Summary by Moomoo AI
Datadog Inc, a leading software company, has announced that the OBSTLER CHILDREN 2019 TRUST, associated with an officer of the company, is set to sell 70,000 shares of common stock. The transaction is expected to occur on 03/11/2024, with an aggregate market value of approximately $8,491,700. The shares were originally acquired on 09/28/2018 through the exercise of options from the issuer, with payment made in cash. This sale follows a recent transaction history where a total of 31,007 shares were sold over the past three months, generating gross proceeds of $3,986,793.24. The notice for the upcoming sale was filed on the same day as the planned sale date, with the instruction for the sale having been adopted on 12/10/2023.