Blitzer Adam 4

What Happened Adam Blitzer, Chief Operating Officer of Datadog (DDOG), reported open‑market sales of a total 25,844 shares on June 2–3, 2026 for aggregate proceeds of approximately $6.69 million. The largest block was 13,642 shares on June 2 at about $267.15/share (~$3.64M). Other sales on June 3 were done in multiple tranches at weighted‑average prices between roughly $246 and $261 per share for the remaining ~12,200 shares.

These transactions are sales (S) — commonly routine dispositions rather than purchases, and the filing includes notes that some sales were to cover tax withholding on vested awards and some were executed under a pre‑arranged 10b5‑1 plan.

Key Details

• Transaction dates: June 2–3, 2026; Form 4 filed June 4, 2026 (appears timely under the two‑business‑day rule).
• Shares sold: 25,844 total. Proceeds: ≈ $6,686,333 (~$6.69M).
• Price information: Reported as weighted‑average prices; filing provides price ranges (roughly $246.04 to $268.44 across tranches).
• Notable footnotes: some shares sold pursuant to a 10b5‑1 trading plan (dated Aug 22, 2025); other sales were required by the issuer to cover tax withholding on vested restricted stock units/performance RSUs. Several lines note weighted‑average sale‑price ranges and that additional detail is available on request.
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Filing timeliness: Filed June 4 for trades on June 2–3 — no late‑filing indication in the excerpt.

Context

• Sales to cover tax withholding or executed under a 10b5‑1 plan are common for executives when equity awards vest; they do not on their own indicate the insider’s view of the company.
• For retail investors, purchases by insiders are generally more informative as a positive signal; routine sales (tax withholding, planned 10b5‑1 sales) are standard liquidity or administrative actions.