Datadog (DDOG) CRO offloads shares in tax-driven insider sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog, Inc. Chief Revenue Officer Sean Michael Walters reported an open-market sale of Class A common stock that was required to cover taxes on equity vesting. On March 2, 2026, he sold 32,118 shares at a weighted-average price of $110.5359 per share, with sale prices ranging from $111.53 to $111.78. After this sale, he directly held 260,714 shares of Datadog Class A common stock.
The company required the sale solely to satisfy withholding obligations from vesting restricted stock units and performance-based restricted stock units, as well as related brokerage commissions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 32,118 shares ($3,550,192)
Net Sell
1 txn
Insider
Walters Sean Michael
Role
Chief Revenue Officer
Sold
32,118 shs ($3.55M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 32,118 | $110.5359 | $3.55M |
Holdings After Transaction:
Class A Common Stock — 260,714 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 $111.53 to $111.78. 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 Sean Michael Walters?
Datadog reported that Chief Revenue Officer Sean Michael Walters sold 32,118 shares of Class A common stock. The sale occurred on March 2, 2026 and was explicitly required to cover tax withholding obligations from vesting restricted stock units and performance-based restricted stock units.
Was the Datadog (DDOG) insider sale by Sean Michael Walters discretionary?
The sale was not described as discretionary; the company required Walters to sell only the number of shares needed to cover tax withholding obligations and related brokerage commissions. This indicates the transaction was primarily a tax-related sale tied to vesting restricted stock and performance-based awards.