Kerry Acocella - 11 Oct 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
Issuer symbol
DDOG
Transactions as of
11 Oct 2022
Net transactions value
$0
Form type
4
Filing time
13 Oct 2022, 17:00:09 UTC
Previous filing
07 Sep 2022
Next filing
06 Dec 2022
SEC
View on sec.gov

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 +3,501 +8.4% $0.000000 45,019 11 Oct 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 -3,501 -57% $0.000000 2,625 11 Oct 2022 Class B Common Stock 3,501 $4.20 Direct F2
transaction DDOG Class B Common Stock Options Exercise $0 +3,501 $0.000000 3,501 11 Oct 2022 Class A Common Stock 3,501 Direct F1
transaction DDOG Class B Common Stock Conversion of derivative security $0 -3,501 -100% $0.000000* 0 11 Oct 2022 Class A Common Stock 3,501 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.