Form 4: Datadog General Counsel Kerry Acocella Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Kerry Acocella, General Counsel and Secretary of Datadog, Inc., sold 11,538 shares of Class A Common Stock on March 3, 2025, to cover tax withholding obligations.
Summary
- On March 3, 2025, Kerry Acocella, the General Counsel and Secretary of Datadog, Inc., sold 11,538 shares of Class A Common Stock.
- The sale was executed at a price of $115.8629 per share.
- The purpose of the sale was to cover applicable 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 the transaction, Acocella directly owns 89,821 shares of Datadog's Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale to cover tax obligations. It doesn't inherently convey positive or negative sentiment.
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 minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of the stock sale transaction. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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