Form 4: Datadog CEO Olivier Pomel Converts Class B Shares, Donates 200,000 Class A Shares to Charity

Datadog, Inc. CEO Olivier Pomel reported the conversion of 200,000 Class B Common Stock shares to Class A Common Stock, followed by a charitable donation of the same amount.

Summary

• Olivier Pomel, Chief Executive Officer and Director of Datadog, Inc. (DDOG), filed a Form 4 reporting changes in his beneficial ownership.
• On June 12, 2025, Mr. Pomel converted 200,000 shares of Class B Common Stock into an equal number of Class A Common Stock shares.
• Immediately following the conversion, Mr. Pomel disposed of 200,000 shares of Class A Common Stock through a gift.
• These gifted shares were donated to a donor-advised fund, which is designated to use the shares for charitable purposes.
• Following these transactions, Mr. Pomel's direct beneficial ownership of Class A Common Stock decreased to 548,715 shares.
• His direct beneficial ownership of Class B Common Stock decreased to 8,656,857 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While it reports a disposition of shares, it's for charitable purposes rather than a sale, which is generally viewed favorably or neutrally by the market. It does not indicate any negative operational or financial news.

Positives

• The donation of 200,000 shares to a donor-advised fund for charitable purposes demonstrates corporate social responsibility from the CEO.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's financial performance or strategic direction.

Management Comments

• The shares were donated to a donor-advised fund, which will use the gifted shares for charitable purposes.

Industry Context

This Form 4 filing details an insider transaction by Datadog's CEO, which is a routine disclosure required by the SEC. It does not provide information on broader industry trends or competitive positioning, focusing solely on changes in executive stock ownership.

Stakeholder Impact

• Shareholders: The transaction is a charitable donation, not a market sale, so it does not directly impact the company's liquidity or share price in the same way a large sale might. It reflects the CEO's continued significant ownership.
• Charitable Organizations: The donor-advised fund and its beneficiaries will receive the benefit of the gifted shares.

Key Dates

Keywords

Datadog, DDOG, SEC Form 4, Insider Transaction, Olivier Pomel, CEO, Stock Conversion, Charitable Donation, Class A Common Stock, Class B Common Stock