Form 4: Datadog CTO Transfers Shares to Revocable Trust

Datadog's Chief Technology Officer, Alexis Le-Quoc, reports the transfer of 350,000 shares of Class A and Class B Common Stock to a revocable trust.

Summary

• Alexis Le-Quoc, the Chief Technology Officer of Datadog, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On June 13, 2024, Le-Quoc transferred 350,000 shares of Class A Common Stock to a revocable trust.
• Additionally, 350,000 shares of Class B Common Stock were transferred to the same trust.
• Following these transactions, Le-Quoc directly owns 279,025 shares of Class A Common Stock.
• Le-Quoc also indirectly owns 350,035 shares of Class A Common Stock and 7,029,835 derivative securities (Class B Common Stock) through the Alexis Le-Quoc Revocable Trust.
• The Class B Common Stock is convertible to Class A Common Stock under certain conditions, including transfer, death, or the tenth anniversary of Datadog's IPO.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The transfer of shares to a trust may have implications for estate planning purposes for the reporting person.
• The filing provides transparency to shareholders regarding insider transactions.

Key Dates