Form 4: Datadog CTO Sells Shares for Tax Obligations

Datadog's Chief Technology Officer, Alexis Le-Quoc, sold 13,765 shares of Class A Common Stock to cover tax withholding obligations.

Summary

• Alexis Le-Quoc, Datadog's Chief Technology Officer and a Director, reported a sale of company stock.
• The transaction involved the disposition of 13,765 shares of Class A Common Stock.
• The shares were sold at a price of $158.5985 per share.
• The total value of the shares sold was approximately $2,183,000.
• The sale was mandated by the Issuer to cover applicable tax withholding obligations realized upon the vesting of restricted stock units (RSUs) and performance-based restricted stock units, as well as related brokerage commission fees.
• Following the transaction, Alexis Le-Quoc directly beneficially owns 338,672 shares of Class A Common Stock.
• An additional 169 shares are indirectly beneficially owned through the Alexis Le-Quoc Revocable Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a non-discretionary sale of shares to cover tax obligations upon vesting of equity awards, a routine event for executives.

Future Outlook

NA

Management Comments

• The Reporting Person was required by the Issuer to sell only the number of shares of common stock necessary to cover applicable tax withholding obligations realized upon the vesting of restricted stock units and performance-based restricted stock units, as well as any related brokerage commission fees.

Industry Context

This is a routine insider transaction for tax purposes, common across all industries for executives receiving equity compensation. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary sale for tax purposes, not indicative of a change in management's view of the company's prospects.

Key Dates

Keywords

Datadog, DDOG, Insider Trading, Form 4, Stock Sale, CTO, Restricted Stock Units, Tax Withholding