Form 4: Datadog's Chief People Officer, Armelle De Madre, Reports Stock Sale

Armelle De Madre, Chief People Officer of Datadog, Inc., reported selling 300 shares of Class A Common Stock at $125 per share on May 23, 2024, according to a Form 4 filing with the SEC.

Summary

• On May 28, 2024, Armelle De Madre, the Chief People Officer of Datadog, Inc., filed a Form 4 with the SEC.
• The filing reports a transaction that occurred on May 23, 2024, where she sold 300 shares of Class A Common Stock at a price of $125 per share.
• The sale was executed under a pre-arranged 10b5-1 trading plan adopted on December 12, 2023.
• Following the reported transaction, De Madre beneficially owns 99,965 shares of Datadog's Class A Common Stock, which includes 212 shares acquired on May 15, 2024, under the Issuer's Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale under a pre-arranged plan, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The stock sale by a company insider may have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about opportunistic trading.

Key Dates