of the (i) 4,898,369 Shares owned by Starboard V&O Fund, (ii) 685,565 Shares owned by Starboard S LLC, (iii) 454,951 Shares owned by Starboard C LP, (iv) 619,354 Shares owned by Starboard P LP, (v) 255,077 Shares owned by Starboard L Master, (vi) 1,173,692 Shares owned by Starboard G LP, (vii) 1,221,181 Shares owned by Starboard T LP, (viii) 1,244,675 Shares owned by Starboard X Master and (ix) 912,136 Shares held in the Starboard Value LP Account.

Percentage: Approximately 7.8%

(b)1. Sole power to vote or direct vote: 11,465,000
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 11,465,000
4. Shared power to dispose or direct the disposition: 0

 

(c)Principal GP has not entered into any transactions in securities of the Issuer during the past sixty days. The transactions in securities of the Issuer by Starboard Value LP through the Starboard Value LP Account and on behalf of each of Starboard V&O Fund, Starboard C LP, Starboard S LLC, Starboard P LP, Starboard L Master, Starboard G LP and Starboard X Master during the past sixty days are set forth in Schedule A and are incorporated herein by reference.

 

T.Messrs. Smith and Feld

 

(a)Each of Messrs. Smith and Feld, as a member of Principal GP and as a member of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed the beneficial owner of the (i) 4,898,369 Shares owned by Starboard V&O Fund, (ii) 685,565 Shares owned by Starboard S LLC, (iii) 454,951 Shares owned by Starboard C LP, (iv) 619,354 Shares owned by Starboard P LP, (v) 255,077 S hares owned by Starboard L Master, (vi) 1,173,692 Shares owned by Starboard G LP, (vii) 1,221,181 Shares owned by Starboard T LP, (viii) 1,244,675 Shares owned by Starboard X Master and (ix) 912,136 Shares held in the Starboard Value LP Account.

 

Percentage: Approximately 7.8%

 

(b)1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 11,465,000
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 11,465,000

 

30

CUSIP No. 380237107

(c)None of Messrs. Smith or Feld has entered into any transactions in securities of the Issuer during the past sixty days. The transactions in securities of the Issuer by Starboard Value LP through the Starboard Value LP Account and on behalf of each of Starboard V&O Fund, Starboard C LP, Starboard S LLC, Starboard P LP, Starboard L Master, Starboard G LP and Starboard X Master during the past sixty days are set forth in Schedule A and are incorporated herein by reference.

The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.

In addition to the Shares beneficially owned by the Reporting Persons as set forth in this filing, and while the Reporting Persons have no current knowledge of the following holdings, the Reporting Persons understand that Toronto Dominion Bank and TD Asset Management Inc. (together, “TD”) had investment discretion over 313,278 Shares as of June 30, 2023, which would represent beneficial ownership of less than 1% of the outstanding Shares as of such date, as such information was set forth in the Form 13F-HR filings filed by TD on August 10, 2023 and August 9, 2023. As reported in the Form ADV filed by Starboard Value LP, Toronto Dominion Bank is included as an indirect control person under Schedule B/C Indirect Owners of the Form ADV as a result of the closing of the acquisition of Cowen Inc. by Toronto Dominion Bank. The validity of the indirect transfer of Cowen Inc.’s ownership interest in Starboard Value LP is subject to an ongoing dispute. The Reporting Persons disclaim the existence of a “group” within the meaning of Section 13(d)(3) of the Exchange Act with TD or any other person other than the other Reporting Persons.

