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 to cover tax withholding obligations.
Summary
- Alexis Le-Quoc, the Chief Technology Officer of Datadog, Inc., sold 32,086 shares of Class A Common Stock on March 3, 2025.
- The sale was executed at a price of $115.8629 per share.
- The transaction was conducted 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 the transaction, Le-Quoc directly owns 371,865 shares of Class A Common Stock.
- Additionally, 135 shares are held indirectly through the Alexis Le-Quoc Revocable Trust.
Sentiment
Score: 5
Explanation: This is a neutral event. The sale is related to tax obligations, not necessarily indicative of the CTO's sentiment towards the company's future prospects.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of the transaction: sale of Class A Common Stock. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.