Datadog (NASDAQ: DDOG) counsel sells shares to cover RSU taxes
Rhea-AI Filing Summary
Datadog, Inc.’s General Counsel and Secretary, Kerry Acocella, sold 7,252 shares of Class A common stock in an open-market transaction. The shares were sold on June 2, 2026 at a weighted-average price of about $267.15 per share.
According to the disclosure, 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, as well as related brokerage fees. After the sale, Acocella continues to hold 133,237 shares of Datadog Class A common stock directly.
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Insights
Datadog’s counsel sold shares mainly to cover equity award taxes.
The filing shows Datadog General Counsel Kerry Acocella executed an open-market sale of 7,252 Class A shares at a weighted-average price of about $267.15 on June 2, 2026. The transaction is coded as an open-market sale (code S).
A key detail is that Datadog required the sale strictly to cover tax withholding from vesting restricted stock units and performance-based restricted stock units, plus brokerage fees. This indicates the sale is tied to compensation mechanics rather than a discretionary liquidation of a large ownership stake.
After the sale, Acocella still directly owns 133,237 shares, and no remaining derivative positions are listed. This suggests continuing meaningful equity exposure for the executive. Subsequent company filings may provide further visibility into future vesting events and any related tax-driven share sales.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 7,252 | $267.1544 | $1.94M |
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.