Item 6.Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Item 6 is hereby amended to add the following:

 

As previously disclosed, each of Starboard P LP and Starboard Value LP through the Starboard Value LP Account entered into forward purchase contracts with Goldman Sachs as the counterparty initially providing for the purchase of an aggregate of 695,275 Shares and 5,130 Shares, respectively (the “Initial Goldman Forward Contracts”). Since the filing of Amendment No. 1 to the Schedule 13D, Starboard P LP has sold certain of the Initial Goldman Forward Contracts and Starboard P LP and Starboard Value LP through the Starboard Value LP Account have entered into certain additional forward purchase contracts with Goldman Sachs as the counterparty (the “Additional Goldman Forward Contracts” and together with the Initial Goldman Forward Contracts, the “Goldman Forward Contracts”). Accordingly, Starboard P LP and Starboard Value LP through the Starboard Value LP Account are parties to the Goldman Forward Contracts providing for the purchase of an aggregate of 618,983 Shares and 59,763 Shares having a purchase price of approximately $43,712,172 and $4,438,598, respectively. The Goldman Forward Contracts have a final valuation date of December 6, 2023, however, each of Starboard P LP and Starboard Value LP through the Starboard Value LP Account has the ability to elect early settlement after serving notice to the counter-party of such intention at least two scheduled trading days in advance of the desired early final valuation date. Each of the Goldman Forward Contracts provides for physical settlement. Until the settlement date, none of the Goldman Forward Contracts give the Reporting Persons voting and dispositive control over the Shares to which such contracts relate.

31

CUSIP No. 380237107

 

Starboard Value LP through the Starboard Value LP entered into forward purchase contracts with Bank of America as the counterparty providing for the purchase of an aggregate of 776,297 Shares having an aggregate purchase price of approximately $55,109,324 (the “BA Forward Contracts”). Each of the BA Forward Contracts has a final valuation date of September 13, 2024, however, Starboard Value LP through the Starboard Value LP Account has the ability to elect early settlement after serving notice to the counter-party of such intention at least two scheduled trading days in advance of the desired early final valuation date. Each of the BA Forward Contracts provides for physical settlement. Until the settlement date, none of the BA Forward Contracts give the Reporting Persons voting and dispositive control over the Shares to which such contracts relate.

 

Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.

Item 7.Material to be Filed as Exhibits.

Item 7 is hereby amended to add the following exhibit:

99.1Letter to the Issuer’s CEO and Chairman, dated September 12, 2023.

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CUSIP No. 380237107

SIGNATURES

After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: September 12, 2023

STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD

By: Starboard Value LP,

its investment manager

 

Starboard Value and Opportunity S LLC

By: Starboard Value LP,

its manager

 

Starboard Value and Opportunity C LP

By: Starboard Value R LP,

its general partner

 

STARBOARD VALUE R LP

By: Starboard Value R GP LLC,

its general partner

 

Starboard Value and Opportunity Master Fund L LP

By: Starboard Value L LP,

its general partner

 

Starboard Value L LP

By: Starboard Value R GP LLC,

its general partner

 

Starboard G Fund, L.P.

By: Starboard Value G GP, LLC,

its general partner

 

 

 

STARBOARD P FUND LP

By: Starboard Value P GP LLC,

its general partner

 

STARBOARD VALUE P GP LLC

By: Starboard Value R LP,

its member

 

STARBOARD VALUE G GP, LLC

By: Starboard Value A LP,

its managing member

 

Starboard Value A LP

By: Starboard Value A GP LLC,

its general partner

 

Starboard X MASTER FUND LTD

By: Starboard Value LP,

its investment manager

 

Starboard X MASTER FUND LTD

By: Starboard Value LP,

its investment manager

 

STARBOARD VALUE LP

By: Starboard Value GP LLC,

its general partner

 

STARBOARD VALUE GP LLC

By: Starboard Principal Co LP,

its member

 

STARBOARD PRINCIPAL CO LP

By: Starboard Principal Co GP LLC,

its general partner

 

STARBOARD PRINCIPAL CO GP LLC

 

Starboard Value A GP LLC

 

Starboard Value R GP LLC

 

 
 
By:

/s/ Jeffrey C. Smith

  Name: Jeffrey C. Smith
  Title: Authorized Signatory

 

 
 

