Datadog, Inc. has entered into a call option transaction with an unnamed dealer, according to a recent press release. The terms of the transaction are based on the 2002 ISDA Equity Derivatives Definitions and are subject to an agreement in the form of the 2002 ISDA Master Agreement. This transaction is considered a Share Option Transaction for purposes of the Equity Definitions.
The transaction involves the Class A Common Stock of Datadog, Inc., with a number of Base Convertible Securities in denominations of USD 1,000 principal amount issued by Datadog, Inc. on the closing date for the initial issuance of the Convertible Securities. There is also an additional capped call option for the purchase of Optional Convertible Securities in denominations of USD 1,000 principal amount.
The strike price is set at USD [_] and the cap price at USD []. The premium for the transaction is USD [__], and the premium payment date is the Effective Date. The transaction is listed on the NASDAQ Global Select Market, with all exchanges being the Related Exchange.
The transaction includes multiple exercise options, automatic exercise on conversion dates, and automatic exercise of remaining repurchase options after the Free Convertibility Date. The expiration date for the transaction is December 1, 2029, subject to earlier exercise.
Following these announcements, the company's shares moved -1.4%, and are now trading at a price of $154.54. For more information, read the company's full 8-K submission here.
