Datadog (DDOG) Chief Product Officer receives 51,116-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Li Yanbing reported acquisition or exercise transactions in this Form 4 filing.
Datadog, Inc. reported that Chief Product Officer Li Yanbing received a grant of 51,116 shares of Class A Common Stock in the form of restricted stock units (RSUs). Each RSU represents the right to receive one share of Class A Common Stock if vesting conditions are met.
The RSUs vest as to 12/48 of the shares on March 1, 2027, with the remaining shares vesting in 12 equal quarterly installments on each June 1, September 1, December 1 and March 1 thereafter, so long as Li remains in continuous service under Datadog’s 2019 Equity Incentive Plan. Following this grant, Li holds 305,117 shares of Class A Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Li Yanbing
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 51,116 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 305,117 shares (Direct)
Footnotes (1)
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Key Figures
RSU grant size: 51,116 shares
Total shares after grant: 305,117 shares
RSU vesting start: 12/48 of shares
3 metrics
RSU grant size
51,116 shares
Restricted stock units of Class A Common Stock granted to CPO
Total shares after grant
305,117 shares
Class A Common Stock held directly by Li Yanbing after transaction
RSU vesting start
12/48 of shares
First vesting tranche on March 1, 2027
Key Terms
restricted stock units ("RSUs"), Continuous Service, 2019 Equity Incentive Plan
3 terms
restricted stock units ("RSUs") financial
"Represents the number of shares of Class A Common Stock underlying restricted stock units ("RSUs")."
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.
Continuous Service financial
"subject to the Reporting Person remaining in Continuous Service (as defined in the Issuer's 2019 Equity Incentive Plan)"
2019 Equity Incentive Plan financial
"Continuous Service (as defined in the Issuer's 2019 Equity Incentive Plan) of the Issuer as of each such date."
FAQ
What insider transaction did Datadog (DDOG) report for Li Yanbing?
Datadog reported that Chief Product Officer Li Yanbing received a grant of 51,116 restricted stock units (RSUs) of Class A Common Stock. Each RSU represents the right to receive one Datadog Class A share if the specified vesting and service conditions are satisfied.
How many Datadog RSUs were granted to Chief Product Officer Li Yanbing?
Li Yanbing was granted 51,116 restricted stock units (RSUs) of Datadog Class A Common Stock. These RSUs convert into the same number of shares if vesting requirements are met under Datadog’s 2019 Equity Incentive Plan and the executive remains in continuous service.
What is the vesting schedule for Li Yanbing’s new Datadog RSUs?
The RSUs vest 12/48 of the shares on March 1, 2027, with the remaining shares vesting in 12 equal quarterly installments thereafter. Vesting dates fall on June 1, September 1, December 1 and March 1, conditioned on Li’s continued service with Datadog.
What does each Datadog RSU granted to Li Yanbing represent?
Each RSU granted to Li Yanbing represents a contingent right to receive one share of Datadog’s Class A Common Stock. Delivery of shares depends on meeting the time-based vesting schedule and satisfying continuous service requirements described in the company’s 2019 Equity Incentive Plan.