Datadog director sells 20,000 shares after conversion
Datadog, Inc. director Amit Agarwal reported a combination of share conversion and sale involving trust-held stock.
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Form Type
4
Rhea-AI Filing Summary
Datadog, Inc. director Amit Agarwal reported a combination of share conversion and sale involving trust-held stock. A 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 at $120.00 per share in an open-market transaction pursuant to a Rule 10b5-1 trading plan dated December 8, 2025. Following these transactions, the trust retains 1,640 Class A shares, while additional indirect holdings include 603,464 and 53,063 Class B shares (each convertible into Class A) through family trusts and the spouse, plus 27,999 Class A shares held directly.
Insider Trade Summary 10b5-1
Exercise and Sale: 20,000 shares ($2.40M approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
Agarwal Amit
Role
Director
Sold
20,000 shs ($2.40M)
Approx. gross sale proceeds
$2.40M
Approx. exercise cost
$0.00
Approx. pre-tax spread
$2.40M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 20,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 20,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 20,000 | $120.00 | $2.40M |
| 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 — 1,073,523 contracts for 603,464 underlying shares (Indirect, By Trust);
Class A Common Stock — 8,181 shares (Indirect, By Trust);
Class B Common Stock — 53,063 contracts (Indirect, By Spouse);
Class A Common Stock — 27,999 shares (Direct)
Footnotes (5)
- F1. 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.
- F2. Shares are held directly by Agarwal 2018 Family Trust, of which the Reporting Person's spouse is Trustee.
- F3. Shares sold pursuant to a 10b5-1 plan dated December 8, 2025.
- F4. Shares are held directly by Agarwal 2019 Family Trust, of which the Reporting Person's spouse is Trustee.
- F5. Shares are held by Reporting Person's spouse.
Key Figures
Shares converted: 20,000 shares
Shares sold: 20,000 shares
Sale price: $120.00 per share
+4 more
7 metrics
Shares converted
20,000 shares
Class B to Class A conversion on April 15, 2026
Shares sold
20,000 shares
Class A open-market sale at $120.00 per share
Sale price
$120.00 per share
Class A Common Stock sale on April 15, 2026
Trust Class A holding
1,640 shares
Class A shares indirectly held by trust after transactions
Indirect Class B holding (trust)
603,464 shares
Class B shares convertible into Class A, held indirectly
Indirect Class B holding (spouse)
53,063 shares
Class B shares convertible into Class A, held by spouse
Direct Class A holding
27,999 shares
Class A shares held directly by reporting person after transactions
Key Terms
Class B Common Stock, Class A Common Stock, Rule 10b5-1 plan, Permitted Transfers, +1 more
5 terms
Class B Common Stock financial
"Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person"
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 at any time ... 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.
Rule 10b5-1 plan regulatory
"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.
Permitted Transfers regulatory
"except for certain "Permitted Transfers" as defined in the Issuer's amended and restated certificate of incorporation"
initial public offering financial
"the tenth anniversary of the Issuer's initial public offering of its Class A Common Stock."
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Datadog (DDOG) director Amit Agarwal report?
Amit Agarwal reported a derivative conversion and a sale. A family trust converted 20,000 Class B shares into 20,000 Class A shares, then sold 20,000 Class A shares at $120.00 per share in an open-market transaction under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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