Datadog (NASDAQ: DDOG) director converts and sells 20K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog, Inc. director Amit Agarwal reported a mix of share conversions and sales. On May 4, 2026, family trusts associated with him converted 20,000 shares of Class B Common Stock into 20,000 shares of Class A Common Stock and sold 20,000 Class A shares in multiple open-market transactions under a Rule 10b5-1 trading plan dated December 8, 2025.
After these transactions, Agarwal holds 27,999 Class A shares directly, plus indirect Class A and Class B interests through the Agarwal family trusts and his spouse. The remaining Class B holdings shown in the filing are each convertible into an equal number of Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares ($2,894,938)
Net Sell
14 txns
Insider
Agarwal Amit
Role
null
Sold
20,000 shs ($2.89M)
| 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 | 600 | $140.0205 | $84K |
| Sale | Class A Common Stock | 1,200 | $141.1901 | $169K |
| Sale | Class A Common Stock | 1,600 | $142.4183 | $228K |
| Sale | Class A Common Stock | 2,500 | $143.7683 | $359K |
| Sale | Class A Common Stock | 4,900 | $144.8104 | $710K |
| Sale | Class A Common Stock | 4,965 | $145.6906 | $723K |
| Sale | Class A Common Stock | 4,135 | $146.6879 | $607K |
| Sale | Class A Common Stock | 100 | $147.28 | $15K |
| 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 — 410,059 shares (Indirect, By Trust);
Class A Common Stock — 21,640 shares (Indirect, By Trust);
Class A Common Stock — 27,999 shares (Direct, null)
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 $139.65 to $140.64. 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 $140.7 to $141.63. 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. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $141.97 to $142.93. 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 $143.2 to $144.15. 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 $144.24 to $145.21. 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 $145.24 to $146.23. 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 $146.25 to $147.09. 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 $147.28 to $147.28. 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.
Key Figures
Class A shares sold: 20,000 shares
Conversion from Class B to Class A: 20,000 shares
Direct Class A holdings after transactions: 27,999 shares
+4 more
7 metrics
Class A shares sold
20,000 shares
Open-market sales on May 4, 2026 by family trusts
Conversion from Class B to Class A
20,000 shares
Class B converted into Class A on May 4, 2026
Direct Class A holdings after transactions
27,999 shares
Class A Common Stock held directly by Amit Agarwal
Indirect Class A holdings after conversion
21,640 shares
Class A Common Stock held indirectly by trust after transactions
Convertible Class B block 1
53,063 shares
Class B indirectly held, each share convertible into Class A
Convertible Class B block 2
603,464 shares
Additional Class B indirectly held, convertible into Class A
Representative sale price
$147.28 per share
One reported weighted-average Class A sale price on May 4, 2026
Key Terms
Rule 10b5-1 plan, Class B Common Stock, derivative conversion, weighted-average sales price, +2 more
6 terms
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.
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.
derivative conversion financial
"transaction_action": "derivative conversion""
weighted-average sales price financial
"Price reported is a weighted-average sales price. The shares were sold at prices..."
Permitted Transfers regulatory
"except for certain "Permitted Transfers" as defined in the Issuer's amended and restated certificate..."
Family Trust financial
"Shares are held directly by Agarwal 2018 Family Trust, of which the Reporting Person's spouse is Trustee."
FAQ
What did Datadog (DDOG) director Amit Agarwal report in this Form 4?
Amit Agarwal reported converting 20,000 Class B shares into Class A and selling 20,000 Class A shares. The sales were executed in multiple open-market trades through family trusts associated with him.
What Datadog (DDOG) holdings does Amit Agarwal have after these transactions?
After these transactions, Amit Agarwal holds 27,999 Class A shares directly and additional indirect interests. The filing also shows Class B shares in family trusts, each convertible into the same number of Class A shares.
What is the significance of Datadog (DDOG) Class B Common Stock in this filing?
Class B Common Stock is convertible one-for-one into Class A Common Stock with no expiration date. In this filing, 20,000 Class B shares held indirectly were converted into 20,000 Class A shares as part of the reported transactions.