Alexis Le-Quoc - Aug 11, 2023 Form 4 Insider Report for Datadog, Inc. (DDOG)

Role
Chief Technology Officer, Director
Signature
Alexis Le-Quoc, by /s/ Ron A. Metzger, Attorney-in-Fact
Stock symbol
DDOG
Transactions as of
Aug 11, 2023
Transactions value $
-$6,348,832
Form type
4
Date filed
8/15/2023, 04:47 PM
Previous filing
Jul 11, 2023
Next filing
Sep 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DDOG Class A Common Stock Other $0 +25 $0.00 25 Aug 11, 2023 By Trust F1, F2
transaction DDOG Class A Common Stock Gift $0 -25 -100% $0.00* 0 Aug 11, 2023 By Trust F2
transaction DDOG Class A Common Stock Conversion of derivative security $21.9K +71.4K +25.96% $0.31* 346K Aug 14, 2023 Direct F3
transaction DDOG Class A Common Stock Sale -$1.2M -13.6K -3.93% $88.41 333K Aug 14, 2023 Direct F4, F5
transaction DDOG Class A Common Stock Sale -$3.92M -43.8K -13.18% $89.36 289K Aug 14, 2023 Direct F4, F6
transaction DDOG Class A Common Stock Sale -$1.25M -13.9K -4.82% $89.85 275K Aug 14, 2023 Direct F4, 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 -125K -3.7% $0.00 3.26M Aug 14, 2023 Class B Common Stock 125K $0.31 Direct F8
transaction DDOG Class B Common Stock Options Exercise $0 +125K +25.84% $0.00 610K Aug 14, 2023 Class A Common Stock 125K Direct F3
transaction DDOG Class B Common Stock Conversion of derivative security $0 -71.4K -11.7% $0.00 538K Aug 14, 2023 Class A Common Stock 71.4K Direct F3
holding DDOG Class B Common Stock 7.67M Aug 11, 2023 Class A Common Stock 7.67M By Trust F2, F3, 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 Acquired in pro rata distribution from a fund in which the Reporting Person is a limited partner.
F2 Shares are held by the Alexis Le-Quoc Revocable Trust.
F3 Each share of Class B Common Stock is convertible into an equal number of shares of Class A Common Stock at any time, at the holder's election, 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 nine-month anniversary of 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.
F4 Shares sold pursuant to a 10b5-1 trading plan adopted on September 15, 2022.
F5 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $87.75 to $88.74. 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 $88.75 to $89.74. 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 $89.75 to $90.29. 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 is fully vested and exercisable.
F9 In Reporting Person's prior two filings this figure was inadvertently reported as 7,266,666 shares and should have been reflected as 7,666,266 shares.