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

Sean Michael Walters, Chief Revenue Officer of Datadog, Inc., sold shares of Class A Common Stock on September 11, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On September 11, 2024, Sean Michael Walters, the Chief Revenue Officer of Datadog, Inc., sold shares of Class A Common Stock.
• The sales were executed under a 10b5-1 trading plan established on December 14, 2023.
• A total of 3,096 shares were sold in two separate transactions.
• The first transaction involved the sale of 1,400 shares at a weighted-average price of $108.1114, with prices ranging from $107.57 to $108.46.
• The second transaction involved the sale of 1,696 shares at a weighted-average price of $109.1201, with prices ranging from $108.63 to $109.56.
• Following these transactions, Walters directly owns 185,834 shares of Class A Common Stock and indirectly owns 8 shares by his son.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-arranged plan, which is a common practice.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. The impact on Datadog's stock is likely to be minimal unless there are other significant factors at play.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares, but the effect is likely to be minimal given the relatively small number of shares sold.

Key Dates