Form 4: Datadog's Chief People Officer, Armelle De Madre, Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Armelle De Madre, Chief People Officer of Datadog, Inc., sold 4,442 shares of Class A Common Stock on June 3, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On June 3, 2024, Armelle De Madre, the Chief People Officer of Datadog, Inc., sold 4,442 shares of Class A Common Stock.
- The sale was executed at a price of $109.455 per share.
- The purpose of the sale was to cover tax withholding obligations realized upon the vesting of restricted stock units and performance-based restricted stock units, as well as related brokerage commission fees.
- Following the transaction, De Madre directly owns 95,523 shares of Datadog's Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares by company executives to cover tax obligations upon vesting of stock options or restricted stock units are a common practice.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of the stock sale transaction. |
| 06/05/2024 | Date of signature for the Form 4 filing. |
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