Datadog (DDOG) CTO Le-Quoc converts and gifts 57,000 shares through revocable trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog, Inc. director and Chief Technology Officer Alexis Le-Quoc reported trust-related share movements involving Class A and Class B Common Stock. A trust associated with Le-Quoc converted 57,000 shares of Class B Common Stock into Class A Common Stock and then made a bona fide gift of 57,000 Class A shares to a donor-advised fund for charitable purposes, both at a stated price of $0.00 per share.
Following these transactions, Le-Quoc held 509,805 Class A and 2,438,412 Class B shares directly. The trust held 169 Class A and 6,146,835 Class B shares indirectly, with each Class B share convertible into one Class A share according to the issuer’s charter.
Positive
- None.
Negative
- None.
Insider Trade Summary
57,000 shares exercised/converted
Mixed
5 txns
Insider
Le-Quoc Alexis
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 57,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 57,000 | $0.00 | -- |
| Gift | Class A Common Stock | 57,000 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 6,146,835 shares (Indirect, By Trust);
Class A Common Stock — 57,169 shares (Indirect, By Trust);
Class B Common Stock — 2,438,412 shares (Direct, null);
Class A Common Stock — 509,805 shares (Direct, null)
Footnotes (1)
- 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. Shares are held by the Alexis Le-Quoc Revocable Trust. Shares donated to a donor-advised fund, which will use the gifted shares for charitable purposes.
Key Figures
Gifted shares: 57,000 shares
Conversion amount: 57,000 shares
Direct Class A holdings: 509,805 shares
+3 more
6 metrics
Gifted shares
57,000 shares
Class A Common Stock donated to donor-advised fund
Conversion amount
57,000 shares
Class B converted into Class A by trust
Direct Class A holdings
509,805 shares
Held directly by Alexis Le-Quoc after transactions
Direct Class B holdings
2,438,412 shares
Held directly by Alexis Le-Quoc after transactions
Trust Class A holdings
169 shares
Indirect Class A held by Alexis Le-Quoc Revocable Trust
Trust Class B holdings
6,146,835 shares
Indirect Class B held by Alexis Le-Quoc Revocable Trust
Key Terms
Class B Common Stock, donor-advised fund, bona fide gift, Conversion of derivative security, +1 more
5 terms
Class B Common Stock financial
"Each share of Class B Common Stock is convertible at any time..."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
donor-advised fund financial
"Shares donated to a donor-advised fund, which will use the gifted shares..."
A donor-advised fund is a charitable giving account that lets an individual or family deposit cash, stock, or other assets now, get an immediate tax benefit, and then recommend grants to charities over time. Think of it like a private charitable bucket you control without running a charity yourself; investors care because it’s a tax-efficient way to give appreciated securities, can change when and how donated shares enter the market, and affects personal and corporate tax planning.
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Conversion of derivative security financial
"transaction_code_description: "Conversion of derivative security""
revocable trust financial
"Shares are held by the Alexis Le-Quoc Revocable Trust."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
What insider transactions did Datadog (DDOG) report for Alexis Le-Quoc?
Datadog reported that a trust associated with CTO Alexis Le-Quoc converted 57,000 Class B shares into Class A shares, then gifted 57,000 Class A shares to a donor-advised fund for charitable purposes, both at a stated price of $0.00 per share.