Form 4: Datadog Executive Kerry Acocella Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Kerry Acocella, General Counsel and Secretary of Datadog, Inc., sold shares of Class A Common Stock on September 3, 2024, to cover tax withholding obligations.
Summary
- On September 3, 2024, Kerry Acocella, the General Counsel and Secretary of Datadog, Inc., sold 3,175 shares of Class A Common Stock at a price of $113.516 per share.
- Additionally, 36 shares were sold at a weighted-average price ranging from $111.719 to $111.94, with the weighted average price reported as $111.8442.
- These sales were executed to cover tax withholding obligations related to the vesting of restricted stock units and performance-based restricted stock units, as well as brokerage commission fees.
- Following these transactions, Acocella directly owns 76,873 shares of Datadog's Class A Common Stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine transactions for tax purposes and doesn't indicate a significant change in the executive's holdings or confidence in the company.
Industry Context
This is a routine Form 4 filing, reflecting insider transactions to cover tax obligations, which is a common practice among executives with equity compensation.
Stakeholder Impact
- The stock sale has a minimal impact on shareholders as it is a small transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of stock sale transactions. |
| 09/05/2024 | Date of signature on the Form 4 filing. |
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