Datadog (DDOG) director Shardul Shah granted 1,072 RSUs as board compensation
Rhea-AI Filing Summary
Shah Shardul reported acquisition or exercise transactions in this Form 4 filing.
Datadog, Inc. director Shardul Shah received a grant of 1,072 Restricted Stock Units (RSUs) of Class A common stock as compensation. The award was made at a price of $0.00 per share and is part of the non-employee director compensation policy.
These RSUs will vest on the earlier of Datadog’s next annual stockholder meeting or June 15, 2027, subject to his continuous service. Following this grant, Shah holds 3,178 Class A shares directly. Separately, 316,953 Class A shares are held indirectly by the 2019 Shah Family Trust, for which he is trustee and where he disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Routine equity grant to Datadog director with standard vesting terms.
The filing shows Datadog director Shardul Shah received 1,072 RSUs of Class A common stock at $0.00 per share under the non-employee director compensation policy. RSUs are stock-based awards that convert into shares upon vesting rather than immediate cash transactions.
The RSUs vest on the earlier of the next annual stockholder meeting or June 15, 2027, contingent on continued board service. This structure aligns director interests with shareholders over time but is a standard governance practice, not a market trade.
The filing also notes 316,953 Class A shares held by the 2019 Shah Family Trust, where Shah is trustee and disclaims Section 16 beneficial ownership except for any pecuniary interest. No derivative positions are reported, and there are no open-market buys or sells in this filing, making its overall impact neutral for investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,072 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Represents the number of shares underlying Restricted Stock Units ("RSUs") granted pursuant to the Issuer's non-employee director compensation policy. Each RSU represents a contingent right to receive one share of Issuer's Class A common stock. The RSUs vest on the earlier of (A) the Company's next annual meeting of stockholders and (B) June 15, 2027, in each case, subject to the Reporting Person's continuous service to the Issuer through the vesting date. The shares are held by the 2019 Shah Family Trust, of which Reporting Person is Trustee. The Reporting Person disclaims Section 16 beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for Section 16 or any other purpose.