Datadog (DDOG) director sells 20,000 shares in Rule 10b5-1 trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog, Inc. director Amit Agarwal reported a planned conversion and sale of shares held indirectly through a family trust. On April 1, 2026, the Agarwal 2018 Family Trust converted 20,000 shares of Class B Common Stock into 20,000 shares of Class A Common Stock and sold those Class A shares in an open-market transaction at $120.53 per share under a Rule 10b5-1 trading plan dated December 8, 2025.
Following the sale, that trust held 1,640 shares of Class A Common Stock. Separate indirect positions remain, including 603,464 shares of Class B Common Stock (convertible into the same number of Class A shares) held by a family trust where Agarwal’s spouse is trustee, and 53,063 shares of Class B Common Stock held by the spouse. Additional holdings include 6,541 shares of Class A Common Stock indirectly by trust and 27,999 shares of Class A Common Stock held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares ($2,410,600)
Net Sell
7 txns
Insider
Agarwal Amit
Role
Director
Sold
20,000 shs ($2.41M)
| 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 | 20,000 | $120.53 | $2.41M |
| 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 — 510,059 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. 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.
Key Figures
Shares converted: 20,000 shares
Shares sold: 20,000 shares
Sale price: $120.53 per share
+5 more
8 metrics
Shares converted
20,000 shares
Class B to Class A conversion on April 1, 2026
Shares sold
20,000 shares
Class A Common Stock sold in open market
Sale price
$120.53 per share
Open-market sale of 20,000 Class A shares
Trust Class A remaining
1,640 shares
Class A Common Stock indirectly held by family trust after sale
Family trust Class B
603,464 shares
Class B Common Stock indirectly held, convertible 1:1 into Class A
Spouse Class B
53,063 shares
Class B Common Stock held by reporting person’s spouse
Indirect Class A by trust
6,541 shares
Additional Class A Common Stock held indirectly by trust
Direct Class A holding
27,999 shares
Class A Common Stock held directly by Amit Agarwal
Key Terms
Rule 10b5-1 plan, Class B Common Stock, Class A Common Stock, Conversion of derivative security, +1 more
5 terms
Rule 10b5-1 plan financial
"Shares sold pursuant to a 10b5-1 plan dated December 8, 2025."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible at any time."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Conversion of derivative security financial
"Transaction code C is described as Conversion of derivative security."
family trust financial
"Shares are held directly by Agarwal 2018 Family Trust, with spouse as Trustee."
FAQ
What insider transaction did Datadog (DDOG) director Amit Agarwal report?
Amit Agarwal reported his family trust converted 20,000 Class B shares into 20,000 Class A shares, then sold those 20,000 Class A shares at $120.53 each. The transaction was disclosed as an open-market sale executed on April 1, 2026.
Was the Datadog (DDOG) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the 20,000-share Class A sale was made pursuant to a Rule 10b5-1 trading plan dated December 8, 2025. Such pre-arranged plans are set in advance and are often used for routine, scheduled insider transactions.