Form 4: Datadog's Chief Revenue Officer, Sean Michael Walters, Sells Shares Under 10b5-1 Trading Plan

Datadog's Chief Revenue Officer, Sean Michael Walters, executed multiple sales of Class A Common Stock on April 11, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On April 11, 2024, Sean Michael Walters, the Chief Revenue Officer of Datadog, Inc., sold shares of Class A Common Stock.
• The sales were executed under a 10b5-1 trading plan adopted on March 15, 2023.
• A total of 10,000 shares were sold in multiple transactions at weighted-average prices ranging from $128.3408 to $130.9353.
• Following these transactions, Walters directly owns 162,706 shares of Class A Common Stock and indirectly owns 8 shares by son.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock sales by an executive under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Sales by company executives are a normal part of corporate activity. The use of a 10b5-1 trading plan allows insiders to sell shares over a period of time while avoiding concerns about insider trading.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially creating downward pressure on the stock price, although the impact is likely to be minimal given the pre-planned nature of the sales.

Key Dates