Form 4: Datadog CTO Alexis Le-Quoc Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Datadog's Chief Technology Officer, Alexis Le-Quoc, sold shares of Class A Common Stock on March 4, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 4, 2024, Alexis Le-Quoc, the Chief Technology Officer of Datadog, Inc., sold 37,161 shares of Class A Common Stock at a price of $128.577 per share.
- Additionally, 7 shares of Class A Common Stock were sold at a weighted-average price ranging from $130.51 to $130.5519.
- These transactions were executed to cover tax withholding obligations realized upon the vesting of restricted stock units and performance-based restricted stock units, as well as related brokerage commission fees.
- Following these transactions, Le-Quoc directly owns 290,412 shares of Datadog's Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC Form 4 filing, indicating stock sales to cover tax obligations. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of stock sale transactions. |
| 03/06/2024 | Date of signature on the SEC Form 4 filing. |
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