Datadog (DDOG) Chief People Officer sells 4,711 shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog, Inc. Chief People Officer David Galloreese sold 4,711 shares of Class A common stock on June 2, 2026 at a weighted-average price of $267.1544 per share. According to the filing, the issuer required this sale solely to cover tax withholding obligations arising from the vesting of restricted stock units and performance-based restricted stock units, including related brokerage commission fees. After the transaction, Galloreese directly holds 126,204 shares, indicating he retained the large majority of his position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,711 shares ($1,258,564)
Net Sell
1 txn
Insider
Galloreese David
Role
Chief People Officer
Sold
4,711 shs ($1.26M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 4,711 | $267.1544 | $1.26M |
Holdings After Transaction:
Class A Common Stock — 126,204 shares (Direct, null)
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 $267.15 to $268.36. 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. Includes 29 shares acquired on May 15, 2026 under the Issuers Employee Stock Purchase Plan.
Key Figures
Shares sold: 4,711 shares
Weighted-average sale price: $267.1544 per share
Post-transaction holdings: 126,204 shares
+2 more
5 metrics
Shares sold
4,711 shares
Class A Common Stock sold on June 2, 2026
Weighted-average sale price
$267.1544 per share
Open-market sale to cover tax withholding
Post-transaction holdings
126,204 shares
Direct ownership after June 2, 2026 sale
Sale price range
$267.15–$268.36 per share
Price range for executed trades in the transaction
ESPP acquisition
29 shares
Acquired on May 15, 2026 under Employee Stock Purchase Plan
Key Terms
restricted stock units, performance-based restricted stock units, weighted-average sales price, Employee Stock Purchase Plan, +1 more
5 terms
restricted stock units financial
"tax withholding obligations realized upon the vesting of restricted stock units and performance-based restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based restricted stock units financial
"upon the vesting of restricted stock units and performance-based restricted stock units, as well as any related brokerage commission fees"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
weighted-average sales price financial
"Price reported is a weighted-average sales price. The shares were sold at prices ranging"
Employee Stock Purchase Plan financial
"Includes 29 shares acquired on May 15, 2026 under the Issuers Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
open-market sale financial
"transaction_action": "open-market sale", "transaction_code_description": "Sale in open market or private transaction""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What did Datadog (DDOG) Chief People Officer David Galloreese report in this Form 4?
David Galloreese reported selling 4,711 shares of Datadog Class A common stock. The transaction occurred on June 2, 2026 and was conducted at a weighted-average price of $267.1544 per share, as disclosed in the Form 4 filing.