Form 4: Datadog CFO David Obstler Reports Stock Transactions

Datadog's CFO, David Obstler, reports the acquisition and disposal of Class A Common Stock and exercises stock options.

Summary

• On March 21, 2024, David Obstler, the CFO of Datadog, Inc., engaged in transactions involving Class A Common Stock and stock options.
• Obstler acquired 3,732 shares of Class A Common Stock at $1.55 and disposed of 3,732 shares at a weighted-average price of $125.3623.
• He also acquired 3,833 shares of Class A Common Stock at $0 and disposed of 3,833 shares at a weighted-average price of $125.365.
• These transactions were partially executed under a pre-arranged 10b5-1 trading plan.
• Obstler also exercised stock options to acquire 3,732 shares of Class B Common Stock, which are convertible into Class A Common Stock.
• Following these transactions, Obstler directly owns 275,191 shares of Class A Common Stock and indirectly owns 3,833 shares through the Obstler Children 2019 Trust.
• He also directly owns 222,500 shares of Class B Common Stock and indirectly owns 107,397 shares through the Obstler Children 2019 Trust.
• He directly owns 15,603 stock options and indirectly owns 107,397 stock options.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. These transactions are often part of pre-planned strategies for managing personal finances and complying with securities regulations.

Comparison to Industry Standards

• Insider transactions are a normal part of executive compensation and wealth management at publicly traded companies like Datadog.
• Similar filings are regularly made by executives at comparable companies such as MongoDB, Cloudflare, and CrowdStrike.
• The use of 10b5-1 plans is a common practice to avoid accusations of insider trading, aligning with industry best practices.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
• The transactions are unlikely to significantly affect employees, customers, suppliers, or creditors.

Key Dates