Form 4: Datadog Chief Revenue Officer Sells Shares Under 10b5-1 Plan

Datadog's Chief Revenue Officer, Sean Michael Walters, sold 4,244 shares of Class A Common Stock at $135 per share, according to a recent SEC filing.

Summary

• Sean Michael Walters, Chief Revenue Officer of Datadog, Inc., sold 4,244 shares of Class A Common Stock on November 20, 2024.
• The sale was executed at a price of $135 per share.
• This transaction was conducted under a pre-arranged 10b5-1 trading plan established on December 14, 2023.
• Following the transaction, Walters directly owns 179,367 shares of Class A Common Stock.
• He also indirectly owns 8 shares through his son.
• Additionally, Walters acquired 99 shares on November 15, 2024, through the company's Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document reflects a routine insider transaction under a pre-arranged plan, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a standard practice for executives to avoid accusations of insider trading.
• The sale of shares by a Chief Revenue Officer is not unusual and is often part of personal financial planning.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on investor sentiment, but is unlikely to significantly affect the company's operations or long-term prospects.

Key Dates

Keywords

Datadog, DDOG, SEC Form 4, insider trading, 10b5-1 plan, stock sale, Sean Michael Walters, Chief Revenue Officer, Class A Common Stock, employee stock purchase plan