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

Sean Michael Walters, Chief Revenue Officer of Datadog, Inc., sold shares of Class A Common Stock on March 4, 2024, to cover tax withholding obligations.

Summary

• On March 4, 2024, Sean Michael Walters, the Chief Revenue Officer of Datadog, Inc., sold 20,692 shares of Class A Common Stock.
• The sales were executed at prices of $128.577 and $130.555 per share.
• These transactions were conducted 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 reported transactions, Walters directly owns 182,593 shares of Class A Common Stock and indirectly owns 8 shares by his son.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction to cover tax obligations, not indicative of a change in the company's prospects or management's confidence.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Key Dates