Form 4: Datadog Executive Kerry Acocella Sells Shares to Cover Tax Obligations

Kerry Acocella, General Counsel/Corp Secy of Datadog, Inc., sold shares of Class A Common Stock on March 4, 2024, to cover tax withholding obligations.

Summary

• On March 4, 2024, Kerry Acocella, General Counsel/Corp Secy of Datadog, Inc., sold 6,537 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 $130.51.
• These transactions 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 66,402 shares of Datadog's Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral event. The sale is related to tax obligations and doesn't necessarily indicate a change in sentiment towards the company.

Industry Context

This is a routine Form 4 filing, common for corporate insiders who sell shares to cover tax obligations arising from the vesting of stock awards. It doesn't necessarily reflect a change in the executive's long-term outlook for the company.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common practice for covering tax obligations.

Key Dates