/s/ Jeffrey C. Smith

Jeffrey C. Smith
Individually and as attorney-in-fact for Peter A. Feld

 

33

CUSIP No. 380237107

SCHEDULE A

Transactions in Securities of the Issuer During the Past Sixty Days

Nature of the Transaction

Amount of Securities

Purchased/(Sold)

Price ($)

Date of

Purchase/Sale

 

STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD

 

Sale of Class A Common Stock (21,152) 77.7744 07/13/2023
Sale of Class A Common Stock (21,152) 77.5050 07/17/2023
Sale of Class A Common Stock (31,728) 77.8155 07/18/2023
Sale of Class A Common Stock (5,499) 78.1130 07/19/2023
Sale of Class A Common Stock (31,728) 77.1551 08/01/2023
Sale of August 2023 Put Option ($70.00 Strike Price)1 (62,900) 0.4509 08/02/2023
Sale of August 2023 Call Option ($80.00 Strike Price)2 (52,300) 0.4870 08/02/2023
Sale of August 2023 Call Option ($80.00 Strike Price)2 (52,300) 0.5765 08/03/2023
Sale of August 2023 Put Option ($70.00 Strike Price)1 (62,900) 0.5754 08/03/2023
Acquisition of Common Stock Upon Assignment of August 2023 Put Option ($70.00 Strike Price) 125,800 70.0000 08/04/2023
Purchase of Class A Common Stock 137,030 70.3000 08/29/2023
Sale of Class A Common Stock (42,665) 70.8632 08/29/2023
Sale of Class A Common Stock (10,681) 72.3205 08/31/2023
Sale of Class A Common Stock (37,597) 74.6219 09/05/2023
Sale of Class A Common Stock (15,808) 74.7006 09/07/2023

 

 

STARBOARD VALUE AND OPPORTUNITY S LLC

 

Sale of Class A Common Stock (2,979) 77.7744 07/13/2023
Sale of Class A Common Stock (2,980) 77.5050 07/17/2023
Sale of Class A Common Stock (4,469) 77.8155 07/18/2023
Sale of Class A Common Stock (775) 78.1130 07/19/2023
Sale of Class A Common Stock (4,469) 77.1551 08/01/2023
Sale of August 2023 Put Option ($70.00 Strike Price)1 (7,800) 0.4509 08/02/2023
Sale of August 2023 Call Option ($80.00 Strike Price)2 (7,400) 0.4870 08/02/2023
Sale of August 2023 Call Option ($80.00 Strike Price)2 (7,400) 0.5765 08/03/2023
Sale of August 2023 Put Option ($70.00 Strike Price)1 (7,800) 0.5754 08/03/2023
Acquisition of Common Stock Upon Assignment of August 2023 Put Option ($70.00 Strike Price) 15,600 70.0000 08/04/2023
Purchase of Class A Common Stock 16,923 70.3000 08/29/2023
Sale of Class A Common Stock (5,991) 70.8632 08/29/2023
Sale of Class A Common Stock (1,495) 72.3205 08/31/2023
Sale of Class A Common Stock (5,262) 74.6219 09/05/2023
Sale of Class A Common Stock (2,212) 74.7006 09/07/2023

 

 

CUSIP No. 380237107

STARBOARD P FUND LP

 

