Datadog (DDOG) CEO Pomel corrects Form 4, converts 42,443 Class B to A
Rhea-AI Filing Summary
Datadog, Inc. Chief Executive Officer Olivier Pomel reported an amended insider transaction reflecting a share class conversion and correction of prior disclosures. On May 11, 2026, he converted 42,443 shares of Class B Common Stock into 42,443 shares of Class A Common Stock in a non-cash derivative conversion.
Following the transaction, Pomel directly held 878,122 shares of Class A Common Stock and 9,057,395 shares of Class B Common Stock as of the transaction date. A footnote explains this amendment corrects a previously reported conversion of 84,698 Class B shares that did not occur and updates beneficial ownership figures reported on prior Forms 4 filed on and after May 13, 2026.
Positive
- None.
Negative
- None.
Insights
Routine share class conversion with corrected prior reporting; neutral signal.
The filing shows CEO Olivier Pomel converted 42,443 Class B shares into 42,443 Class A shares on May 11, 2026. This is a derivative conversion (code C), not an open-market purchase or sale, so no cash changed hands.
After the conversion, he held 878,122 Class A shares and 9,057,395 Class B shares directly, indicating a very large continuing ownership position. The amendment mainly corrects an earlier Form 4 that mistakenly reported a conversion of 84,698 Class B shares that never occurred and aligns beneficial ownership totals across subsequent filings.
Because this is an internal share class reclassification and a clean-up of prior reporting rather than a discretionary buy or sell, it typically carries limited informational value for assessing management’s current view of the stock. The absence of remaining derivative positions in this filing suggests this specific conversion fully addressed the underlying derivative security referenced.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 42,443 | $0.00 | -- |
| Conversion | Class A Common Stock | 42,443 | $0.00 | -- |
Footnotes (1)
- This amendment to Form 4 is being filed solely to correct the reporting of the conversion of 84,698 Class B shares, which did not occur. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon the earliest of: (i) any transfer, whether or not for value, except for certain "Permitted Transfers" as defined in the Issuer's amended and restated certificate of incorporation, (ii) the death of the Reporting Person in the case of shares held directly or in a trustee capacity, and (iii) the tenth anniversary of the Issuer's initial public offering of its Class A Common Stock. Reflects balance as of the transaction date. The numbers of shares reported as beneficially owned following each other transaction reported in the Original Form 4 are deemed amended and updated hereby. This Form 4 is also deemed to amend and update the number of shares reported as beneficially owned on each Form 4 filed subsequent to May 13, 2026.