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

Kerry Acocella, General Counsel and Secretary of Datadog, Inc., sold 1,846 shares of Class A Common Stock on June 26, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On June 26, 2024, Kerry Acocella, the General Counsel and Secretary of Datadog, Inc., sold 1,846 shares of Class A Common Stock.
• The sale was executed under a pre-arranged 10b5-1 trading plan established on March 15, 2024.
• The shares were sold at a weighted-average price of $120.275, with individual prices ranging from $120.04 to $120.46.
• Following the transaction, Acocella directly owns 80,084 shares of Datadog's Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a stock sale under a pre-arranged plan, which is a common practice. There is no indication of positive or negative implications for the company.

Industry Context

Sales by insiders are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares over a period of time without being accused of trading on inside information. It is important to consider the overall context of insider sales, including the company's performance and outlook.

Stakeholder Impact

• The sale of shares by a company insider could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates