Form 4: Datadog's General Counsel Kerry Acocella Sells Shares Under 10b5-1 Plan

Kerry Acocella, General Counsel and Secretary of Datadog, Inc., sold a total of 9,812 shares of Class A Common Stock on June 24 and 25, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Kerry Acocella, General Counsel and Secretary of Datadog, Inc., reported the sale of Class A Common Stock.
• On June 24, 2024, 5,955 shares were sold at a weighted-average price of $120.087, with prices ranging from $120.00 to $120.22.
• On June 25, 2024, 3,857 shares were sold at a weighted-average price of $120.032, with prices ranging from $120.00 to $120.105.
• The sales were executed under a 10b5-1 plan established on March 15, 2024.
• Following these transactions, Acocella directly owns 81,930 shares of Datadog's Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports routine stock sales under a pre-existing 10b5-1 plan. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Insider sales are a common occurrence, especially when executed under pre-arranged 10b5-1 trading plans. These plans allow insiders to sell shares over a period of time without being accused of trading on non-public information.

Stakeholder Impact

• The sale of shares by a company insider could have a slight negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates