Datadog CFO sells shares to cover tax withholding
Datadog, Inc.’s Chief Financial Officer David M. Obstler reported an open-market sale of 16,323 shares of Class A common stock.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 16,323 | $267.1544 | $4.36M |
Footnotes (2)
- F1. 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.
- F2. 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
Key Terms
restricted stock units financial
performance-based restricted stock units financial
weighted-average sales price financial
FAQ
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What insider transaction did Datadog (DDOG) report for its CFO?
Was the Datadog CFO sale on the open market or another type of transaction?
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