Form 4: Datadog Executive Armelle De Madre Sells Shares to Cover Tax Obligations

Armelle De Madre, Chief People Officer of Datadog, sold shares of Class A Common Stock on March 4, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On March 4, 2024, Armelle De Madre, the Chief People Officer of Datadog, sold 12,653 shares of Class A Common Stock at a price of $128.577 per share.
• Additionally, one share of Class A Common Stock was sold at $130.56.
• These transactions were executed to cover tax withholding obligations realized upon the vesting of restricted stock units and performance-based restricted stock units, as well as related brokerage commission fees.
• Following these transactions, De Madre directly owns 109,505 shares of Datadog's Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.

Industry Context

This is a standard Form 4 filing, which is common when company executives sell shares. It is typical for executives to sell shares to cover tax obligations when restricted stock units vest.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact as it is for tax purposes.

Key Dates