4/A: Datadog Director Matthew Jacobson Amends Form 4 to Disclose Omitted Stock Sale

Matthew Jacobson, a director at Datadog, Inc., filed an amended Form 4 to report an omitted sale of 20,000 shares of Class A Common Stock on June 13, 2024.

Summary

• Matthew Jacobson, a director at Datadog, Inc., filed an amended Form 4/A with the SEC.
• The amendment corrects an omission in the original Form 4 filed on June 17, 2024.
• The corrected form includes the sale of 20,000 shares of Class A Common Stock by Jacobson on June 13, 2024, at a weighted average price of $119.8009 per share.
• Jacobson also sold 8,903 shares at a weighted average price of $119.5165.
• After the reported transactions, Jacobson directly owns 695,163 shares and indirectly owns shares through various ICONIQ Strategic Partners entities.
• Jacobson disclaims beneficial ownership of shares held by trusts and ICONIQ Strategic Partners, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing correcting a previous omission. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their trading activities. This amended filing ensures compliance with regulations.

Comparison to Industry Standards

• Insider trading activity is a common metric followed across the industry.
• Comparable companies such as Dynatrace and New Relic also have regular Form 4 filings from their directors and officers.
• The volume of shares traded by insiders is often compared to the company's overall trading volume to assess the significance of the insider activity.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider trading activity.
• It ensures compliance with SEC regulations, maintaining investor confidence.

Key Dates