Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. 1)
Under the Securities Exchange Act of 1934
Datadog, Inc.
(Name of Issuer)
Class A Common Stock, $0.00001 par value per share
(Title of Class of Securities)
23804L103
(CUSIP Number)
December 31, 2019
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
|
CUSIP No. 23804L103 |
13G/A |
Page 2 of 7 Pages |
| 1 | NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Fifth Street Station LLC | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒ (1)
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
1,761,864 | ||||
| 6 |
SHARED VOTING POWER
0 | |||||
| 7 |
SOLE DISPOSITIVE POWER
1,761,864 | |||||
| 8 |
SHARED DISPOSITIVE POWER
0 | |||||
| 9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,761,864 | |||||
| 10 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
| |||||
| 11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.4% (2) | |||||
| 12 |
TYPE OF REPORTING PERSON
OO | |||||
| (1) | This Schedule 13G/A is filed by Fifth Street Station LLC (“Fifth Street”), Palouse Investment Management Inc. (“Palouse Management”) and Palouse Investment LLC (“Palouse” and, together with Fifth Street and Palouse Management, the “Reporting Persons”). Fifth Street and Palouse Management share common officers. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G/A. |
| (2) | Based on 27,600,000 shares of Class A common stock of Datadog, Inc. (the “Company”) outstanding as of November 6, 2019, as reported in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2019 filed with the Securities and Exchange Commission (the “SEC”) on November 13, 2019. |
|
CUSIP No. 23804L103 |
13G/A |
Page 3 of 7 Pages |
| 1 | NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Palouse Investment Management Inc. | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Washington | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
53,457 | ||||
| 6 |
SHARED VOTING POWER
0 | |||||
| 7 |
SOLE DISPOSITIVE POWER
53,457 | |||||
| 8 |
SHARED DISPOSITIVE POWER
0 | |||||
| 9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
54,457 | |||||
| 10 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
| |||||
| 11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2% (2) | |||||
| 12 |
TYPE OF REPORTING PERSON
CO | |||||
| (1) | Palouse Management has sole voting and dispositive power over the 53,457 shares held of record by Palouse (the “Palouse Shares”). Palouse Management is the manager of Palouse, which is the record holder of the Palouse Shares. Palouse Management is not a record holder of the Palouse Shares and disclaims beneficial ownership of the Palouse Shares, except to the extent of its pecuniary interest therein. |
| (2) | Based on 27,600,000 shares of Class A common stock of the Company outstanding as of November 6, 2019, as reported in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2019 filed with the SEC on November 13, 2019. |
|
CUSIP No. 23804L103 |
13G/A |
Page 4 of 7 Pages |
| 1 | NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Palouse Investment LLC | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 | SOLE VOTING POWER
0 | ||||
| 6 |
SHARED VOTING POWER
0 | |||||
| 7 |
SOLE DISPOSITIVE POWER
0 | |||||
| 8 |
SHARED DISPOSITIVE POWER
0 | |||||
| 9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
54,457 | |||||
| 10 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
| |||||
| 11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.2% (2) | |||||
| 12 |
TYPE OF REPORTING PERSON
OO | |||||
| (1) | Palouse is the record holder of the Palouse Shares. Palouse is managed by Palouse Management. Palouse Management has sole voting and dispositive power over the Palouse Shares. Palouse Management is not the record holder of the Palouse Shares and disclaims beneficial ownership of the Palouse Shares, except to the extent of its pecuniary interest therein. |
| (2) | Based on 27,600,000 shares of Class A common stock of the Company outstanding as of November 6, 2019, as reported in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2019 filed with the SEC on November 13, 2019. |
|
CUSIP No. 23804L103 |
13G/A |
Page 5 of 7 Pages |
| Item 1(a) | Name of Issuer: | |
| Datadog, Inc. | ||
| Item 1(b) | Address of Issuer’s Principal Executive Offices: | |
