Form 4: Datadog President Amit Agarwal Sells Shares to Cover Tax Obligations

Datadog's President, Amit Agarwal, sold a portion of his Class A Common Stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On September 3, 2024, Amit Agarwal, President of Datadog, Inc., sold shares of Class A Common Stock.
• The sales were executed in two transactions at weighted average prices of $113.516 and $111.7782.
• A total of 11,519 shares were sold to cover tax obligations arising from the vesting of restricted stock units and performance-based restricted stock units, as well as brokerage commission fees.
• Following the transactions, Agarwal directly owns 271,175 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, where his spouse serves as Trustee.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (selling shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Sales of stock to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale.

Key Dates