Datadog CTO gifts 57,000 shares via trust
Datadog, Inc. director and Chief Technology Officer Alexis Le-Quoc reported trust-related share movements involving Class A and Class B Common Stock.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 57,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 57,000 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 57,000 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (3)
- F1. 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.
- F2. Shares are held by the Alexis Le-Quoc Revocable Trust.
- F3. Shares donated to a donor-advised fund, which will use the gifted shares for charitable purposes.
Key Figures
Key Terms
Class B Common Stock financial
donor-advised fund financial
bona fide gift financial
Conversion of derivative security financial
revocable trust financial
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What insider transactions did Datadog (DDOG) report for Alexis Le-Quoc?
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