Form 4: Datadog CEO Olivier Pomel Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Datadog's CEO, Olivier Pomel, sold shares of Class A Common Stock on September 3, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On September 3, 2024, Olivier Pomel, the CEO of Datadog, Inc., sold 13,053 shares of Class A Common Stock at a price of $113.516 per share.
- Additionally, 150 shares of Class A Common Stock were sold at a weighted-average price ranging from $111.7153 to $111.8487.
- These sales were executed to cover tax withholding obligations realized upon the vesting of restricted stock units and performance-based restricted stock units, as well as related brokerage commission fees.
- Following these transactions, Pomel directly owns 392,111 shares of Class A Common Stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations, with no indication of a change in the executive's confidence in the company.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook on the company's future.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the small number of shares sold by the CEO.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of stock sale transaction |
| 09/05/2024 | Date of signature by Attorney-in-Fact |
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