Form 4: Datadog Chief Revenue Officer Sean Michael Walters Reports Stock Sale to Cover Tax Obligations
SEC Form 4 Filing
Sean Michael Walters, Chief Revenue Officer of Datadog, Inc., sold 20,024 shares of Class A Common Stock on March 3, 2025, to cover tax withholding obligations.
Summary
- On March 3, 2025, Sean Michael Walters, the Chief Revenue Officer of Datadog, Inc., sold 20,024 shares of Class A Common Stock at a price of $115.8629 per share.
- The sale was 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.
- Following the transaction, Walters directly owns 194,325 shares of Class A Common Stock and indirectly owns 8 shares through his son.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations.
Industry Context
This is a routine Form 4 filing, reflecting a corporate executive selling shares to cover tax obligations, a common practice.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a standard transaction for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of stock sale transaction |
| 03/05/2025 | Date of signature on the Form 4 filing |
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