Form 4: Datadog's Chief Revenue Officer Sells Shares to Cover Tax Obligations

Sean Michael Walters, Chief Revenue Officer of Datadog, Inc., sold 8,394 shares of Class A Common Stock on June 3, 2024, to cover tax withholding obligations.

Summary

• On June 3, 2024, Sean Michael Walters, the Chief Revenue Officer of Datadog, Inc., sold 8,394 shares of Class A Common Stock.
• The sale was executed at a price of $109.455 per share.
• The transaction was conducted to cover applicable 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, Walters directly owns 202,906 shares of Class A Common Stock and indirectly owns 8 shares by son.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company executives and directors. This sale appears to be related to tax obligations, which is a common reason for such transactions.

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