Datadog (DDOG) CRO Sean Walters Sells 13,575 Shares

What Happened

• Sean M. Walters, Chief Revenue Officer of Datadog (DDOG), sold 13,575 shares on 2026-09-02 in an open-market transaction. The weighted-average sale price was $212.90, generating proceeds of approximately $2,890,170. The sale was executed to cover tax withholding obligations related to the vesting of restricted stock units and performance-based restricted stock units.

Key Details

• Transaction date: 2026-09-02; Form 4 filed: 2026-09-04 (timely filing).
• Shares sold: 13,575 for a weighted-average price of $212.90; price range reported: $210.12–$213.01.
• Total proceeds reported: ~$2,890,170.
• Reason/footnote: Issuer-required sale to cover tax withholding on vested RSUs/PSUs and related brokerage fees (footnote F1).
• Footnote F2: Price is a weighted-average; the filer can provide a breakdown of shares sold at each separate price upon request.
• Shares owned after the transaction: not disclosed in the provided filing.

Context

• This appears to be a routine sell-to-cover to satisfy tax liabilities on vested awards (common for executives) rather than a discretionary sale indicating a change in sentiment. Sales associated with tax withholding are generally considered administrative.