Datadog (DDOG) CFO sells 16,323 shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog, Inc.’s Chief Financial Officer David M. Obstler reported an open-market sale of 16,323 shares of Class A common stock. The company required this sale solely to cover tax withholding obligations and related brokerage fees triggered by vesting of restricted and performance-based stock units. The shares were sold at a weighted-average price of about $267.15 per share, within a range from $267.15 to $268.44, and Obstler continues to hold 509,591 shares directly after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 16,323 shares ($4,360,761)
Net Sell
1 txn
Insider
OBSTLER DAVID M
Role
Chief Financial Officer
Sold
16,323 shs ($4.36M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 16,323 | $267.1544 | $4.36M |
Holdings After Transaction:
Class A Common Stock — 509,591 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 $268.44. 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.
Key Figures
Shares sold: 16,323 shares
Weighted-average sale price: $267.1544 per share
Post-transaction holdings: 509,591 shares
+1 more
4 metrics
Shares sold
16,323 shares
Open-market sale on 2026-06-02
Weighted-average sale price
$267.1544 per share
Class A common stock sale
Post-transaction holdings
509,591 shares
Shares directly held after sale
Sale price range
$267.15–$268.44 per share
Range of prices for sold shares
Key Terms
restricted stock units, performance-based restricted stock units, weighted-average sales price
3 terms
restricted stock units financial
"cover applicable tax withholding obligations realized upon the vesting of 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"
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"
FAQ
What insider transaction did Datadog (DDOG) report for its CFO?
Datadog reported that CFO David M. Obstler sold 16,323 shares of Class A common stock. The sale was required to cover tax withholding obligations from vesting restricted and performance-based stock units, rather than a discretionary reduction in his stake.
Was the Datadog CFO sale on the open market or another type of transaction?
The filing classifies the transaction as an open-market sale of Class A common stock. Although coded as a sale, the footnotes specify it was conducted only to satisfy tax withholding obligations related to vesting equity awards, not as a discretionary portfolio move.