Datadog (DDOG) CTO sells 43K shares under 10b5-1 trading plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog, Inc. Chief Technology Officer Alexis Le-Quoc reported a pre-planned option-related sale and conversion of shares. He converted 43,224 shares of Class B Common Stock into the same number of Class A Common Stock and sold 43,224 Class A shares in multiple open-market transactions on Class A Common Stock, at weighted-average prices ranging from about $203.92 to $210.81 per share, pursuant to a Rule 10b5-1 trading plan dated June 13, 2025.
After these transactions, he holds 574,535 Class A shares directly and 2,473,574 Class B shares directly. He also has indirect holdings through the Alexis Le-Quoc Revocable Trust, including 169 Class A shares and 6,203,835 Class B shares that are convertible into Class A shares with no stated expiration.
Positive
- None.
Negative
- None.
Insights
CTO executes pre-planned option conversion and sale while retaining large stake.
Datadog CTO Alexis Le-Quoc converted 43,224 Class B shares into Class A and sold the same number of Class A shares in open-market transactions. Footnotes state these sales were under a Rule 10b5-1 trading plan dated June 13, 2025, indicating they were pre-scheduled rather than opportunistic.
Sale prices were reported as weighted averages between roughly $203.92 and $210.81 per share. Following the activity, he still owns 574,535 Class A and 2,473,574 Class B shares directly, plus additional Class A and 6,203,835 Class B shares indirectly via a revocable trust. This leaves him with a substantial continuing economic and voting interest.
The filing also notes that each Class B share is convertible one-for-one into Class A with no expiration, subject to certain automatic-conversion triggers. Overall, this pattern resembles a routine liquidity event tied to long-standing holdings, with limited directional signal given the pre-planned nature and large remaining position.
Insider Trade Summary 10b5-1
Net Seller: 43,224 shares ($8,992,461)
Net Sell
11 txns
Insider
Le-Quoc Alexis
Role
Chief Technology Officer
Sold
43,224 shs ($8.99M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 43,224 | $0.00 | -- |
| Conversion | Class A Common Stock | 43,224 | $0.00 | -- |
| Sale | Class A Common Stock | 1,600 | $204.4712 | $327K |
| Sale | Class A Common Stock | 1,200 | $205.6277 | $247K |
| Sale | Class A Common Stock | 3,210 | $206.7946 | $664K |
| Sale | Class A Common Stock | 16,347 | $207.6645 | $3.39M |
| Sale | Class A Common Stock | 14,901 | $208.6805 | $3.11M |
| Sale | Class A Common Stock | 5,066 | $209.4562 | $1.06M |
| Sale | Class A Common Stock | 900 | $210.4422 | $189K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 2,473,574 shares (Direct, null);
Class A Common Stock — 574,535 shares (Direct, null);
Class B Common Stock — 6,203,835 shares (Indirect, By Trust);
Class A Common Stock — 169 shares (Indirect, By Trust)
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 sold pursuant to a 10b5-1 plan dated June 13, 2025. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $203.92 to $204.78. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $205.00 to $205.95. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $206.09 to $207.07. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $207.10 to $208.09. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $208.10 to $209.09. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $209.10 to $210.08. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $210.12 to $210.81. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Shares are held by the Alexis Le-Quoc Revocable Trust.
Key Figures
Shares sold: 43,224 shares
Sale price range: $203.92–$210.81 per share
Class A holdings after (direct): 574,535 shares
+4 more
7 metrics
Shares sold
43,224 shares
Class A Common Stock sold in open-market transactions on 2026-05-18
Sale price range
$203.92–$210.81 per share
Weighted-average price ranges across multiple tranches
Class A holdings after (direct)
574,535 shares
Direct Class A Common Stock held following reported transactions
Class B holdings after (direct)
2,473,574 shares
Direct Class B Common Stock held following conversion
Class B holdings (indirect trust)
6,203,835 shares
Class B Common Stock held indirectly via Alexis Le-Quoc Revocable Trust
Class A holdings (indirect trust)
169 shares
Class A Common Stock held indirectly via revocable trust
10b5-1 plan date
June 13, 2025
Date of trading plan governing the reported sales
Key Terms
Rule 10b5-1 plan, weighted-average sales price, Class B Common Stock, derivative security, +1 more
5 terms
Rule 10b5-1 plan regulatory
"Shares sold pursuant to a 10b5-1 plan dated June 13, 2025."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted-average sales price financial
"Price reported is a weighted-average sales price. The shares were sold at prices ranging"
Class B Common Stock financial
"Each share of Class B Common Stock is convertible at any time at the option"
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.
derivative security financial
"transaction_action": "derivative conversion", "transaction_code_description": "Conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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 did Datadog (DDOG) CTO Alexis Le-Quoc report in this Form 4?
Datadog CTO Alexis Le-Quoc reported converting 43,224 Class B shares into Class A, then selling 43,224 Class A shares in open-market trades under a Rule 10b5-1 plan, while maintaining substantial remaining direct and indirect holdings in Datadog stock.
Does the Datadog CTO still retain a significant ownership stake after this Form 4 activity?
Yes. Despite selling 43,224 Class A shares, he continues to hold hundreds of thousands of Class A shares and several million Class B shares directly and indirectly. These positions reflect a large ongoing economic and voting interest in Datadog.