Form 4: Datadog CTO Alexis Le-Quoc Converts and Donates 337,000 Shares in Pre-Planned Transaction

Datadog, Inc.'s Chief Technology Officer, Alexis Le-Quoc, reported a pre-planned conversion of Class B to Class A common stock and a subsequent charitable donation of 337,000 Class A shares.

Summary

• Alexis Le-Quoc, Datadog, Inc.'s Chief Technology Officer and a Director, filed a Form 4 detailing changes in his beneficial ownership.
• On June 6, 2025, 337,000 shares of Class B Common Stock held indirectly by the Alexis Le-Quoc Revocable Trust were converted into 337,000 shares of Class A Common Stock.
• Immediately following the conversion, the Alexis Le-Quoc Revocable Trust donated 337,000 shares of Class A Common Stock to a donor-advised fund for charitable purposes.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-planned contract, instruction, or written plan.
• Following these transactions, the Alexis Le-Quoc Revocable Trust indirectly holds 169 shares of Class A Common Stock and 6,326,835 shares of Class B Common Stock.
• Alexis Le-Quoc directly holds 452,769 shares of Class A Common Stock and 2,563,732 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, pre-planned insider transaction involving a charitable donation, which does not directly reflect on the company's operational or financial performance.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned and structured approach to stock transactions, which can reduce concerns about opportunistic insider trading.
• The disposition of shares was a charitable donation, which is a positive social contribution.

Negatives

• The transaction resulted in a reduction of 337,000 Class A shares held indirectly by the Alexis Le-Quoc Revocable Trust, representing a decrease in insider ownership, albeit for charitable purposes.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, though the shares were donated rather than sold on the open market, limiting direct market impact from the disposition.
• Charitable Organizations: The recipient donor-advised fund will benefit from the significant charitable contribution.

Key Dates

Keywords

Datadog, DDOG, Alexis Le-Quoc, CTO, Insider Transaction, Form 4, Stock Conversion, Charitable Donation, Rule 10b5-1, Class A Common Stock, Class B Common Stock