Sale of Forward Contract (2,806) 77.7744 07/13/2023
Sale of Forward Contract (2,805) 77.5050 07/17/2023
Sale of Forward Contract (4,208) 77.8155 07/18/2023
Sale of Forward Contract (730) 78.1130 07/19/2023
Sale of Forward Contract (4,208) 77.1551 08/01/2023
Sale of August 2023 Put Option ($70.00 Strike Price)1 (900) 0.4509 08/02/2023
Sale of August 2023 Call Option ($80.00 Strike Price)2 (6,900) 0.4870 08/02/2023
Sale of August 2023 Call Option ($80.00 Strike Price)2 (6,900) 0.5765 08/03/2023
Sale of August 2023 Put Option ($70.00 Strike Price)1 (900) 0.5754 08/03/2023
Acquisition of Common Stock Upon Assignment of August 2023 Put Option ($70.00 Strike Price) 1,800 70.0000 08/04/2023
Sale of Class A Common Stock (1,800) 70.5147 08/07/2023
Purchase of Forward Contract 1,800 70.5533 08/07/2023
Purchase of Class A Common Stock 2,245 70.3000 08/29/2023
Sale of Forward Contract (5,528) 70.8632 08/29/2023
Sale of Class A Common Stock (2,245) 72.6229 08/31/2023
Purchase of Forward Contract 2,245 72.6556 08/31/2023
Sale of Forward Contract (1,351) 72.3205 08/31/2023
Sale of Forward Contract (4,754) 74.6219 09/05/2023
Sale of Forward Contract (1,999) 74.7006 09/07/2023

 

STARBOARD VALUE AND OPPORTUNITY C LP

 

Sale of Class A Common Stock (1,963) 77.7744 07/13/2023
Sale of Class A Common Stock (1,963) 77.5050 07/17/2023
Sale of Class A Common Stock (2,945) 77.8155 07/18/2023
Sale of Class A Common Stock (510) 78.1130 07/19/2023
Sale of Class A Common Stock (2,945) 77.1551 08/01/2023
Sale of August 2023 Put Option ($70.00 Strike Price)1 (5,900) 0.4509 08/02/2023
Sale of August 2023 Call Option ($80.00 Strike Price)2 (4,900) 0.4870 08/02/2023
Sale of August 2023 Call Option ($80.00 Strike Price)2 (4,900) 0.5765 08/03/2023
Sale of August 2023 Put Option ($70.00 Strike Price)1 (5,900) 0.5754 08/03/2023
Acquisition of Common Stock Upon Assignment of August 2023 Put Option ($70.00 Strike Price) 11,800 70.0000 08/04/2023
Purchase of Class A Common Stock 12,927 70.3000 08/29/2023
Sale of Class A Common Stock (3,961) 70.8632 08/29/2023
Sale of Class A Common Stock (992) 72.3205 08/31/2023
Sale of Class A Common Stock (3,492) 74.6219 09/05/2023
Sale of Class A Common Stock (1,468) 74.7006 09/07/2023

 

 

CUSIP No. 380237107

STARBOARD VALUE AND OPPORTUNITY MASTER FUND L LP

 

Sale of Class A Common Stock (1,101) 77.7744 07/13/2023
Sale of Class A Common Stock (1,100) 77.5050 07/17/2023
Sale of Class A Common Stock (1,651) 77.8155 07/18/2023
Sale of Class A Common Stock (286) 78.1130 07/19/2023
Sale of Class A Common Stock (1,651) 77.1551 08/01/2023
Sale of August 2023 Put Option ($70.00 Strike Price)1 (3,300) 0.4509 08/02/2023
Sale of August 2023 Call Option ($80.00 Strike Price)2 (2,700) 0.4870 08/02/2023
Sale of August 2023 Call Option ($80.00 Strike Price)2 (2,700) 0.5765 08/03/2023
Sale of August 2023 Put Option ($70.00 Strike Price)1 (3,300) 0.5754 08/03/2023
Acquisition of Common Stock Upon Assignment of August 2023 Put Option ($70.00 Strike Price) 6,600 70.0000 08/04/2023
Purchase of Class A Common Stock 7,286 70.3000 08/29/2023
Sale of Class A Common Stock (2,221) 70.8632 08/29/2023
Sale of Class A Common Stock (556) 72.3205 08/31/2023
Sale of Class A Common Stock (1,958) 74.6219 09/05/2023
Sale of Class A Common Stock (823) 74.7006 09/07/2023

 

 

STARBOARD X MASTER FUND LTD

 

