Datadog (DDOG) COO Adam Blitzer receives 59,295 RSU stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Blitzer Adam reported acquisition or exercise transactions in this Form 4 filing.
Datadog, Inc. Chief Operating Officer Adam Blitzer received a grant of 59,295 shares of Class A Common Stock in the form of restricted stock units. These RSUs carry no purchase price and increase his direct holdings to 289,615 shares after the grant.
The award vests over time. According to the terms, 12/48 of the RSUs vest on March 1, 2027, and the remaining shares vest in 12 equal quarterly installments on each June 1, September 1, December 1 and March 1 thereafter, as long as he remains in continuous service under Datadog’s 2019 Equity Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Blitzer Adam
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 59,295 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 289,615 shares (Direct)
Footnotes (1)
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Key Figures
RSU grant size: 59,295 shares
Post-grant holdings: 289,615 shares
Grant price per share: $0.0000 per share
+2 more
5 metrics
RSU grant size
59,295 shares
Class A Common Stock RSUs granted to COO Adam Blitzer
Post-grant holdings
289,615 shares
Total Class A Common Stock directly owned after the grant
Grant price per share
$0.0000 per share
Compensation award, not an open-market purchase
Initial vesting tranche
12/48 of RSUs
Vests on March 1, 2027
Remaining vesting schedule
12 equal installments
Quarterly on June 1, September 1, December 1 and March 1 thereafter
Key Terms
restricted stock units ("RSUs"), Continuous Service, 2019 Equity Incentive Plan
3 terms
restricted stock units ("RSUs") financial
"Represents the number of shares of Class A Common Stock underlying restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Continuous Service financial
"subject to the Reporting Person remaining in Continuous Service (as defined in the Issuer's 2019 Equity Incentive Plan)"
2019 Equity Incentive Plan financial
"Continuous Service (as defined in the Issuer's 2019 Equity Incentive Plan) of the Issuer as of each such date."
FAQ
What did Datadog (DDOG) COO Adam Blitzer report in this Form 4?
Adam Blitzer reported receiving a grant of 59,295 restricted stock units of Datadog Class A Common Stock. The grant is a compensation award, carries no purchase price, and increases his direct ownership to 289,615 shares after the transaction.
How do Adam Blitzer’s Datadog (DDOG) RSUs vest over time?
The RSUs vest as to 12/48 of the shares on March 1, 2027. The remaining units then vest in 12 equal quarterly installments on June 1, September 1, December 1 and March 1, subject to his continued service with Datadog.
What plan governs Adam Blitzer’s Datadog (DDOG) RSU award?
The restricted stock units are granted under Datadog’s 2019 Equity Incentive Plan. Vesting requires Adam Blitzer to remain in “Continuous Service” as defined in that plan, meaning continued employment or qualifying service with Datadog through each vesting date.