DDOG Insider: Alexis Le-Quoc Exercises Options, Executes 10b5-1 Sales
Rhea-AI Filing Summary
Alexis Le-Quoc, Chief Technology Officer and Director of Datadog, Inc. (DDOG), reported multiple transactions on 09/02/2025. The filing shows acquisitions and conversions of Class B and Class A shares, exercises of employee stock options, and several open-market sales executed pursuant to a 10b5-1 plan and to cover tax withholding on vested RSUs. Notable actions: exercise of 54,000 options at a $0.9092 strike and 18,750 options at a $10.74 strike; purchases/conversions of 30,780 and 10,688 Class B shares; and multiple sales totaling ~66,351 Class A shares at weighted-average prices in the $132.07–$135.52 range. Shares are held directly and indirectly, including 6,326,835 shares held indirectly by the Alexis Le-Quoc Revocable Trust.
Positive
- Executed option exercises (54,000 at $0.9092 and 18,750 at $10.74) showing continued participation in company equity
- Large indirect ownership disclosed: 6,326,835 shares held by the Alexis Le-Quoc Revocable Trust
- Sales conducted under a 10b5-1 plan, providing procedural protection and pre-planned execution
Negative
- Open-market sales of approximately 66,351 Class A shares reduced direct beneficial holdings at weighted-average prices of ~$132–$135
- Issuer-required sales to cover tax withholding on vested RSUs indicate dilution of immediate insider-held shares
Insights
TL;DR: Insider executed option exercises and systematic 10b5-1 sales, modestly reducing public Class A holdings while holding significant indirect stake.
The reporting shows standard management equity activity: large-scale option exercises at specified strike prices and planned sales under a pre-existing 10b5-1 plan. The exercises increased underlying economic exposure before some shares were sold in the open market. Sales were executed at weighted-average prices between approximately $132 and $135 per share, with specific weighted ranges documented. The filing also clarifies substantial indirect ownership through a revocable trust totaling 6,326,835 shares, indicating continued long-term alignment with shareholders.
TL;DR: Transactions appear consistent with routine executive compensation monetization and tax-related sales under a Rule 10b5-1 plan and issuer requirements.
The report discloses sales required to satisfy tax withholding on RSU vesting and sales under a 10b5-1 plan dated September 5, 2023, which supports an affirmative defense to insider trading allegations. The mix of direct and indirect ownership and the trustee-held shares are disclosed clearly. No indication of unplanned insider disposals or mergers; activity aligns with documented compensation mechanics and pre-established trading plan.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 54,000 | $0.00 | -- |
| Exercise | Class B Common Stock | 54,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 30,780 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 18,750 | $0.00 | -- |
| Exercise | Class B Common Stock | 18,750 | $0.00 | -- |
| Conversion | Class B Common Stock | 10,688 | $0.00 | -- |
| Conversion | Class A Common Stock | 30,780 | $0.00 | -- |
| Conversion | Class A Common Stock | 10,688 | $0.00 | -- |
| Sale | Class A Common Stock | 10,290 | $132.6429 | $1.36M |
| Sale | Class A Common Stock | 12,115 | $133.5435 | $1.62M |
| Sale | Class A Common Stock | 16,255 | $134.5453 | $2.19M |
| Sale | Class A Common Stock | 2,808 | $135.2303 | $380K |
| Sale | Class A Common Stock | 13,884 | $133.8468 | $1.86M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A 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 sold pursuant to a 10b5-1 plan dated September 5, 2023. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $132.07 to $133.06. 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 $133.07 to $134.05. 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 $134.07 to $135.06. 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 $135.07 to $135.52. 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. The Reporting Person was required by the Issuer to sell only the number of shares of common stock necessary to cover applicable tax withholding obligations realized upon the vesting of restricted stock units and performance-based restricted stock units, as well as any related brokerage commission fees. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $ 132.92 to $133.85. 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. Option is fully vested and exercisable.
