DDOG Form 4: General Counsel disposes 3,958 Class A shares under 10b5-1 plan
Rhea-AI Filing Summary
Kerry Acocella, General Counsel and Secretary of Datadog, Inc. (DDOG) reported sales of Class A common stock on 09/05/2025 under a 10b5-1 trading arrangement. The filing lists three disposition transactions totaling 3,958 shares sold at weighted-average prices of $133.1231, $134.2487 and $135.6148, with reported share counts held after each sale of 96,777, 95,277 and 93,419, respectively. The trades were executed pursuant to a 10b5-1 plan modified on May 30, 2025, and the filer indicates the reported prices are weighted averages with ranges provided for each block of sales.
Positive
- None.
Negative
- Insider dispositions totaling 3,958 shares were reported, reducing direct holdings to 93,419 shares after the transactions
- Sales executed under a modified 10b5-1 plan, which removes timing discretion and may limit informational signal, but still represent reductions in insider stock ownership
Insights
TL;DR: Routine insider sales under a modified 10b5-1 plan; no new governance red flags disclosed.
The transactions are dispositions executed under a Rule 10b5-1(c) plan modified on May 30, 2025, which typically signals preplanned, non-discretionary sales rather than opportunistic trading. The filing provides weighted-average prices and ranges, and shows sequential reductions in beneficial holdings to 93,419 shares after the reported sales. From a governance perspective, the disclosure is timely and includes the required explanatory detail; there is no indication in this Form 4 of undisclosed related-party transactions, loans, or unusual timing that would suggest abusive insider activity.
TL;DR: Small-volume insider dispositions, likely immaterial to company valuation but relevant to holder transparency.
The aggregate sale of 3,958 shares at prices in the low-mid $130s appears modest relative to large-cap market caps and does not on its face imply a material shift in insider conviction. The filer notes price ranges and offers to provide per-price breakdowns on request, which supports transparency. The filing does not include any derivative transactions or acquisitions that would materially affect ownership percentages beyond the disclosed decreases in direct holdings.