Tax-driven Datadog (DDOG) CEO share sale totals 68,922 shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 68,922 shares ($7,618,355)
Net Sell
1 txn
Insider
Pomel Olivier
Role
Chief Executive Officer
Sold
68,922 shs ($7.62M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 68,922 | $110.5359 | $7.62M |
Holdings After Transaction:
Class A Common Stock — 704,821 shares (Direct)
Footnotes (1)
- 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. 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.
FAQ
What insider transaction did Datadog (DDOG) report for CEO Olivier Pomel?
Datadog reported that CEO Olivier Pomel sold 68,922 shares of Class A common stock. The sale was conducted in the open market and was required to cover tax withholding obligations tied to vesting of restricted stock units and performance-based awards.