Datadog (NASDAQ: DDOG) CTO receives 94,054 RSUs, holds 531,480 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Le-Quoc Alexis reported acquisition or exercise transactions in this Form 4 filing.
Datadog, Inc. director and Chief Technology Officer Alexis Le-Quoc received an equity award of 94,054 restricted stock units (RSUs) tied to Class A Common Stock. The award was granted at $0.0000 per share as a compensation-related grant, not an open-market purchase.
Each RSU represents the right to receive one share of Class A Common Stock if service 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 installments on each June 1, September 1, December 1 and March 1 thereafter, subject to his Continuous Service under Datadog’s 2019 Equity Incentive Plan. Following this grant, Le-Quoc directly holds 531,311 shares, and an additional 169 shares are held indirectly through the Alexis Le-Quoc Revocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Le-Quoc Alexis
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 94,054 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 531,311 shares (Direct);
Class A Common Stock — 169 shares (Indirect, By Trust)
Footnotes (1)
- Represents the number of shares of Class A Common Stock underlying restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A Common Stock. The shares underlying the RSUs vest as to 12/48 of the shares on March 1, 2027 and the remainder of the shares vest in 12 equal installments on each June 1, September 1, December 1 and March 1 thereafter, subject to the Reporting Person remaining in Continuous Service (as defined in the Issuer's 2019 Equity Incentive Plan) of the Issuer as of each such date. Shares are held by the Alexis Le-Quoc Revocable Trust.
Key Figures
RSU grant size: 94,054 RSUs
Grant price: $0.0000 per share
Direct holdings after grant: 531,311 shares
+3 more
6 metrics
RSU grant size
94,054 RSUs
Restricted stock units of Class A Common Stock granted to CTO
Grant price
$0.0000 per share
Recorded price per RSU in the award
Direct holdings after grant
531,311 shares
Class A Common Stock directly held by Alexis Le-Quoc
Indirect trust holdings
169 shares
Shares held by the Alexis Le-Quoc Revocable Trust
Initial vesting fraction
12/48 of RSUs
Portion vesting on March 1, 2027 under the schedule
Vesting start date
March 1, 2027
First vesting date for the RSUs, subject to Continuous Service
Key Terms
restricted stock units ("RSUs"), Continuous Service, 2019 Equity Incentive Plan, Revocable Trust
4 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
"as defined in the Issuer's 2019 Equity Incentive Plan"
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 transaction did Datadog (DDOG) report for Alexis Le-Quoc?
Datadog reported that CTO Alexis Le-Quoc received a grant of 94,054 restricted stock units (RSUs) of Class A Common Stock at $0.0000 per share as compensation, increasing his direct holdings to 531,311 shares.
How do the 94,054 RSUs granted to Datadog (DDOG) CTO vest?
The 94,054 RSUs vest 12/48 on March 1, 2027, with the remaining shares vesting in 12 equal installments on each June 1, September 1, December 1 and March 1, contingent on Alexis Le-Quoc’s Continuous Service.
What conditions affect vesting of the Datadog (DDOG) RSUs granted to Alexis Le-Quoc?
Vesting of the 94,054 RSUs depends on Alexis Le-Quoc remaining in Continuous Service with Datadog under its 2019 Equity Incentive Plan. If he continues service through each vesting date, the corresponding RSUs convert into Class A Common Stock.