David M. Obstler - 28 Jun 2023 Form 4 Insider Report for Datadog, Inc. (DDOG)

Role
Chief Financial Officer
Signature
David Obstler, by /s/ Ron A. Metzger, Attorney-in-Fact
Issuer symbol
DDOG
Transactions as of
28 Jun 2023
Net transactions value
-$2,480,771
Form type
4
Filing time
30 Jun 2023, 18:08:18 UTC
Previous filing
14 Jun 2023
Next filing
03 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 $39,262 +25,330 +9.2% $1.55* 300,548 28 Jun 2023 Direct F1
transaction DDOG Class A Common Stock Sale $28,845 -300 -0.1% $96.15 300,248 28 Jun 2023 Direct F2, F3
transaction DDOG Class A Common Stock Sale $156,336 -1,594 -0.53% $98.08 298,654 28 Jun 2023 Direct F2, F4
transaction DDOG Class A Common Stock Sale $641,279 -6,500 -2.2% $98.66 292,154 28 Jun 2023 Direct F2, F5
transaction DDOG Class A Common Stock Sale $1,673,476 -16,736 -5.7% $99.99 275,418 28 Jun 2023 Direct F2, F6
transaction DDOG Class A Common Stock Sale $20,096 -200 -0.07% $100.48 275,218 28 Jun 2023 Direct F2, F7

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 -25,330 -5.2% $0.000000 457,500 28 Jun 2023 Class B Common Stock 25,330 $1.55 Direct F8
transaction DDOG Class B Common Stock Options Exercise $0 +25,330 +162% $0.000000 40,993 28 Jun 2023 Class A Common Stock 25,330 Direct F1
transaction DDOG Class B Common Stock Conversion of derivative security $0 -25,330 -62% $0.000000 15,603 28 Jun 2023 Class A Common Stock 25,330 Direct F1
holding DDOG Class B Common Stock 192,397 28 Jun 2023 Class A Common Stock 192,397 By GRAT F1, F9
* 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 entered into on March 13, 2023.
F3 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $95.82 to $96.81. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F4 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $97.20 to $98.19. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F5 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $98.21 to $99.15. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F6 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $99.23 to $100.15. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F7 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $100.44 to $100.52. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F8 Option vests as to 25% on September 6, 2019 and in equal monthly installments thereafter over three years.
F9 Shares are held directly by the David Obstler 2019 GRAT, of which Reporting Person is Trustee.