Form 4: Datadog CEO Olivier Pomel Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Datadog's CEO, Olivier Pomel, sold 37,406 shares of Class A Common Stock on March 3, 2025, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 3, 2025, Olivier Pomel, the CEO of Datadog, Inc., sold 37,406 shares of Class A Common Stock.
- The sale was executed at a price of $115.8629 per share.
- The transaction was conducted to cover tax withholding obligations arising from the vesting of restricted stock units and performance-based restricted stock units, as well as related brokerage commission fees.
- Following the transaction, Pomel directly owns 435,793 shares of Datadog's Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among executives of publicly traded companies.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholders, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of the stock sale transaction. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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