Sec Form 4 Filing - Shah Shardul @ Datadog, Inc. - 2020-05-14

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Shah Shardul
2. Issuer Name and Ticker or Trading Symbol
Datadog, Inc. [ DDOG]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O DATADOG, INC., 620 8TH AVENUE, 45TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
05/14/2020
(Street)
NEW YORK, NY10018
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 05/14/2020 C( 1 ) 612,002 A $ 0 ( 1 ) 612,002 I See Footnote ( 2 )
Class A Common Stock 05/14/2020 J( 1 ) 512,002 D $ 0 ( 1 ) 100,000 I See Footnote ( 2 )
Class A Common Stock 05/14/2020 C( 3 ) 1,818,490 A $ 0 ( 3 ) 1,818,491 I See Footnote ( 4 )
Class A Common Stock 05/14/2020 J( 3 ) 1,818,490 D $ 0 ( 3 ) 1 I See Footnote ( 4 )
Class A Common Stock 05/14/2020 C( 5 ) 36,706 A $ 0 ( 5 ) 36,706 I See Footnote ( 6 )
Class A Common Stock 05/14/2020 J( 5 ) 36,706 D $ 0 ( 5 ) 0 I See Footnote ( 6 )
Class A Common Stock 05/14/2020 C( 7 ) 32,802 A $ 0 ( 7 ) 32,802 I See Footnote ( 8 )
Class A Common Stock 05/15/2020 S 100,000 D $ 68.1292 ( 9 ) 0 I See Footnote ( 2 )
Class A Common Stock 05/15/2020 S 32,802 D $ 68.1292 ( 10 ) 0 I See Footnote ( 8 )
Class A Common Stock 111,372 ( 11 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock ( 12 ) 05/14/2020 C( 1 ) 612,002 ( 12 ) ( 12 ) Class A Common Stock 612,002 $ 0 9,374,349 I See Footnote ( 2 )
Class B Common Stock ( 12 ) 05/14/2020 C( 3 ) 1,818,490 ( 12 ) ( 12 ) Class A Common Stock 1,818,490 $ 0 27,854,759 I See Footnote ( 4 )
Class B Common Stock ( 12 ) 05/14/2020 C( 5 ) 36,706 ( 12 ) ( 12 ) Class A Common Stock 36,706 $ 0 562,253 I See Footnote ( 6 )
Class B Common Stock ( 12 ) 05/14/2020 C( 7 ) 32,802 ( 12 ) ( 12 ) Class A Common Stock 32,802 $ 0 502,448 I See Footnote ( 8 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Shah Shardul
C/O DATADOG, INC.
620 8TH AVENUE, 45TH FLOOR
NEW YORK, NY10018
X
Signatures
/s/ Shardul Shah 05/18/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On May 14, 2020, Index Ventures Growth III (Jersey), L.P. ("Index Growth III") converted in the aggregate 612,002 shares of the Issuer's Class B Common Stock into 612,002 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Index Growth III distributed in-kind, without consideration, 512,002 shares of Class A Common Stock pro-rata to its limited partners, in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended.
( 2 )The shares are held by Index Growth III. Index Venture Growth Associates III Limited ("IVGA III") is the general partner of Index Growth III. The Reporting Person is a partner within the Index Ventures group. Advisors within the Index Ventures group provide advice to each of Index Growth III, Index Ventures VI (Jersey) L.P. ("Index VI"), and Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P. ("Index VI Parallel" and together with Index Growth III and Index VI, the "Funds"). The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.
( 3 )On May 14, 2020, Index VI converted in the aggregate 1,818,490 shares of the Issuer's Class B Common Stock into 1,818,490 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Index VI distributed in-kind, without consideration, 1,818,490 shares of Class A Common Stock pro-rata to its partners, including its limited partners and its general partner, Index Venture Associates VI Limited ("IVA VI"), in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended. On the same date, IVA VI distributed in-kind, without consideration, the 454,622 shares of Class A Common Stock received in the Index VI distribution pro-rata to its shareholders, in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended.
( 4 )The shares are held by Index VI. IVA VI is the general partner of Index VI. The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.
( 5 )On May 14, 2020, Index VI Parallel converted in the aggregate 36,706 shares of the Issuer's Class B Common Stock into 36,706 shares of the Issuer's Class A Common Stock. Subsequently on the same date, Index VI Parallel distributed in-kind, without consideration, 36,706 shares of Class A Common Stock pro-rata to its partners, including its limited partners and its general partner, IVA VI, in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended. On the same date, IVA VI distributed in-kind, without consideration, the 9,176 shares of Class A Common Stock received in the Index VI Parallel distribution pro-rata to its shareholders, in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended.
( 6 )The shares are held by Index VI Parallel. IVA VI is the general partner of Index VI Parallel. The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.
( 7 )On May 14, 2020, Yucca (Jersey) SLP ("Yucca") converted in the aggregate 32,802 shares of the Issuer's Class B Common Stock into 32,802 shares of the Issuer's Class A Common Stock.
( 8 )The shares are held by Yucca. Yucca is the administrator of the Index co-investment vehicles that are contractually required to mirror the relevant Fund's investment in the Issuer (in this case, Index Growth III, Index VI and Index VI Parallel). The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.
( 9 )On May 15, 2020, Index Growth III sold 100,000 shares of the Issuer's Class A Common Stock. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.00 to $68.60, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
( 10 )On May 15, 2020, Yucca sold 32,802 shares of the Issuer's Class A Common Stock. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.00 to $68.60, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
( 11 )Includes shares received in the distribution described in footnotes (3) and (5) above.
( 12 )Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon the earlier of: (i) any transfer, whether or not for value, except for certain "Permitted Transfers" as defined in the Issuer's amended and restated certificate of incorporation, and (ii) the tenth anniversary of the Issuer's initial public offering of its Class A Common Stock.

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