Le-Quoc Alexis 4

What Happened
Alexis Le-Quoc, Chief Technology Officer and Director at Datadog (DDOG), converted 32,418 shares of Class B common stock into Class A common stock and sold those 32,418 shares on March 23, 2026. The sales were executed in multiple tranches via open-market transactions and generated total gross proceeds of approximately $4,141,418. The transactions were completed under a pre-established 10b5-1 plan (dated June 13, 2025).

Key Details

• Transaction date: March 23, 2026. Form 4 filed March 25, 2026 (timely filing).
• Conversion: 32,418 shares of Class B converted into Class A (footnote F1 explains conversion mechanics). The converted shares were the ones sold.
• Sales (weighted-average prices and proceeds; see footnotes for price ranges):
  • 400 shares @ $124.72 = $49,888 (range $124.50–$124.95) (F3)
  • 11,306 shares @ $125.67 = $1,420,802 (range $125.66–$126.35) (F4)
  • 1,760 shares @ $127.33 = $224,097 (range $126.72–$127.71) (F5)
  • 4,386 shares @ $128.18 = $562,186 (range $127.72–$128.63) (F6)
  • 12,259 shares @ $129.25 = $1,584,427 (range $128.74–$129.71) (F7)
  • 2,307 shares @ $130.05 = $300,018 (range $129.78–$130.57) (F8)
  • Total sold: 32,418 shares for ~$4,141,418.
• Sales were pursuant to a 10b5-1 trading plan dated June 13, 2025 (F2).
• Shares are held by the Alexis Le-Quoc Revocable Trust (F9).
• Shares owned after the transactions are not specified in the provided filing excerpt.

Context

• The filing shows a conversion of Class B to Class A shares (a corporate conversion, not an option exercise). Footnote F1 explains conversion rights and triggers.
• Because the sales occurred under a 10b5-1 plan, they were prearranged and are generally considered routine dispositions rather than a real-time expression of sentiment.
• This was a sale/ disposition transaction (code S and conversion code C). Purchases would carry more weight as a bullish signal; these transactions are routine liquidity events for insiders.