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

Datadog's Chief Revenue Officer, Sean Michael Walters, sold 4,674 shares of Class A Common Stock at $150 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Sean Michael Walters, the Chief Revenue Officer of Datadog, Inc., sold 4,674 shares of Class A Common Stock on November 22, 2024.
• The sale was executed at a price of $150 per share.
• This transaction was conducted under a pre-arranged 10b5-1 trading plan established on December 14, 2023.
• Following the transaction, Mr. Walters directly owns 174,693 shares of Class A Common Stock.
• He also indirectly owns shares through his son.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of insider trading.

Comparison to Industry Standards

• Sales by executives under 10b5-1 plans are a common practice across the technology industry.
• Many companies have similar filings when executives sell shares, especially those with significant equity compensation.
• The volume of shares sold is relatively small compared to the total outstanding shares of Datadog.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but it is unlikely to have a significant effect given the pre-arranged nature of the sale.

Key Dates

Keywords

Datadog, DDOG, insider trading, Form 4, 10b5-1 plan, stock sale, Sean Michael Walters, Chief Revenue Officer