AI English summary of an SEC filing — figures as filed

The company said it completed the issuance of 0.00% Convertible Senior Notes due 2029 on December 12, 2024 in an aggregate principal amount of $1 billion, including the exercise in full of the initial purchasers’ option to buy up to an additional $130 million of principal. The notes will not bear regular interest.

8-KEntry into a Material Definitive AgreementFiled Dec 12, 2024Period of report Dec 9, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

The company said it completed the issuance of 0.00% Convertible Senior Notes due 2029 on December 12, 2024 in an aggregate principal amount of $1 billion, including the exercise in full of the initial purchasers’ option to buy up to an additional $130 million of principal. The notes will not bear regular interest.
The company said the conversion rate is 4.5955 shares of Class A common stock per $1,000 principal amount, and the initial conversion price is about $217.60 per share. It said this represents a premium of about 35% over the Nasdaq closing price of $161.19 on December 9, 2024.
The company said it used $100.9 million of the $979.0 million in net proceeds to pay for the capped call transactions, and about $196.8 million to repurchase about $112.0 million in principal of its Convertible Senior Notes due 2025. It plans to use the remaining proceeds for general corporate purposes.
The company said the initial cap price of the capped call transactions is $322.38 per share, a premium of 100% over the Nasdaq closing price of $161.19 on December 9, 2024. It expects to receive about $54.7 million in cash from the partial termination of the existing capped calls.

Summary

AI-written

Analysis scope · Filing body only (exhibits excluded)We analyzed the filing body only. The exhibits exceeded the length limit and were excluded, so figures, financial statements and presentation materials in them were not reviewed.

Datadog completes 0.00% convertible notes offering of $1 billion

The company said it completed the issuance of 0.00% Convertible Senior Notes due 2029 on December 12, 2024 in an aggregate principal amount of $1 billion, including the exercise in full of the initial purchasers’ option to buy up to an additional $130 million of principal. The notes will not bear regular interest.

Source · Based on the filing body (exhibits excluded)

Initial conversion price of about $217.60

The company said the conversion rate is 4.5955 shares of Class A common stock per $1,000 principal amount, and the initial conversion price is about $217.60 per share. It said this represents a premium of about 35% over the Nasdaq closing price of $161.19 on December 9, 2024.

Source · Based on the filing body (exhibits excluded)

Use of $979.0 million in net proceeds

The company said it used $100.9 million of the $979.0 million in net proceeds to pay for the capped call transactions, and about $196.8 million to repurchase about $112.0 million in principal of its Convertible Senior Notes due 2025. It plans to use the remaining proceeds for general corporate purposes.

Source · Based on the filing body (exhibits excluded)

Capped call cap price and proceeds from unwinding existing options

The company said the initial cap price of the capped call transactions is $322.38 per share, a premium of 100% over the Nasdaq closing price of $161.19 on December 9, 2024. It expects to receive about $54.7 million in cash from the partial termination of the existing capped calls.

Source · Based on the filing body (exhibits excluded)

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Filing details

Form: 8-K · Entry into a Material Definitive Agreement
Filed: Dec 12, 2024
Period of report: Dec 9, 2024
Accession number: 0001193125-24-277122

Items reported

SEC item captions

Entry into a Material Definitive Agreement
Termination of a Material Definitive Agreement
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Unregistered Sales of Equity Securities
Other Events
Financial Statements and Exhibits

Analysis basis

Source: SEC EDGAR
Scope: Filing body only (exhibits excluded); Part of the analyzed section was omitted because of a length limit.
English text: Translated from the published Korean report · AI-written
Summary generated: Oct 25, 2026

Filing details and items are from the SEC submission. The summary covers only the analysis scope shown above.

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