Le-Quoc Alexis 4

What Happened

• Alexis Le-Quoc, Datadog’s Chief Technology Officer and a director, executed multiple transactions on March 10, 2026: several conversions of derivative/Class B shares into Class A common stock, exercised options to acquire 18,750 shares (paid $10.74 each, total cash outlay $201,375), and completed multiple open-market sales that generated roughly $6.77 million in proceeds.
• Open-market sales listed on the filing total about $6.77M across a series of blocks with weighted-average prices ranging from about $122.54 up to $128.60. The filing also shows conversions of Class B shares to Class A shares and a related derivative conversion/disposition.

Key Details

• Transaction date: March 10, 2026; Form filed March 12, 2026 (timely).
• Open-market sales (multiple blocks) — total proceeds ≈ $6.77 million:
  • 4,935 sh @ $122.54 → $604,745
  • 12,867 sh @ $123.32 → $1,586,812
  • 7,798 sh @ $124.47 → $970,654
  • 9,014 sh @ $125.53 → $1,131,555
  • 2,124 sh @ $126.31 → $268,273
  • 5,376 sh @ $127.69 → $686,445
  • 11,798 sh @ $128.60 → $1,517,184
• Option exercise: 18,750 shares acquired at $10.74 each (total cost $201,375). The filing reports a related derivative disposition of 18,750 shares (reported as $0 in the derivative line).
• Conversions: Conversion entries show acquisitions of 43,224 and 10,688 shares and a conversion/disposition of 53,912 shares (per filing coding). Footnote F1 explains Class B shares are convertible into Class A common stock.
• Some sales were made pursuant to a 10b5-1 trading plan dated June 13, 2025 (footnote F2). Several sale lines use weighted-average prices with price ranges provided in footnotes (F3–F8).
• Option status: option(s) exercised were fully vested and exercisable (F10).
• Shares held in the Alexis Le-Quoc Revocable Trust are noted (F9).
• Shares owned after the transactions are not specified in the summary data provided in your request.

Context

• These transactions combine routine conversions and a sizable block of open-market sales. The option exercise (cash paid $201,375) plus immediate or subsequent sales reported in the filing are consistent with typical executive exercises and disposition activity; the filing indicates some sales were executed under a pre-established 10b5‑1 plan.
• Conversions of Class B to Class A per F1 are structural (convertible on set events or at holder’s option) and do not by themselves indicate market sentiment. As always, sales do not necessarily indicate a change in view about the company.