Alexis Le-Quoc - 03 Oct 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
Issuer symbol
DDOG
Transactions as of
03 Oct 2023
Net transactions value
-$6,257,791
Form type
4
Filing time
05 Oct 2023, 17:03:11 UTC
Previous filing
15 Sep 2023
Next filing
06 Dec 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 $21,887 +71,364 +27% $0.3067* 332,475 03 Oct 2023 Direct F1
transaction DDOG Class A Common Stock Sale $2,689,625 -30,960 -9.3% $86.87 301,515 03 Oct 2023 Direct F2, F3
transaction DDOG Class A Common Stock Sale $891,821 -10,137 -3.4% $87.98 291,378 03 Oct 2023 Direct F2, F4
transaction DDOG Class A Common Stock Sale $2,077,444 -23,385 -8% $88.84 267,993 03 Oct 2023 Direct F2, F5
transaction DDOG Class A Common Stock Sale $373,471 -4,154 -1.6% $89.91 263,839 03 Oct 2023 Direct F2, F6
transaction DDOG Class A Common Stock Sale $247,317 -2,728 -1% $90.66 261,111 03 Oct 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 -125,200 -4% $0.000000 3,004,800 03 Oct 2023 Class B Common Stock 125,200 $0.3067 Direct F8
transaction DDOG Class B Common Stock Options Exercise $0 +125,200 +21% $0.000000 717,396 03 Oct 2023 Class A Common Stock 125,200 Direct F1
transaction DDOG Class B Common Stock Conversion of derivative security $0 -71,364 -9.9% $0.000000 646,032 03 Oct 2023 Class A Common Stock 71,364 Direct F1
holding DDOG Class B Common Stock 7,646,635 03 Oct 2023 Class A Common Stock 7,646,635 By Trust 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 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.
F2 Shares sold pursuant to a 10b5-1 trading plan adopted on September 15, 2022.
F3 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $86.44 to $87.43. 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 $87.44 to $88.43. 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 $88.44 to $89.42. 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 $89.46 to $90.43. 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 $90.47 to $91.22. 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 by the Alexis Le-Quoc Revocable Trust.