Datadog (DDOG) CPO Li Yanbing sells 11,070 shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog, Inc. Chief Product Officer Li Yanbing executed an open-market sale of 11,070 shares of Class A Common Stock on June 2, 2026 at a weighted-average price of $267.1544 per share. According to the disclosure, the issuer required this sale solely to cover tax withholding obligations and related brokerage fees arising from the vesting of restricted stock units and performance-based restricted stock units, making it a tax-driven, not discretionary, transaction. Following the sale, Li beneficially owns 274,352 shares, which include 139 shares acquired under the company’s Employee Stock Purchase Plan on May 15, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,070 shares ($2,957,399)
Net Sell
1 txn
Insider
Li Yanbing
Role
Chief Product Officer
Sold
11,070 shs ($2.96M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 11,070 | $267.1544 | $2.96M |
Holdings After Transaction:
Class A Common Stock — 274,352 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. Includes 139 shares acquired on May 15, 2026 under the Issuers Employee Stock Purchase Plan.
Key Figures
Shares sold: 11,070 shares
Weighted-average sale price: $267.1544 per share
Post-transaction holdings: 274,352 shares
+2 more
5 metrics
Shares sold
11,070 shares
Open-market sale on June 2, 2026
Weighted-average sale price
$267.1544 per share
Class A Common Stock sale
Post-transaction holdings
274,352 shares
Shares beneficially owned after sale
Price range
$267.15–$268.44
Range of individual trade prices within the sale
ESPP shares
139 shares
Acquired May 15, 2026 under Employee Stock Purchase Plan
Key Terms
restricted stock units, performance-based restricted stock units, weighted-average sales price, Employee Stock Purchase Plan
4 terms
restricted stock units financial
"cover applicable tax withholding obligations realized upon the vesting of restricted stock units and performance-based 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, as well as any related brokerage commission fees"
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 ranging"
Employee Stock Purchase Plan financial
"Includes 139 shares acquired on May 15, 2026 under the Issuers Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
What did Datadog (DDOG) Chief Product Officer Li Yanbing report in this Form 4?
Li Yanbing reported selling 11,070 Datadog Class A shares in an open-market transaction. The sale was required by the company to cover tax withholding and brokerage fees triggered by vesting of stock-based awards.