Form 4: Datadog Executive Kerry Acocella Reports Acquisition of 23,407 Shares of Class A Common Stock

Kerry Acocella, General Counsel/Corporate Secretary of Datadog, Inc., reports acquiring 23,407 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, Kerry Acocella, General Counsel/Corporate Secretary of Datadog, Inc., acquired 23,407 shares of Class A Common Stock.
• The acquisition was a result of performance-based restricted stock units (PSUs) that were earned due to the 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 continuous service.
• Following the transaction, Acocella directly owns 72,940 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard Form 4 filing related to executive compensation. The acquisition of shares could be seen as a slightly positive signal, but it's not a major event.

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 continue to vest based on the service-based criteria, subject to the Reporting Person's continuous service with the company.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates the acquisition of shares by a key executive, which is a common occurrence in publicly traded companies.

Stakeholder Impact

• The acquisition of shares by a company executive may have a minor positive impact on shareholder sentiment.

Key Dates