Datadog (DDOG) director Dev Ittycheria receives 1,072 RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ittycheria Dev reported acquisition or exercise transactions in this Form 4 filing.
Datadog, Inc. director Dev Ittycheria reported a grant of 1,072 Restricted Stock Units (RSUs) of Class A common stock under the company’s non-employee director compensation policy. These RSUs vest on the earlier of Datadog’s next annual stockholder meeting or June 15, 2027, subject to his continuous service.
Following the grant, Ittycheria holds 40,307 Class A shares directly and 72,899 shares indirectly through LIDI 11 21 LLC, whose sole member is the Ittycheria Family Trust, of which he is a beneficiary.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ittycheria Dev
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,072 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 40,307 shares (Direct, null);
Class A Common Stock — 72,899 shares (Indirect, By LLC)
Footnotes (1)
- Represents the number of shares underlying Restricted Stock Units ("RSUs") granted pursuant to the Issuer's non-employee director compensation policy. Each RSU represents a contingent right to receive one share of Issuer's Class A common stock. The RSUs vest on the earlier of (A) the Company's next annual meeting of stockholders and (B) June 15, 2027, in each case, subject to the Reporting Person's continuous service to the Issuer through the vesting date. Shares are held directly by LIDI 11 21 LLC (the "LLC"). The Ittycheria Family Trust (the "Trust") is the sole member of the LLC and Reporting Person is a beneficiary of the Trust.
Key Figures
RSU grant size: 1,072 RSUs
Direct holdings after transaction: 40,307 shares
Indirect holdings after transaction: 72,899 shares
+1 more
4 metrics
RSU grant size
1,072 RSUs
Granted under non-employee director compensation policy
Direct holdings after transaction
40,307 shares
Class A common stock held directly by Dev Ittycheria
Indirect holdings after transaction
72,899 shares
Class A common stock held through LIDI 11 21 LLC
RSU vesting latest date
June 15, 2027
Latest vesting date, or earlier at next annual meeting
Key Terms
Restricted Stock Units ("RSUs"), non-employee director compensation policy, continuous service, beneficiary
4 terms
Restricted Stock Units ("RSUs") financial
"Represents the number of shares underlying Restricted Stock Units ("RSUs") granted pursuant to the Issuer's non-employee director compensation policy."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
non-employee director compensation policy financial
"RSUs granted pursuant to the Issuer's non-employee director compensation policy."
continuous service financial
"subject to the Reporting Person's continuous service to the Issuer through the vesting date."
beneficiary financial
"The Ittycheria Family Trust (the "Trust") is the sole member of the LLC and Reporting Person is a beneficiary of the Trust."
FAQ
What did Dev Ittycheria report in this Datadog (DDOG) Form 4 filing?
Dev Ittycheria reported receiving 1,072 Restricted Stock Units of Datadog Class A common stock as a grant under the non-employee director compensation policy, adding to his existing direct and indirect shareholdings in the company.
How many Datadog (DDOG) RSUs were granted to Dev Ittycheria?
He was granted 1,072 Restricted Stock Units, each representing one share of Datadog Class A common stock. The RSUs are part of Datadog’s non-employee director compensation program and increase his potential future equity stake upon vesting.
When do Dev Ittycheria’s new Datadog (DDOG) RSUs vest?
The RSUs vest on the earlier of Datadog’s next annual meeting of stockholders or June 15, 2027. Vesting is conditioned on Dev Ittycheria’s continuous service to Datadog through the applicable vesting date specified in the grant terms.
How are Dev Ittycheria’s indirect Datadog (DDOG) holdings structured?
The indirect holdings consist of 72,899 Datadog Class A shares held by LIDI 11 21 LLC. The Ittycheria Family Trust is the sole member of this LLC, and Dev Ittycheria is identified as a beneficiary of the trust in the disclosure.
Is Dev Ittycheria’s Datadog (DDOG) RSU grant an open-market purchase or sale?
The RSU grant is a compensation-related award, not an open-market purchase or sale. It was issued at a stated price of $0.00 per unit as part of Datadog’s non-employee director compensation policy, contingent on service-based vesting.