Armelle de Madre - 01 Jun 2023 Form 4 Insider Report for Datadog, Inc. (DDOG)

Role
Chief People Officer
Signature
Armelle De Madre, by /s/ Ron A. Metzger, Attorney-in-Fact
Issuer symbol
DDOG
Transactions as of
01 Jun 2023
Net transactions value
-$2,625,890
Form type
4
Filing time
05 Jun 2023, 16:58:45 UTC
Previous filing
19 May 2023
Next filing
06 Jul 2023
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 $14,919 +1,875 +1.7% $7.96* 111,525 01 Jun 2023 Direct F1
transaction DDOG Class A Common Stock Sale $174,375 -1,875 -1.7% $93.00 109,650 01 Jun 2023 Direct F2
transaction DDOG Class A Common Stock Conversion of derivative security $134,269 +16,875 +15% $7.96* 126,525 02 Jun 2023 Direct F1
transaction DDOG Class A Common Stock Sale $1,989,700 -19,897 -16% $100.00 106,628 02 Jun 2023 Direct F2
transaction DDOG Class A Common Stock Sale $402,733 -4,014 -3.8% $100.33 102,614 02 Jun 2023 Direct F3
transaction DDOG Class A Common Stock Sale $208,270 -2,080 -2% $100.13 100,534 05 Jun 2023 Direct F2

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 StockOption(Right toBuy) Options Exercise $0 -1,875 -4.3% $0.000000 41,250 01 Jun 2023 Class B Common Stock 1,875 $7.96 Direct F4
transaction DDOG Class B Common Stock Options Exercise $0 +1,875 $0.000000 1,875 01 Jun 2023 Class A Common Stock 1,875 Direct F1
transaction DDOG Class B Common Stock Conversion of derivative security $0 -1,875 -100% $0.000000* 0 01 Jun 2023 Class A Common Stock 1,875 Direct F1
transaction DDOG StockOption(Right toBuy) Options Exercise $0 -16,875 -41% $0.000000 24,375 02 Jun 2023 Class B Common Stock 16,875 $7.96 Direct F4
transaction DDOG Class B Common Stock Options Exercise $0 +16,875 $0.000000 16,875 02 Jun 2023 Class A Common Stock 16,875 Direct F1
transaction DDOG Class B Common Stock Conversion of derivative security $0 -16,875 -100% $0.000000* 0 02 Jun 2023 Class A Common Stock 16,875 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 Shares sold pursuant to a 10b5-1 plan adopted on June 9, 2022.
F3 The Reporting Person was required by the Issuer to sell only the number of shares of common stock necessary to cover applicable tax withholding obligations realized upon the vesting of restricted stock units, as well as any related brokerage commission fees.
F4 Option vested as to 25% on June 20, 2020 and in equal monthly installments thereafter over three years.