Datadog (NASDAQ: DDOG) CTO sells 43,224 shares, converts Class B stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog, Inc. Chief Technology Officer Alexis Le-Quoc reported multiple insider transactions in the company’s common stock. On April 22, 2026, he sold a total of 43,224 shares of Class A Common Stock in open-market transactions at weighted-average prices ranging from about $130.27 to $133.16 per share. A footnote states these sales were made under a Rule 10b5-1 trading plan dated June 13, 2025, indicating they were pre-arranged. On the same date, he converted 43,224 shares of Class B Common Stock into an equal number of Class A shares at a stated conversion price of $0.00 per share. The filing also shows indirect holdings by the Alexis Le-Quoc Revocable Trust, including Class A and 6,203,835 shares of Class B Common Stock, each of which is convertible at any time into one Class A share.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 43,224 shares ($5,655,316)
Net Sell
8 txns
Insider
Le-Quoc Alexis
Role
Chief Technology Officer
Sold
43,224 shs ($5.66M)
| 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 | 16,799 | $130.2673 | $2.19M |
| Sale | Class A Common Stock | 19,393 | $130.8903 | $2.54M |
| Sale | Class A Common Stock | 6,932 | $132.0375 | $915K |
| Sale | Class A Common Stock | 100 | $133.16 | $13K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 2,551,960 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 $129.59 to $130.58. 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 $130.59 to $131.57. 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 $131.59 to $132.48. 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 (tranche 1): $133.16 per share
Sale price (tranche 2): $132.0375 per share
+5 more
8 metrics
Shares sold
43,224 shares
Class A Common Stock sold on April 22, 2026
Sale price (tranche 1)
$133.16 per share
Weighted-average price for 100 Class A shares sold
Sale price (tranche 2)
$132.0375 per share
Weighted-average price for 6,932 Class A shares sold
Sale price (tranche 3)
$130.8903 per share
Weighted-average price for 19,393 Class A shares sold
Sale price (tranche 4)
$130.2673 per share
Weighted-average price for 16,799 Class A shares sold
Shares converted
43,224 shares
Class B converted into Class A at $0.00 per share
Indirect Class B holdings
6,203,835 shares
Class B Common Stock held by Alexis Le-Quoc Revocable Trust
Net share change
-43,224 shares
Net of open-market sales versus acquisitions in this filing
Key Terms
Rule 10b5-1 plan, Class B Common Stock, derivative conversion, weighted-average sales price, +1 more
5 terms
Rule 10b5-1 plan financial
"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.
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.
derivative conversion financial
"Transaction code C reflects a derivative conversion of Class B into Class A."
weighted-average sales price financial
"Price reported is a weighted-average sales price with trades in a price range."
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) CTO Alexis Le-Quoc report?
Le-Quoc reported selling 43,224 shares of Datadog Class A stock on April 22, 2026, through open-market transactions, and converting 43,224 Class B shares into Class A stock at a stated conversion price of $0.00 per share.
Were the Datadog (DDOG) insider stock sales made under a 10b5-1 plan?
Yes. A footnote states the shares were sold pursuant to a 10b5-1 plan dated June 13, 2025. Such plans are pre-arranged trading programs that allow insiders to sell shares on a set schedule, reducing discretion over trade timing.
What is the significance of Datadog (DDOG) Class B Common Stock in this filing?
The filing notes that Class B Common Stock is convertible at any time into one share of Class A with no expiration. Class B shares automatically convert upon certain transfers, the reporting person’s death, or the tenth anniversary of Datadog’s initial public offering.