Pomel Olivier 4

What Happened

• Olivier Pomel, CEO of Datadog, reported multiple transactions on March 16, 2026. He sold 42,443 shares in open-market transactions for total proceeds of about $5.38 million (weighted-average prices reported across four lots). On the same day he exercised/converted derivative instruments: he acquired 38,118 shares by paying $0.91 each ($34,657) and 35,715 shares by paying $10.74 each ($383,579), and reported conversions of 42,443 Class B shares into Class A (no cash paid). Overall, exercised/acquired shares cost roughly $418,236.

Key Details

• Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (timely).
• Open-market sales: 11,243 @ weighted avg $126.11 (proceeds $1,417,829); 24,070 @ $126.78 ($3,051,657); 5,853 @ $127.77 ($747,813); 1,277 @ $128.66 ($164,300). Total sold = 42,443 shares, ~ $5.38M.
• Option/exercise/convert details: 38,118 shares acquired at $0.91 ($34,657); 35,715 shares acquired at $10.74 ($383,579); multiple entries show conversions/exchanges of derivative securities (zero cash reported for conversions).
• Footnotes: F1 = Class B shares convertible 1:1 into Class A; F2 = open-market sales executed under a 10b5-1 plan dated Dec 15, 2025; F3–F6 = weighted-average price ranges for the reported sale lots; F7 = options were fully vested and exercisable.
• Shares owned after transaction: not specified in the provided excerpt of the filing — see the full Form 4 for post-transaction holdings.
• Filing timeliness: filed two days after the transactions (not marked late).

Context

• The report shows both sales and option exercises/conversions on the same date. The sales were executed under a pre-established 10b5-1 plan (a routine mechanism for insiders to sell shares), while the exercises/conversions reflect option exercise and conversion of Class B to Class A common stock. This combination often reflects liquidity and tax/settlement activities rather than a single directional bet; the filing itself does not state motivation.