Form 4: Datadog CTO Alexis Le-Quoc Executes Stock Option Exercises and Sales Under 10b5-1 Plan
SEC Form 4 Filing
Datadog's Chief Technology Officer, Alexis Le-Quoc, engaged in a series of stock option exercises and sales of Class A Common Stock on February 3, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On February 3, 2025, Alexis Le-Quoc, the Chief Technology Officer of Datadog, Inc., executed multiple transactions involving Datadog's stock.
- Le-Quoc exercised stock options to acquire Class A Common Stock at prices of $0.3067, $0.9092, and $10.74 per share.
- Concurrently, Le-Quoc sold shares of Class A Common Stock at weighted-average prices ranging from $141.2443 to $143.8427 per share.
- These sales were conducted under a 10b5-1 trading plan adopted on September 5, 2023.
- Following these transactions, Le-Quoc directly owns 324,778 shares of Class A Common Stock and indirectly owns 99 shares through a trust.
- Le-Quoc also indirectly owns 6,663,835 shares of Class A Common Stock through the Alexis Le-Quoc Revocable Trust.
- He also holds derivative securities, including options to purchase shares of Class B Common Stock.
- Each share of Class B Common Stock is convertible into one share of Class A Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently indicate positive or negative performance for the company.
Future Outlook
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.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These transactions are subject to regulatory scrutiny to prevent insider trading and ensure fair market practices.
Comparison to Industry Standards
- Executive compensation packages often include stock options as incentives.
- The use of 10b5-1 trading plans is a common practice among corporate executives to sell shares in a pre-planned manner, avoiding accusations of trading on inside information.
- Companies like Microsoft, Apple, and Google also have executives who utilize 10b5-1 plans for stock transactions.
Stakeholder Impact
- Shareholders may be interested in insider transactions as they can provide insights into management's perspective on the company's value.
- The transactions themselves have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2023-09-05 | Date of adoption of the 10b5-1 trading plan. |
| 2025-02-03 | Date of the stock option exercises and sales. |
| 2025-02-05 | Date of signature on the Form 4 filing. |
| 2025-10-25 | Expiration date of some stock options. |
| 2025-10-27 | Expiration date of some stock options. |
| 2029-07-19 | Expiration date of some stock options. |
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