Form 4: Datadog Executive Armelle De Madre Reports Acquisition of 33,439 Shares of Class A Common Stock

Armelle De Madre, Chief People Officer of Datadog, Inc., reports acquiring 33,439 shares of Class A Common Stock on February 27, 2024, as a result of performance-based restricted stock units (PSUs) being earned.

Summary

• On February 27, 2024, Armelle De Madre, the Chief People Officer of Datadog, Inc., acquired 33,439 shares of Class A Common Stock.
• The acquisition was a result of performance-based restricted stock units (PSUs) that were granted on April 25, 2023, and earned upon achievement of performance criteria.
• 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 continued service.
• Following the transaction, De Madre directly owns 122,159 shares of Datadog's Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard disclosure of stock acquisition by an executive. It doesn't inherently indicate positive or negative performance for the company.

Positives

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

Future Outlook

The 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 continued service.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a common occurrence for publicly traded companies like Datadog. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates confidence from a company executive.

Key Dates