---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-277122"
form_type: "8-K"
ticker: "DDOG"
cik: "0001561550"
company_name: "Datadog, Inc."
filed_at: "2024-12-12T23:59:59+00:00"
generated_at: "2026-05-29T04:05:00.442968+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Datadog issues $1B 0% convertible notes due 2029, repurchases $112M of 2025 notes

## Summary
- $1B aggregate principal (0.00% coupon) convertible notes due Dec 1, 2029; initial conversion price ~$217.60/share (35% premium over $161.19 close).
- Net proceeds of $979.0M; used $100.9M for capped call transactions and ~$196.8M to repurchase $112M principal of 0.125% 2025 notes.
- Capped calls with cap price of $322.38/share (100% premium) to reduce potential dilution upon conversion.
- Unwind of existing capped calls related to repurchased 2025 notes generates ~$54.7M cash termination payment.
- Remaining net proceeds earmarked for general corporate purposes, including potential acquisitions or strategic investments.

## SEC filing metadata
- accession: 0001193125-24-277122
- form_type: 8-K
- ticker: DDOG
- cik: 0001561550
- company_name: Datadog, Inc.
- filed_at: 2024-12-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1561550/000119312524277122/0001193125-24-277122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1561550/000119312524277122/d853741d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-277122
- JSON: https://secwatch.observer/filing/0001193125-24-277122.json
- Plain text: https://secwatch.observer/filing/0001193125-24-277122.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.