David M. Obstler - 28 Sep 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 Sep 2023
Net transactions value
-$869,171
Form type
4
Filing time
02 Oct 2023, 16:29:21 UTC
Previous filing
15 Sep 2023
Next filing
13 Oct 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 $15,500 +10,000 +3.8% $1.55* 270,617 28 Sep 2023 Direct F1
transaction DDOG Class A Common Stock Sale $94,845 -1,102 -0.41% $86.07 269,515 28 Sep 2023 Direct F2, F3
transaction DDOG Class A Common Stock Sale $107,336 -1,235 -0.46% $86.91 268,280 28 Sep 2023 Direct F2, F4
transaction DDOG Class A Common Stock Sale $26,353 -300 -0.11% $87.84 267,980 28 Sep 2023 Direct F2, F5
transaction DDOG Class A Common Stock Sale $629,205 -7,063 -2.6% $89.08 260,917 28 Sep 2023 Direct F2, F6
transaction DDOG Class A Common Stock Sale $26,932 -300 -0.11% $89.77 260,617 28 Sep 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 -10,000 -2.7% $0.000000 357,500 28 Sep 2023 Class B Common Stock 10,000 $1.55 Direct F8
transaction DDOG Class B Common Stock Options Exercise $0 +10,000 +64% $0.000000 25,603 28 Sep 2023 Class A Common Stock 10,000 Direct F1
transaction DDOG Class B Common Stock Conversion of derivative security $0 -10,000 -39% $0.000000 15,603 28 Sep 2023 Class A Common Stock 10,000 Direct F1
holding DDOG Class B Common Stock 192,397 28 Sep 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 $85.65 to $86.64. 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 $86.65 to $87.44. 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 $87.67 to $88.11. 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 $88.67 to $89.55. 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 $89.68 to $89.88. 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 Shares are held directly by the David Obstler 2019 GRAT, of which Reporting Person is Trustee.