Form 4: ICONIQ Capital's Matthew Jacobson Reports Datadog Stock Sales

Matthew Jacobson, a director at Datadog, reported the sale of Class A Common Stock through various ICONIQ Strategic Partners entities.

Summary

• Matthew Jacobson, a director of Datadog, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report indicates sales of Class A Common Stock on May 7 and May 8, 2025, at weighted average prices of approximately $107.3961, $107.5764 and $108.142.
• The sales were executed through various ICONIQ Strategic Partners entities, including ICONIQ Strategic Partners II, L.P., ICONIQ Strategic Partners II-B, L.P., ICONIQ Strategic Partners III, L.P., ICONIQ Strategic Partners III-B, L.P., and ICONIQ Strategic Partners IV, L.P.
• Jacobson also directly holds 675,558 shares of Class A Common Stock through a trust.
• Jacobson disclaims beneficial ownership of the securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales, which is neutral in sentiment.

Management Comments

• The Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), except to the extent of his pecuniary interest therein, if any.
• This report shall not be deemed an admission that the Reporting Person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The stock sales by a director could be perceived negatively by shareholders, potentially leading to a decrease in stock price, although this is not guaranteed.

Key Dates

Keywords

Form 4, Datadog, DDOG, ICONIQ Capital, Matthew Jacobson, Stock Sale, Beneficial Ownership, Class A Common Stock