Form 4: Datadog General Counsel Kerry Acocella Sells Shares Under 10b5-1 Plan

Kerry Acocella, General Counsel and Secretary of Datadog, Inc., sold 2,452 shares of Class A Common Stock on October 4, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On October 4, 2024, Kerry Acocella, the General Counsel and Secretary of Datadog, Inc., sold 2,452 shares of Class A Common Stock.
• The sale was executed under a 10b5-1 trading plan established on March 15, 2024.
• The shares were sold at a weighted-average price of $120.0639, with individual prices ranging from $120.00 to $120.19.
• Following the transaction, Acocella directly owns 74,421 shares of Datadog's Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

Sales by insiders are a common occurrence, especially when executed under pre-arranged 10b5-1 trading plans. These plans allow insiders to sell shares over a period of time without being accused of trading on non-public information. The market typically views these sales as routine unless the size or frequency is unusual.

Comparison to Industry Standards

• Comparing this transaction to similar filings, the sale is relatively small in the context of overall insider holdings.
• Other companies like MongoDB and Snowflake also see regular insider sales under 10b5-1 plans.
• The volume and price range are within typical parameters for such transactions.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors, as it is a relatively small transaction by an individual officer under a pre-arranged plan.

Key Dates