Form 4: Datadog Director Shardul Shah Corrects Beneficial Ownership Reporting

Director Shardul Shah of Datadog, Inc. files a Form 4 to correct previous reporting of beneficial ownership, transferring shares to a family trust.

Summary

• Shardul Shah, a director of Datadog, Inc., filed a Form 4 with the SEC.
• The filing reports changes in beneficial ownership of Datadog's Class A Common Stock.
• On June 10, 2024, Shah transferred 327,694 shares of Class A Common Stock to the 2019 Shah Family Trust.
• This transfer is reported as a disposition (D) of shares directly owned and an acquisition (A) of shares indirectly owned through the trust.
• Following the transaction, Shah directly owns 0 shares and indirectly owns 475,281 shares through the trust.
• The filing clarifies that 147,587 shares held by the 2019 Shah Family Trust were previously incorrectly reported as directly owned.
• Shah disclaims beneficial ownership of the shares held by the trust, except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. The correction of a previous error is a positive sign of compliance.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Key Dates