| 620 8th Avenue, 45th Floor, New York, NY 10018 | ||
| Item 2(a) | Name of Person Filing: | |
| (i) Fifth Street Station LLC (“Fifth Street”) | ||
| (ii) Palouse Investment Management Inc. (“Palouse Management”) | ||
| (iii) Palouse Investment LLC (“Palouse”) | ||
| Item 2(b) | Address of Principal Business Office or, If None, Residence: | |
| (i) 505 Fifth Avenue South, Suite 900, Seattle, WA 98104 | ||
| (ii) 505 Fifth Avenue South, Suite 900, Seattle, WA 98104 | ||
| (iii) 505 Fifth Avenue South, Suite 900, Seattle, WA 98104 | ||
| Item 2(c) | Citizenship: | |
| (i) Delaware | ||
| (ii) Washington | ||
| (iii) Delaware | ||
| Item 2(d) | Title of Class of Securities: | |
| Common Stock, $0.00001 par value per share | ||
| Item 2(e) | CUSIP Number: | |
| 23804L103 | ||
| Item 3. | If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) ☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o) | ||
| (b) ☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). | ||
| (c) ☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). | ||
| (d) ☐ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). | ||
| (e) ☐ An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); | ||
| (f) ☐ An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); | ||
| (g) ☐ A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); | ||
| (h) ☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | ||
| (i) ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | ||
| (j) ☐ A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J); | ||
| (k) ☐ Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J), please specify the type of institution: | ||
|
CUSIP No. 23804L103 |
13G/A |
Page 6 of 7 Pages |
| Not applicable. | ||||||||||||||
| Item 4. | Ownership | |||||||||||||
| Sole | Shared | Sole | Shared | |||||||||||||||||||||
| Voting | Voting | Dispositive | Dispositive | Beneficial | Percentage | |||||||||||||||||||
| Reporting Person |
Power | Power | Power | Power | Ownership | of Class* | ||||||||||||||||||
| Fifth Street |
1,761,864 | 0 | 1,761,864 | 0 | 1,761,864 | 6.4 | % | |||||||||||||||||
| Palouse Management |
53,457 | 0 | 53,457 | 0 | 53,457 | 0.2 | % | |||||||||||||||||
| Palouse |
0 | 0 | 0 | 0 | 53,457 | 0.2 | % | |||||||||||||||||
| Palouse Management has sole voting and dispositive power over the 53,457 shares held of record by Palouse. Palouse Management is the manager of Palouse, which is the record holder of the Palouse Shares. Palouse Management is not a record holder of the Palouse Shares and disclaims beneficial ownership of the Palouse Shares, except to the extent of its pecuniary interest therein. | ||
| * Based on 27,600,000 shares of Class A common stock of the Company outstanding as of November 6, 2019, as reported in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2019 filed with the SEC on November 13, 2019. | ||
| Item 5. | Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner or more than five percent of the class of securities, check the following box: ☐ | |
| Item 6. | Ownership of More Than Five Percent on Behalf of Another Person | |
| Not applicable. | ||
| Item 7. | Identification and Classification of Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person | |
| Not applicable. | ||
| Item 8. | Identification and Classification of Members of the Group | |
| Not applicable. | ||
| Item 9. | Notice of Dissolution of Group | |
| Not applicable. | ||
| Item 10. | Certifications | |
| Not applicable. | ||
|
CUSIP No. 23804L103 |
13G/A |
Page 7 of 7 Pages |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
| Dated: February 12, 2020 | FIFTH STREET STATION LLC | |||||
| By: | /s/ Chris Orndorff | |||||
| Name: | Chris Orndorff | |||||
| Title: | Vice President | |||||
| Dated: February 12, 2020 | PALOUSE INVESTMENT MANAGEMENT INC. | |||||
| By: | /s/ Chris Orndorff | |||||
| Name: | Chris Orndorff | |||||
| Title: | Vice President | |||||
| Dated: February 12, 2020 | PALOUSE INVESTMENT LLC | |||||
| By Palouse Investment Management Inc., its Manager | ||||||
| By: | /s/ Chris Orndorff | |||||
| Name: | Chris Orndorff | |||||
| Title: | Vice President | |||||
EXHIBIT INDEX
| Exhibit |
Title | |
| 99.1 | Joint Filing Agreement dated February 12, 2020 among the Reporting Persons | |