Form 4: Datadog CFO David Obstler Sells Shares to Cover Tax Obligations

Datadog's Chief Financial Officer, David Obstler, sold shares of Class A Common Stock on September 3, 2024, to cover tax withholding obligations.

Summary

• On September 3, 2024, David Obstler, the Chief Financial Officer of Datadog, Inc., sold shares of Class A Common Stock.
• The sales were executed to cover tax withholding obligations related to the vesting of restricted stock units and performance-based restricted stock units, as well as brokerage commission fees.
• A total of 10,870 shares were sold in two transactions.
• The first transaction involved the sale of 10,745 shares at a price of $113.516 per share.
• The second transaction involved the sale of 125 shares at a weighted-average price ranging from $111.74 to $111.93, with an average of $111.7959.
• Following these transactions, Obstler directly owns 314,158 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (stock sale for tax obligations) and doesn't inherently indicate positive or negative sentiment regarding the company's performance or future prospects.

Industry Context

Insider sales are a common occurrence, especially when executives exercise stock options or restricted stock units. These sales are often planned to cover tax liabilities or for personal financial management. The market typically views these sales in the context of the executive's overall holdings and the reasons behind the sale.

Stakeholder Impact

• The sale of shares by a key executive could be perceived negatively by some shareholders, although it is a common practice for covering tax obligations.
• The impact is likely minimal as the sale represents a small portion of the CFO's holdings.

Key Dates