Datadog (NASDAQ: DDOG) CEO sells 84,698 shares, converts Class B to A
Rhea-AI Filing Summary
Datadog, Inc. Chief Executive Officer Olivier Pomel reported a mix of stock sales and a share conversion in Class A and Class B Common Stock. On June 16, 2026, he executed open-market sales totaling 84,698 shares of Class A Common Stock at weighted-average prices in the mid-$220s to mid-$230s per share under a Rule 10b5-1 trading plan dated December 15, 2025.
In a related step, Pomel converted 84,698 shares of Class B Common Stock into the same number of Class A shares. After these transactions, he held 696,045 shares of Class A Common Stock and 8,946,913 shares of Class B Common Stock directly, indicating he retains a substantial equity position in Datadog.
Positive
- None.
Negative
- None.
Insights
Datadog’s CEO executed a pre-planned sell-and-convert transaction while retaining large holdings.
The filing shows Olivier Pomel sold 84,698 shares of Class A Common Stock in multiple open-market trades on June 16, 2026, with prices around the mid-$230 range. These sales were made pursuant to a Rule 10b5-1 trading plan dated December 15, 2025, indicating they were pre-scheduled rather than opportunistic.
Concurrently, Pomel converted 84,698 shares of Class B Common Stock into Class A, a non-cash derivative conversion that maintains his overall economic exposure. Afterward, he held 696,045 Class A shares and 8,946,913 Class B shares directly. Given the pre-planned nature and the large remaining stake, the activity appears routine and not thesis-changing on its own.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 84,698 | $0.00 | -- |
| Conversion | Class A Common Stock | 84,698 | $0.00 | -- |
| Sale | Class A Common Stock | 1,400 | $226.4336 | $317K |
| Sale | Class A Common Stock | 1,782 | $227.3609 | $405K |
| Sale | Class A Common Stock | 1,500 | $228.276 | $342K |
| Sale | Class A Common Stock | 2,085 | $230.1986 | $480K |
| Sale | Class A Common Stock | 25,560 | $231.1055 | $5.91M |
| Sale | Class A Common Stock | 9,881 | $232.2246 | $2.29M |
| Sale | Class A Common Stock | 20,806 | $233.1146 | $4.85M |
| Sale | Class A Common Stock | 18,207 | $234.0217 | $4.26M |
| Sale | Class A Common Stock | 2,272 | $235.0179 | $534K |
| Sale | Class A Common Stock | 1,205 | $235.9447 | $284K |
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 sold pursuant to a 10b5-1 plan dated December 15, 2025. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $225.90 to $226.89. 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 $226.91 to $227.83. 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 $228.05 to $229.04. 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 $229.59 to $230.56. 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 $230.63 to $231.62. 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 $231.63 to $232.62. 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 $232.63 to $233.61. 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 $233.63 to $234.61. 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 $234.63 to $235.61. 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 $235.65 to $236.33. 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.