Form 4: Datadog President Amit Agarwal Reports Stock Transactions
SEC Form 4 Filing
Amit Agarwal, President of Datadog, Inc., reports the acquisition and disposal of Class A Common Stock to cover tax obligations and holdings in family trusts.
Summary
- On May 13, 2024, Amit Agarwal acquired 69 shares of Class A Common Stock at $0 per share through a pro rata distribution from a fund.
- On June 3, 2024, Agarwal sold 11,387 shares of Class A Common Stock at $109.455 per share to cover tax withholding obligations and brokerage commission fees related to vesting restricted stock units.
- Following these transactions, Agarwal directly owns 282,694 shares of Class A Common Stock.
- Agarwal also indirectly owns 1,640 shares through the Agarwal 2018 Family Trust and 6,541 shares through the Agarwal 2019 Family Trust, both managed by his spouse.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document reports routine stock transactions by a company insider to cover tax obligations.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the sale of shares by a company insider.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Acquisition of 69 shares of Class A Common Stock. |
| 06/03/2024 | Sale of 11,387 shares of Class A Common Stock to cover tax obligations. |
| 06/05/2024 | Date of Form 4 signature. |
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