Form 4: Datadog CFO David Obstler Executes Stock Option, Sells Shares Under 10b5-1 Plan

Datadog's CFO, David Obstler, exercised stock options and sold shares of Class A Common Stock under a pre-arranged 10b5-1 trading plan.

Summary

• On March 11 and 13, 2024, David Obstler, the CFO of Datadog, Inc., engaged in multiple transactions involving the company's stock.
• Obstler exercised stock options to acquire 81,268 shares of Class A Common Stock at a price of $1.55 per share.
• Concurrently, Obstler sold a total of 123,265 shares of Class A Common Stock at prices ranging from $118.61 to $125.40 per share.
• These sales were executed under a pre-arranged 10b5-1 trading plan established on December 10, 2023.
• The transactions also involved shares held indirectly through the Obstler Children 2019 Trust, where Obstler's spouse serves as Trustee.
• Following these transactions, Obstler directly owns 275,191 shares of Class A Common Stock and indirectly owns no shares through the Obstler Children 2019 Trust.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of insider trading activity. The transactions are part of a pre-arranged plan, so they don't necessarily indicate a positive or negative outlook.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common among publicly traded companies. Investors often monitor these filings to gain insights into management's perspective on the company's stock and future prospects.

Stakeholder Impact

• The transactions could have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates