Olivier Pomel - 03 Jun 2024 Form 4 Insider Report for Datadog, Inc. (DDOG)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Ron A. Metzger, Attorney-in-Fact
Issuer symbol
DDOG
Transactions as of
03 Jun 2024
Net transactions value
-$10,746,833
Form type
4
Filing time
05 Jun 2024, 17:16:27 UTC
Previous filing
08 May 2024
Next filing
10 Jul 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 Other $0 +345 +0.1% $0.000000 337,592 13 May 2024 Direct F1
transaction DDOG Class A Common Stock Conversion of derivative security $26,265 +85,637 +25% $0.3067* 423,229 03 Jun 2024 Direct F2
transaction DDOG Class A Common Stock Sale $7,323,207 -67,228 -16% $108.93 356,001 03 Jun 2024 Direct F3, F4
transaction DDOG Class A Common Stock Sale $1,866,224 -17,009 -4.8% $109.72 338,992 03 Jun 2024 Direct F3, F5
transaction DDOG Class A Common Stock Sale $154,951 -1,400 -0.41% $110.68 337,592 03 Jun 2024 Direct F3, F6
transaction DDOG Class A Common Stock Sale $1,428,716 -13,053 -3.9% $109.46 324,539 03 Jun 2024 Direct 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 -150,240 -7.7% $0.000000 1,802,880 03 Jun 2024 Class B Common Stock 150,240 $0.3067 Direct F8
transaction DDOG Class B Common Stock Options Exercise $0 +150,240 +1.7% $0.000000 8,883,527 03 Jun 2024 Class A Common Stock 150,240 Direct F2
transaction DDOG Class B Common Stock Conversion of derivative security $0 -85,637 -0.96% $0.000000 8,798,890 03 Jun 2024 Class A Common Stock 85,637 Direct F2
* 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 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.
F3 Shares sold pursuant to a 10b5-1 plan dated March 15, 2023.
F4 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $108.34 to $109.33. 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.
F5 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $109.34 to $110.33. 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.
F6 Price reported is a weighted-average sales price. The shares were sold at prices ranging from $110.35 to $111.22. 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.
F7 The Reporting Person was required by the Issuer to sell only the number of shares of common stock necessary to cover applicable tax withholding obligations realized upon the vesting of restricted stock units and performance-based restricted stock units, as well as any related brokerage commission fees.
F8 Option is fully vested and exercisable.