DAVID M. OBSTLER - 11 Mar 2024 Form 4 Insider Report for Datadog, Inc. (DDOG)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Ron A. Metzger, Attorney-in-Fact
Issuer symbol
DDOG
Transactions as of
11 Mar 2024
Net transactions value
-$19,586,423
Form type
4
Filing time
13 Mar 2024, 18:37:56 UTC
Previous filing
06 Mar 2024
Next filing
25 Mar 2024
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 $108,500 +70,000 +25% $1.55* 345,191 11 Mar 2024 Direct F1
transaction DDOG Class A Common Stock Sale $889,580 -7,468 -2.2% $119.12 337,723 11 Mar 2024 Direct F2, F3
transaction DDOG Class A Common Stock Sale $3,830,805 -31,834 -9.4% $120.34 305,889 11 Mar 2024 Direct F2, F4
transaction DDOG Class A Common Stock Sale $2,170,445 -17,896 -5.9% $121.28 287,993 11 Mar 2024 Direct F2, F5
transaction DDOG Class A Common Stock Sale $1,560,216 -12,802 -4.4% $121.87 275,191 11 Mar 2024 Direct F2, F6
transaction DDOG Class A Common Stock Conversion of derivative security $0 +70,000 $0.000000 70,000 11 Mar 2024 By Trust F1, F7
transaction DDOG Class A Common Stock Sale $850,441 -7,143 -10% $119.06 62,857 11 Mar 2024 By Trust F2, F7, F8
transaction DDOG Class A Common Stock Sale $3,515,348 -29,222 -46% $120.30 33,635 11 Mar 2024 By Trust F2, F7, F9
transaction DDOG Class A Common Stock Sale $2,176,552 -17,970 -53% $121.12 15,665 11 Mar 2024 By Trust F2, F7, F10
transaction DDOG Class A Common Stock Sale $1,908,281 -15,665 -100% $121.82 0 11 Mar 2024 By Trust F2, F7, F11
transaction DDOG Class A Common Stock Conversion of derivative security $17,465 +11,268 +4.1% $1.55* 286,459 13 Mar 2024 Direct F1
transaction DDOG Class A Common Stock Sale $1,411,685 -11,268 -3.9% $125.28 275,191 13 Mar 2024 Direct F2, F12
transaction DDOG Class A Common Stock Conversion of derivative security $0 +11,167 $0.000000 11,167 13 Mar 2024 By Trust F1, F7
transaction DDOG Class A Common Stock Sale $1,399,036 -11,167 -100% $125.28 0 13 Mar 2024 By Trust F2, F7, F13

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 -70,000 -23% $0.000000 237,500 11 Mar 2024 Class B Common Stock 70,000 $1.55 Direct F14
transaction DDOG Class B Common Stock Options Exercise $0 +70,000 +449% $0.000000 85,603 11 Mar 2024 Class A Common Stock 70,000 Direct F1
transaction DDOG Class B Common Stock Conversion of derivative security $0 -70,000 -82% $0.000000 15,603 11 Mar 2024 Class A Common Stock 70,000 Direct F1
transaction DDOG Class B Common Stock Conversion of derivative security $0 -70,000 -36% $0.000000 122,397 11 Mar 2024 Class A Common Stock 70,000 By Trust F1, F7
transaction DDOG Stock Option (Right to Buy) Options Exercise $0 -11,268 -4.7% $0.000000 226,232 13 Mar 2024 Class B Common Stock 11,628 $1.55 Direct F14
transaction DDOG Class B Common Stock Options Exercise $0 +11,268 +72% $0.000000 26,871 13 Mar 2024 Class A Common Stock 11,268 Direct F1
transaction DDOG Class B Common Stock Conversion of derivative security $0 -11,268 -42% $0.000000 15,603 13 Mar 2024 Class A Common Stock 11,268 Direct F1
transaction DDOG Class B Common Stock Conversion of derivative security $0 -11,167 -9.1% $0.000000 111,230 13 Mar 2024 Class A Common Stock 11,167 By Trust F1, F7
* 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 December 10, 2023.
F3 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $118.61 to $119.60. 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 $119.61 to $120.60. 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 $120.61 to $121.60. 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 $121.61 to $122.33. 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 Shares are held directly by the Obstler Children 2019 Trust, of which the Reporting Person's spouse is Trustee.
F8 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $118.54 to $119.53. 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.
F9 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $119.54 to $120.53. 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.
F10 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $120.54 to $121.53. 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.
F11 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $121.54 to $122.30. 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.
F12 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $125.25 to $125.38. 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.
F13 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $125.25 to $125.40. 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.
F14 Option is fully vested and exercisable.