Datadog (DDOG) director sells 20,000 shares after Class B conversion
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog, Inc. director Amit Agarwal, through a family trust, converted and sold shares on March 23, 2026. The Agarwal 2018 Family Trust converted 20,000 shares of Class B Common Stock into 20,000 shares of Class A Common Stock, then sold 20,000 Class A shares in multiple open‑market trades at weighted‑average prices ranging from about $124.45 to $128.63 per share under a Rule 10b5-1 trading plan dated December 8, 2025.
After these transactions, the trust continued to hold Class A shares as well as substantial Class B Common Stock positions that are convertible into 603,464 shares of Class A Common Stock, with an additional 53,063 underlying Class A shares held indirectly through the reporting person’s spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares ($2,547,237)
Net Sell
10 txns
Insider
Agarwal Amit
Role
Director
Sold
20,000 shs ($2.55M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 20,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 20,000 | $0.00 | -- |
| Sale | Class A Common Stock | 1,400 | $124.7813 | $175K |
| Sale | Class A Common Stock | 2,691 | $125.7867 | $338K |
| Sale | Class A Common Stock | 7,400 | $127.3333 | $942K |
| Sale | Class A Common Stock | 8,509 | $128.3094 | $1.09M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 530,059 shares (Indirect, By Trust);
Class A Common Stock — 21,640 shares (Indirect, By Trust);
Class A Common Stock — 27,999 shares (Direct)
Footnotes (1)
- Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon the earliest of: (i) any transfer, whether or not for value, except for certain "Permitted Transfers" as defined in the Issuer's amended and restated certificate of incorporation, (ii) the death of the Reporting Person in the case of shares held directly or in a trustee capacity, and (iii) the tenth anniversary of the Issuer's initial public offering of its Class A Common Stock. Shares are held directly by Agarwal 2018 Family Trust, of which the Reporting Person's spouse is Trustee. Shares sold pursuant to a 10b5-1 plan dated December 8, 2025. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $124.45 to $125.35. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $125.66 to $126.46. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $126.76 to $127.74. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $127.76 to $128.63. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Shares are held directly by Agarwal 2019 Family Trust, of which the Reporting Person's spouse is Trustee. Shares are held by Reporting Person's spouse.
FAQ
What did Datadog (DDOG) director Amit Agarwal report in this Form 4?
Amit Agarwal reported converting 20,000 Class B shares into 20,000 Class A shares, then selling 20,000 Class A shares in open-market transactions. These trades were executed through a family trust associated with him.