DDOG Form 4: CFO Obstler Sells 12,619 Shares to Cover Taxes
Rhea-AI Filing Summary
Datadog, Inc. (DDOG) reporting person David M. Obstler, CFO, disclosed a non-derivative sale of Class A common stock on 09/02/2025. The filing shows 12,619 shares were sold under code S(1) at a weighted-average price of $133.8474, with reported sale prices ranging from $132.94 to $133.85. After the sale, the reporting person beneficially owned 386,651 shares.
The sale was executed to cover tax withholding obligations arising from vested restricted stock units and performance-based restricted stock units, plus related brokerage fees. The filer offers to provide detailed per-price lots upon request.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine tax-withholding sale by CFO; modest share disposal relative to total holdings, neutral for valuation.
The transaction represents a targeted sale to satisfy tax withholding on vested equity rather than an open-market reduction of a strategic stake. 12,619 shares were sold at a weighted-average of $133.8474, leaving 386,651 shares beneficially owned. For investors, such disclosures signal routine insider administrative activity without direct operational implications. No options or derivatives were reported as exercised or acquired in this filing.
TL;DR: Disclosure aligns with standard governance practice for tax-related share sales; transparency is appropriate.
The filing clearly states the sale was required to cover tax withholding on vested RSUs and PBRSUs and provides price range and weighted-average pricing. The reporter also commits to furnish per-price lot details on request, which supports transparency. The form is signed by an attorney-in-fact, following execution formalities.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 12,619 | $133.8474 | $1.69M |
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 $132.94 to $133.85. 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.