Datadog (DDOG) Director Julie Richardson Sells 5,625 Shares

What Happened
Julie Richardson, a director of Datadog (DDOG), sold 5,625 shares in an open-market transaction on September 3, 2026, at $220.00 per share for total proceeds of $1,237,500. The same day she exercised options (strike $7.96) to acquire 5,625 shares for $44,756 and completed conversions of derivative/Class B shares into Class A common stock as documented in the filing.

Key Details

• Transaction date: September 3, 2026. Form 4 filed September 8, 2026 (covers the Sept 3 trades).
• Open-market sale: 5,625 shares at $220.00 → $1,237,500 proceeds. (Code S)
• Option exercise: exercised options for 5,625 shares at $7.96 → $44,756 cash paid. (Code M; option fully vested per filing)
• Conversions: conversion(s) of Class B common into Class A reported (Code C; see footnote).
• Sale executed pursuant to a 10b5-1 trading plan dated June 4, 2026 (footnote F2).
• Shares owned after the transactions: not specified in the summary data provided.
• Footnotes: F1 explains Class B → Class A conversion rights; F2 identifies 10b5‑1 plan; F3 confirms option was fully vested and exercisable.

Context

• The sequence (exercise/conversion and same‑day sale) looks like an exercise of options/conversion into Class A shares followed by an immediate sale — commonly a cashless/marketed disposition — but the filing simply shows the exercise/conversion and the sale on the same date.
• The sale was done under a pre‑arranged 10b5‑1 plan, which typically indicates the transactions were scheduled in advance rather than ad‑hoc insider selling.
• This filing is routine insider activity documenting option exercise, conversion of Class B shares, and a scheduled sale; it is factual reporting and does not by itself indicate the director’s view on the company.