Form 4: Datadog's Chief Revenue Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Sean Michael Walters, Chief Revenue Officer of Datadog, Inc., sold shares of Class A Common Stock to cover tax withholding obligations.
Summary
- On September 3, 2024, Sean Michael Walters, the Chief Revenue Officer of Datadog, Inc., sold 8,394 shares of Class A Common Stock at a price of $113.516 per share and 97 shares at a weighted average price of $111.8455.
- The sales were executed to cover tax withholding obligations related to the vesting of restricted stock units and performance-based restricted stock units, as well as brokerage commission fees.
- Following the transactions, Walters directly owns 188,930 shares of Class A Common Stock and indirectly owns 8 shares through his son.
Sentiment
Score: 5
Explanation: This is a neutral event. The stock sale is related to tax obligations and doesn't indicate a change in the executive's outlook on the company.
Industry Context
This is a routine transaction for executives to cover tax obligations when stock options or restricted stock units vest. It doesn't necessarily reflect a change in the executive's confidence in the company.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of stock sale transactions |
| 09/05/2024 | Date of signature for the Form 4 filing |
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