Form 4: Datadog COO Adam Blitzer Sells Shares to Cover Tax Obligations

Adam Blitzer, COO of Datadog, Inc., sold shares of Class A Common Stock on September 3, 2024, to cover tax withholding obligations.

Summary

• On September 3, 2024, Adam Blitzer, the Chief Operating Officer of Datadog, Inc., sold 11,946 shares of Class A Common Stock at a price of $113.516 per share.
• Additionally, he sold 139 shares of Class A Common Stock at a weighted-average price ranging from $111.68 to $111.9211.
• These transactions were 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 these transactions, Blitzer directly owns 217,854 shares of Datadog's Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing simply reports the sale of shares to cover tax obligations, which is a routine transaction. There is no indication of positive or negative sentiment towards the company's performance.

Industry Context

Sales of shares by company executives are a common occurrence, often related to compensation and tax planning. It's important to consider the context of these sales, as they don't always indicate a negative outlook on the company's future.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on other stakeholders.

Key Dates