Datadog CEO sells shares to cover tax withholdings
Datadog, Inc. Chief Executive Officer Olivier Pomel reported an open-market sale of 68,922 shares of Class A common stock.
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Rhea-AI Filing Summary
Datadog, Inc. Chief Executive Officer Olivier Pomel reported an open-market sale of 68,922 shares of Class A common stock. The weighted-average sale price was $110.5359 per share, with individual trades executed between $110.53 and $111.73.
According to the filing, the issuer required this sale solely to cover tax withholding obligations arising from vesting of restricted stock units and performance-based restricted stock units, including related brokerage fees. After this transaction, Pomel directly held 704,821 shares of Datadog Class A common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 68,922 | $110.5359 | $7.62M |
Footnotes (2)
- F1. The Reporting Person was required by the Issuer to sell only the number of shares of common stock necessary to cover applicable tax withholding obligations realized upon the vesting of restricted stock units and performance-based restricted stock units, as well as any related brokerage commission fees.
- F2. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $110.53 to $111.73 The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
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What insider transaction did Datadog (DDOG) report for CEO Olivier Pomel?
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