Form 4: Datadog General Counsel Kerry Acocella Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Kerry Acocella, General Counsel of Datadog, Inc., sold 2,931 shares of Class A Common Stock on June 3, 2024, to cover tax withholding obligations.
Summary
- On June 3, 2024, Kerry Acocella, the General Counsel and Corporate Secretary of Datadog, Inc., sold 2,931 shares of Class A Common Stock.
- The sale was executed at a price of $109.455 per share.
- The transaction was conducted 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 the transaction, Acocella directly owns 91,742 shares of Datadog's Class A Common Stock.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (stock sale for tax obligations) and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a routine transaction to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of the stock sale transaction. |
| 06/05/2024 | Date of signature for the Form 4 filing. |
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