Datadog (DDOG) legal chief sells 17,653 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog, Inc. reported that its General Counsel and Secretary, Kerry Acocella, completed an open-market sale of 17,653 shares of Class A common stock. The weighted-average sale price was about $110.54 per share, with individual trades ranging from $110.53 to $111.67.
According to the disclosure, Datadog required this sale solely to cover tax withholding obligations tied to the vesting of restricted stock units and performance-based restricted stock units, including related brokerage fees. After these transactions, Acocella directly holds 125,721 shares of Datadog Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 17,653 shares ($1,951,287)
Net Sell
1 txn
Insider
Acocella Kerry
Role
General Counsel and Secretary
Sold
17,653 shs ($1.95M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 17,653 | $110.5357 | $1.95M |
Holdings After Transaction:
Class A Common Stock — 125,721 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 $111.67. 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 Kerry Acocella?
Datadog reported that General Counsel and Secretary Kerry Acocella sold 17,653 shares of Class A common stock. The transaction was an open-market sale executed to cover tax withholding obligations from vesting restricted stock units and performance-based restricted stock units, plus related brokerage commissions.
What role does Kerry Acocella hold at Datadog (DDOG)?
Kerry Acocella serves as Datadog’s General Counsel and Secretary. This means she is the company’s top legal officer and corporate secretary, overseeing legal matters and corporate governance, and her equity transactions are reported as insider activity under Section 16 rules.