Form 4: Datadog Executive Armelle De Madre Sells 300 Shares of Class A Common Stock
SEC Form 4 Filing
Armelle De Madre, Chief People Officer of Datadog, Inc., sold 300 shares of Class A Common Stock at a price of $113.37 per share on May 7, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On May 7, 2024, Armelle De Madre, the Chief People Officer of Datadog, Inc., sold 300 shares of Class A Common Stock.
- The sale was executed at a price of $113.37 per share.
- The transaction was conducted under a pre-arranged 10b5-1 trading plan adopted on December 12, 2023.
- Following the transaction, De Madre directly owns 100,053 shares of Datadog's Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by an executive could have a minor psychological impact on shareholders, but the effect is likely minimal due to the pre-planned nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 12/12/2023 | Date of adoption of the 10b5-1 trading plan |
| 05/07/2024 | Date of the stock sale transaction |
| 05/09/2024 | Date of signature on the Form 4 filing |
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