Form 4: Datadog COO Adam Blitzer Reports Acquisition of 60,544 Shares of Class A Common Stock

Adam Blitzer, Chief Operating Officer of Datadog, Inc., reported the acquisition of 60,544 shares of Class A Common Stock on February 25, 2025, stemming from the vesting of performance-based restricted stock units (PSUs).

Summary

• On February 25, 2025, Adam Blitzer, the Chief Operating Officer of Datadog, Inc., reported a transaction involving the acquisition of 60,544 shares of Class A Common Stock.
• These shares were acquired as a result of the achievement of performance-based criteria related to restricted stock units (PSUs) granted on May 29, 2024.
• The earned PSUs will vest as to service as to 1/4 of the shares on March 1, 2025 and 1/12 of the remaining shares on each June 1, September 1, December 1 and March 1 thereafter, subject to continued service.
• Following the reported transaction, Blitzer directly owns 214,761 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The vesting of PSUs suggests the company is meeting performance goals, and increased executive ownership is generally viewed favorably. However, it's a routine transaction.

Positives

• The vesting of PSUs indicates that performance targets were met, which could be viewed positively by investors.
• Increased ownership by a key executive can signal confidence in the company's future prospects.

Future Outlook

The remaining PSUs will continue to vest based on the service schedule outlined in the document, contingent on continued service.

Industry Context

Tracking executive stock ownership is a common practice in the tech industry, as it provides insights into management's alignment with shareholder interests. This Form 4 filing is a routine disclosure required by the SEC.

Stakeholder Impact

• Shareholders may view the increased ownership by a key executive as a positive signal.
• Employees may see the vesting of PSUs as an indication of the company's success in achieving its goals.

Next Steps

• Remaining PSUs will vest according to the service-based schedule.

Key Dates

Keywords

Datadog, Adam Blitzer, Chief Operating Officer, DDOG, Class A Common Stock, Form 4, SEC Filing, Restricted Stock Units, PSUs, Beneficial Ownership