Form 4: Datadog Executive Amit Agarwal Reports Acquisition of 80,252 Shares of Class A Common Stock

Datadog's President, Amit Agarwal, reports acquiring 80,252 shares of Class A Common Stock on February 27, 2024, as a result of performance-based restricted stock units (PSUs) earned.

Summary

• On February 27, 2024, Amit Agarwal, President of Datadog, Inc., acquired 80,252 shares of Class A Common Stock.
• The acquisition was a result of performance-based restricted stock units (PSUs) earned on April 25, 2023.
• These earned PSUs will vest as to service as to 1/4 of the shares on March 1, 2024 and 1/12 of the remaining shares on each June 1, September 1, December 1 and March 1 thereafter, subject to continuous service.
• Following the transaction, Agarwal directly owns 327,323 shares of Class A Common Stock.
• Agarwal also indirectly owns 1,640 shares through the Agarwal 2018 Family Trust and 6,541 shares through the Agarwal 2019 Family Trust, both trusts for which his spouse is Trustee.

Sentiment

Score: 6

Explanation: Neutral sentiment. This is a standard regulatory filing related to stock transactions by an executive. The acquisition of shares could be seen as a positive signal, but it's part of a pre-existing compensation plan.

Positives

• The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The remaining PSUs will vest as to service as to 1/12 of the remaining shares on each June 1, September 1, December 1 and March 1 thereafter, subject in each case to the Reporting Person remaining in Continuous Service.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. Investors often monitor these filings to gain insights into management's perspective on the company's stock.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the executive's increased stake in the company.

Key Dates