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 to cover tax withholding obligations.

Summary

• On March 3, 2025, David Obstler, the Chief Financial Officer of Datadog, Inc., sold 27,755 shares of Class A Common Stock.
• The sale was executed at a price of $115.8629 per share, resulting in a total transaction value of approximately $3,215,784.
• Following the transaction, Obstler directly owns 345,517 shares of Datadog's Class A Common Stock.
• The sale was conducted 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.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. It is neither particularly positive nor negative, but rather a standard practice. The sentiment is neutral to slightly positive as it indicates the executive is receiving stock-based compensation.

Industry Context

Sales of shares to cover tax obligations are a routine part of executive compensation, particularly in companies that grant stock-based compensation.

Stakeholder Impact

• The sale of shares by a company executive can sometimes create short-term selling pressure on the stock, but this is usually minimal for routine transactions like covering tax obligations.

Key Dates