Kerry Acocella - Oct 11, 2022 Form 4 Insider Report for Datadog, Inc. (DDOG)

Role
General Counsel/Corp Secy
Signature
Kerry Acocella, by /s/ Ron A. Metzger, Attorney-in-Fact
Stock symbol
DDOG
Transactions as of
Oct 11, 2022
Transactions value $
$0
Form type
4
Date filed
10/13/2022, 05:00 PM
Previous filing
Sep 7, 2022
Next filing
Dec 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DDOG Class A Common Stock Conversion of derivative security $0 +3.5K +8.43% $0.00 45K Oct 11, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DDOG Stock Option (Right to Buy) Options Exercise $0 -3.5K -57.15% $0.00 2.63K Oct 11, 2022 Class B Common Stock 3.5K $4.20 Direct F2
transaction DDOG Class B Common Stock Options Exercise $0 +3.5K $0.00 3.5K Oct 11, 2022 Class A Common Stock 3.5K Direct F1
transaction DDOG Class B Common Stock Conversion of derivative security $0 -3.5K -100% $0.00* 0 Oct 11, 2022 Class A Common Stock 3.5K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon the earliest of: (i) any transfer, whether or not for value, except for certain "Permitted Transfers" as defined in the Issuer's amended and restated certificate of incorporation, (ii) the death of the Reporting Person in the case of shares held directly or in a trustee capacity, and (iii) the tenth anniversary of the Issuer's initial public offering of its Class A Common Stock.
F2 25% of the shares underlying the option vested on January 7, 2020, with the remainder vesting in equal monthly installments thereafter over three years.

Remarks:

Reporting Person's Form 4 filed on June 10, 2022 inadvertently reflected an option exercise of 2,895 shares which did not actually occur.