Sale of Class A Common Stock (5,115) 77.7744 07/13/2023
Sale of Class A Common Stock (5,116) 77.5050 07/17/2023
Sale of Class A Common Stock (7,673) 77.8155 07/18/2023
Sale of Class A Common Stock (1,330) 78.1130 07/19/2023
Sale of Class A Common Stock (7,674) 77.1551 08/01/2023
Sale of August 2023 Put Option ($70.00 Strike Price)1 (16,600) 0.4509 08/02/2023
Sale of August 2023 Call Option ($80.00 Strike Price)2 (12,700) 0.4870 08/02/2023
Sale of August 2023 Call Option ($80.00 Strike Price)2 (12,700) 0.5765 08/03/2023
Sale of August 2023 Put Option ($70.00 Strike Price)1 (16,600) 0.5754 08/03/2023
Acquisition of Common Stock Upon Assignment of August 2023 Put Option ($70.00 Strike Price) 33,200 70.0000 08/04/2023
Purchase of Class A Common Stock 36,197 70.3000 08/29/2023
Sale of Class A Common Stock (10,343) 70.8632 08/29/2023
Purchase of Class A Common Stock 55,000 72.3549 08/30/2023
Sale of Class A Common Stock (2,714) 72.3205 08/31/2023
Sale of Class A Common Stock (9,554) 74.6219 09/05/2023
Sale of Class A Common Stock (4,017) 74.7006 09/07/2023

 

 

CUSIP No. 380237107

STARBOARD G FUND, L.P.

 

Sale of Class A Common Stock (5,299) 77.7744 07/13/2023
Sale of Class A Common Stock (5,299) 77.5050 07/17/2023
Sale of Class A Common Stock (7,948) 77.8155 07/18/2023
Sale of Class A Common Stock (1,378) 78.1130 07/19/2023
Sale of Class A Common Stock (7,948) 77.1551 08/01/2023
Sale of August 2023 Put Option ($70.00 Strike Price)1 (2,600) 0.4509 08/02/2023
Sale of August 2023 Call Option ($80.00 Strike Price)2 (13,100) 0.4870 08/02/2023
Sale of August 2023 Call Option ($80.00 Strike Price)2 (13,100) 0.5765 08/03/2023
Sale of August 2023 Put Option ($70.00 Strike Price)1 (2,600) 0.5754 08/03/2023
Acquisition of Common Stock Upon Assignment of August 2023 Put Option ($70.00 Strike Price) 5,200 70.0000 08/04/2023
Purchase of Class A Common Stock 6,306 70.3000 08/29/2023
Sale of Class A Common Stock (10,457) 70.8632 08/29/2023
Sale of Class A Common Stock (2,559) 72.3205 08/31/2023
Sale of Class A Common Stock (9,009) 74.6219 09/05/2023
Sale of Class A Common Stock (3,788) 74.7006 09/07/2023

 

 

STARBOARD VALUE LP

(Through the Starboard Value LP Account)

Sale of Class A Common Stock (4,047) 77.7744 07/13/2023
Sale of Class A Common Stock (4,047) 77.5050 07/17/2023
Sale of Class A Common Stock (6,071) 77.8155 07/18/2023
Sale of Class A Common Stock (1,052) 78.1130 07/19/2023
Sale of Class A Common Stock (6,070) 77.1551 08/01/2023
Purchase of Class A Common Stock 24,680 70.3000 08/29/2023
Sale of Class A Common Stock (7,952) 70.8632 08/29/2023
Sale of Class A Common Stock (1,989) 72.3205 08/31/2023
Sale of Class A Common Stock (7,001) 74.6219 09/05/2023
Sale of Class A Common Stock (2,944) 74.7006 09/07/2023

 

______________________________

1 Represents Shares underlying American-style put options sold short in the over the counter market. Th ese put options were exercised pursuant to their terms on August 4, 2023.

2 Represents Shares underlying American-style call options sold short in the over the counter market. These call options expired worthless pursuant to their terms on August 4, 2023.