DDOG insider files Rule 144 to sell 8,572 shares valued at $1.17M
Rhea-AI Filing Summary
Datadog, Inc. (DDOG) notice reports a proposed sale of 8,572 shares of Class A common stock through Morgan Stanley Smith Barney, with an aggregate market value of $1,171,620.96 and an approximate sale date of 09/02/2025 on NASDAQ. The shares were acquired on 09/01/2025 as vesting Restricted Stock Units and Performance Stock Units and the stated nature of payment is compensation. The filer also disclosed two prior sales in June 2025 totaling 30,313 shares for gross proceeds of $3,557,393.76. The notice includes the required representation that the seller is not aware of undisclosed material adverse information.
Positive
- Securities were acquired as RSUs/PSUs, indicating the shares resulted from standard compensation arrangements rather than external purchases
- Broker and exchange identified (Morgan Stanley Smith Barney; NASDAQ), which provides transparency on execution venue for the proposed sale
Negative
- Recent insider sales in June 2025 totaled 30,313 shares for gross proceeds of $3,557,393.76, indicating ongoing insider liquidity events
- Some issuer/filer identifying fields are not populated in the provided excerpt (e.g., issuer name, filer CIK), limiting full context from this document alone
Insights
TL;DR: Insider is liquidating vested equity via Rule 144; recent June sales were larger than the current proposed sale.
The filing shows a routine Rule 144 notice for shares that vested as RSUs/PSUs and will be sold through Morgan Stanley Smith Barney. The proposed block is 8,572 shares valued at about $1.17 million, following two June dispositions totaling 30,313 shares and roughly $3.56 million. This pattern is consistent with scheduled sell-downs after vesting rather than an unexpected disposition. No indication of material undisclosed company information is made in the notice.
TL;DR: Disclosure aligns with Rule 144 requirements; the filing documents compensation-related acquisitions and subsequent planned sales.
The notice documents that the securities were acquired as compensation (RSUs/PSUs) and identifies the broker and intended exchange. The inclusion of prior June sales provides useful context about recent insider liquidity. The statement attesting to absence of undisclosed adverse information is standard. There are no governance red flags or unusual conditions disclosed within this form.