Datadog (DDOG) Chief People Officer granted 25,354 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Galloreese David reported acquisition or exercise transactions in this Form 4 filing.
Datadog, Inc. reported that Chief People Officer David Galloreese received an equity grant of 25,354 shares of Class A common stock in the form of restricted stock units (RSUs) at no cash cost. Each RSU represents the right to receive one share as it vests.
The RSUs vest as to 12/48 of the shares on March 1, 2027, with the remaining shares vesting 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. Following this award, he directly holds 130,886 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Galloreese David
Role
Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 25,354 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 130,886 shares (Direct)
Footnotes (1)
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Key Figures
RSU grant size: 25,354 shares
Shares held after grant: 130,886 shares
RSU vesting start: March 1, 2027
+1 more
4 metrics
RSU grant size
25,354 shares
Restricted stock units of Class A common stock granted to David Galloreese
Shares held after grant
130,886 shares
Direct Class A common stock holdings following the RSU award
RSU vesting start
March 1, 2027
12/48 of RSU shares vest on this date
Vesting cadence
Quarterly installments
Remaining RSUs vest in 12 equal parts on June 1, September 1, December 1 and March 1
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 insider transaction did Datadog (DDOG) report for David Galloreese?
Datadog reported that Chief People Officer David Galloreese received a grant of 25,354 restricted stock units (RSUs) of Class A common stock. These RSUs were awarded at no cash cost and increase his direct holdings to 130,886 shares after the award.
Is the Datadog (DDOG) Form 4 transaction a market purchase or sale?
The Form 4 shows a grant of 25,354 restricted stock units to David Galloreese, not an open-market purchase or sale. This is a compensation-related award coded as a grant/award acquisition rather than a discretionary trade in Datadog’s Class A common stock.
How do the new RSUs for Datadog’s David Galloreese vest over time?
The RSUs vest as to 12/48 of the underlying shares on March 1, 2027. The remaining shares vest in 12 equal installments on each June 1, September 1, December 1 and March 1 thereafter, subject to his continued service with Datadog.
What does each RSU granted to David Galloreese by Datadog (DDOG) represent?
Each restricted stock unit represents the contingent right to receive one share of Datadog’s Class A common stock upon vesting. Shares are only delivered as the vesting schedule is satisfied and David Galloreese continues in Continuous Service under the 2019 Equity Incentive Plan.
What conditions apply to the Datadog RSUs awarded to David Galloreese?
The RSUs are subject to a time-based vesting schedule and Continuous Service under Datadog’s 2019 Equity Incentive Plan. Vesting occurs first on March 1, 2027, then in 12 equal quarterly installments, requiring Mr. Galloreese to remain employed through each vesting date.