Form 4: Datadog CTO Sells Shares Under 10b5-1 Plan

Datadog's Chief Technology Officer, Alexis Le-Quoc, reported the sale of 53,912 Class A Common Stock shares and the exercise of stock options, all executed under a pre-arranged 10b5-1 trading plan.

Summary

• Alexis Le-Quoc, Datadog's Chief Technology Officer and Director, reported transactions on November 11, 2025.
• Le-Quoc converted 10,688 shares of Class B Common Stock into Class A Common Stock.
• He exercised stock options to acquire 18,750 shares of Class B Common Stock at an exercise price of $10.74 per share; these options were fully vested and exercisable.
• A total of 53,912 shares of Class A Common Stock were sold across multiple transactions at weighted-average prices ranging from $196.7772 to $201.4263.
• These sales were executed pursuant to a Rule 10b5-1 trading plan established on September 5, 2023.
• Following these transactions, Le-Quoc directly beneficially owns 395,661 shares of Class A Common Stock and 2,696,922 shares of Class B Common Stock.
• An additional 169 shares of Class A Common Stock and 6,326,835 shares of Class B Common Stock are indirectly held by the Alexis Le-Quoc Revocable Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be viewed negatively, the execution under a pre-arranged 10b5-1 plan mitigates concerns that the sales are based on new, adverse information. The exercise of options also indicates value realization.

Positives

• The exercise of 18,750 stock options indicates the realization of value from long-term incentives.
• The reporting person maintains a significant beneficial ownership in Datadog, Inc. following the transactions, demonstrating continued alignment with shareholder interests.

Negatives

• The sale of 53,912 shares of Class A Common Stock by a key executive could be perceived negatively by some investors, despite being part of a pre-arranged plan.

Future Outlook

NA

Industry Context

Insider transactions, particularly sales, are a routine part of executive compensation and personal financial planning. When executed under a Rule 10b5-1 plan, these sales are pre-scheduled and generally do not reflect new discretionary decisions based on material non-public information, which is a common practice across the technology industry for executives managing their equity holdings.

Related Party Transactions

• Shares of Class A and Class B Common Stock are indirectly held by the Alexis Le-Quoc Revocable Trust.

Stakeholder Impact

• Shareholders may observe the insider selling, but the 10b5-1 plan context suggests it's for personal financial management rather than a signal about company performance.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Recommendation

The transactions represent routine insider activity under a pre-arranged trading plan, not necessarily a change in management's long-term view of the company. The sales are for personal liquidity and diversification, common for executives with significant equity holdings. Investors should not interpret these planned sales as a negative signal for Datadog's future prospects, but rather as a standard part of executive compensation management.

Keywords

Datadog, DDOG, Form 4, Insider Trading, Stock Sale, 10b5-1 Plan, Chief Technology Officer, Alexis Le-Quoc, Common Stock, Stock Option