Form 4: Datadog's Chief Technology Officer, Alexis Le-Quoc, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Alexis Le-Quoc, Chief Technology Officer of Datadog, Inc., reports acquisition of shares and adjustments to beneficial ownership, including shares held directly and indirectly through a revocable trust.
Summary
- On July 29, 2024, Alexis Le-Quoc, the Chief Technology Officer of Datadog, Inc., reported changes in beneficial ownership of the company's Class A Common Stock.
- Le-Quoc acquired 68,659 shares of Class A Common Stock.
- Following the transaction, Le-Quoc directly owns 347,684 shares of Class A Common Stock.
- Le-Quoc also has indirect ownership of 35 shares through the Alexis Le-Quoc Revocable Trust.
- The acquired shares are related to restricted stock units (RSUs) that vest over time, starting March 1, 2025, and continuing in quarterly installments.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard regulatory filing reflecting stock transactions by an executive. It doesn't inherently indicate positive or negative performance.
Future Outlook
The report indicates ongoing vesting of restricted stock units, suggesting continued alignment of the executive's interests with the company's long-term performance.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency regarding their investment activities in the company's stock. This filing indicates the CTO's continued investment in Datadog.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the equity holdings of a key executive.
- Employees may view this as a sign of the executive's continued commitment to the company.
Key Dates
| Date | Description |
|---|---|
| 07/29/2024 | Date of transaction: acquisition of Class A Common Stock. |
| 03/01/2025 | First vesting date for 12/48 of the shares underlying the RSUs. |
| 07/31/2024 | Date of signature for the report. |
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