Datadog (NASDAQ: DDOG) director reports gift of Class B shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog, Inc. director Amit Agarwal reported an indirect disposition of shares through a bona fide gift. A trust holding by his spouse transferred 10,087 shares of Class B Common Stock as a gift, leaving 42,976 shares of this spouse-held position after the transaction.
The filing also shows large indirect holdings in the Agarwal 2018 and 2019 Family Trusts, with Class B shares convertible into an equal number of Class A shares at any time with no expiration. These Class B shares automatically convert to Class A upon certain transfers, the reporting person’s death, or a specified IPO anniversary.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,087 shares gifted
Mixed
3 txns
Insider
Agarwal Amit
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 10,087 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 42,976 shares (Indirect, By Spouse)
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 by Reporting Person's spouse. Shares are held directly by Agarwal 2019 Family Trust, of which the Reporting Person's spouse is Trustee. Shares are held directly by Agarwal 2018 Family Trust, of which the Reporting Person's spouse is Trustee.
Key Figures
Gifted shares: 10,087 shares
Spouse-held shares after gift: 42,976 shares
2019 Family Trust underlying shares: 390,059 shares
+3 more
6 metrics
Gifted shares
10,087 shares
Bona fide gift of Class B Common Stock held by spouse
Spouse-held shares after gift
42,976 shares
Class B Common Stock indirectly owned through spouse following transaction
2019 Family Trust underlying shares
390,059 shares
Class B convertible into Class A, held indirectly via 2019 Family Trust
2018 Family Trust underlying shares
603,464 shares
Class B convertible into Class A, held indirectly via 2018 Family Trust
Gift transactions count
1 transaction
One bona fide gift reported in transaction summary
Gifted share total
10,087 shares
Total giftShares in transactionSummary
Key Terms
Class B Common Stock, Class A Common Stock, bona fide gift, Family Trust, +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.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Family Trust financial
"Shares are held directly by Agarwal 2019 Family Trust, of which the Reporting Person's spouse is Trustee"
convertible financial
"Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
What insider transaction did Datadog (DDOG) director Amit Agarwal report?
Amit Agarwal reported an indirect disposition via a bona fide gift of 10,087 shares of Datadog Class B Common Stock held by his spouse. After the gift, that spouse-held position reported 42,976 shares remaining, while other large indirect trust holdings are unchanged.
What indirect Datadog (DDOG) holdings do the Agarwal Family Trusts report?
The Form 4 shows the Agarwal 2019 Family Trust holding Class B shares convertible into 390,059 Class A shares, and the Agarwal 2018 Family Trust holding Class B shares convertible into 603,464 Class A shares. Both trusts list the reporting person’s spouse as trustee, reflecting substantial indirect ownership.