Datadog (DDOG) CFO reports 7,500-share gift and Class B-to-A conversion
Rhea-AI Filing Summary
Datadog, Inc. Chief Financial Officer David M. Obstler reported a mix of equity movements involving 7,500 shares of Class A and Class B Common Stock. He converted 7,500 shares of Class B Common Stock into 7,500 shares of Class A Common Stock in a derivative conversion coded "C" at a stated price of $0.00 per share.
He also made a bona fide gift of 7,500 shares of Class A Common Stock, coded "G", leaving him with 434,591 shares of Class A Common Stock held directly after the gift. Following the derivative conversion, he held 8,103 shares of Class B Common Stock directly.
Separately, indirect holdings are reported through two Obstler Children 2019 Trusts for his children, each holding Class B Common Stock that is convertible into an equal number of Class A shares. His spouse serves as trustee of these trusts, and each Class B share is convertible into one Class A share with no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 7,500 | $0.00 | -- |
| Conversion | Class A Common Stock | 7,500 | $0.00 | -- |
| Gift | Class A Common Stock | 7,500 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
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 directly by Obstler Children 2019 Trust FBO the Reporting Person's child, of which the Reporting Person's spouse is Trustee. Obstler Children 2019 Trust FBO the Reporting Person's child and Obstler Children 2019 Trust FBO the Reporting Person's other child are separate trusts for the benefit of the Reporting Person's children with substantially identical terms. Shares are held directly by Obstler Children 2019 Trust FBO the Reporting Person's other child, of which the Reporting Person's spouse is Trustee. See Footnote 2.