Form 4: Datadog's Chief Technology Officer, Alexis Le-Quoc, Reports Stock Sale to Cover Tax Obligations

Alexis Le-Quoc, Datadog's CTO, sold 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, Alexis Le-Quoc, the Chief Technology Officer of Datadog, Inc., sold 11,387 shares of Class A Common Stock.
• The sale was executed at a price of $109.455 per share.
• The transaction was conducted to cover tax withholding obligations arising from the vesting of restricted stock units and performance-based restricted stock units, as well as brokerage commission fees.
• Following the transaction, Le-Quoc directly owns 279,025 shares of Class A Common Stock.
• Additionally, Le-Quoc indirectly owns 35 shares through the Alexis Le-Quoc Revocable Trust.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This particular filing indicates a sale to cover tax obligations, which is a common practice.

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