Datadog (DDOG) director Agarwal sells 20,000 shares after Class B to A conversion
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog, Inc. director Amit Agarwal reported mixed insider activity involving Class A and Class B shares. 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 in multiple open-market transactions.
The sales were executed on Class A Common Stock in blocks of 3,200, 8,081, 7,419 and 1,300 shares at weighted-average prices between about $123.78 and $127.31 per share, all carried out indirectly through a family trust. A footnote states the transactions were made under a pre-arranged Rule 10b5-1 trading plan dated December 8, 2025, indicating they were scheduled in advance. Agarwal continues to hold significant indirect positions in Class B Common Stock through family trusts and his spouse, which are convertible into Class A shares on a one-for-one basis with no expiration, as described in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares ($2,519,524)
Net Sell
10 txns
Insider
Agarwal Amit
Role
null
Sold
20,000 shs ($2.52M)
| 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 | 1,300 | $123.7764 | $161K |
| Sale | Class A Common Stock | 7,419 | $125.1065 | $928K |
| Sale | Class A Common Stock | 8,081 | $126.6013 | $1.02M |
| Sale | Class A Common Stock | 3,200 | $127.3075 | $407K |
| 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 — 450,059 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 $123.30 to $124.01. 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 $124.76 to $125.68. 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 $126.00 to $126.99. 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 $127.00 to $127.35. 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
Total shares sold: 20,000 shares
Largest sale block: 8,081 shares
Sale price example: $127.3075/share
+5 more
8 metrics
Total shares sold
20,000 shares
Class A Common Stock open-market sales on April 20, 2026
Largest sale block
8,081 shares
Class A Common Stock sold indirectly by family trust
Sale price example
$127.3075/share
Weighted-average price for a 3,200-share Class A sale
Lowest reported sale price
$123.7764/share
Weighted-average price for a 1,300-share Class A sale
Converted shares
20,000 shares
Class B Common Stock converted into Class A Common Stock
Remaining derivative position 1
53,063 shares
Class B shares convertible into Class A, indirect ownership
Remaining derivative position 2
603,464 shares
Class B shares convertible into Class A, indirect ownership
10b5-1 plan date
December 8, 2025
Plan governing the reported open-market sales
Key Terms
Class B Common Stock, Rule 10b5-1 plan, weighted-average sales price, Permitted Transfers, +2 more
6 terms
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.
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.
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..."
derivative conversion financial
"transaction_action": "derivative conversion""
indirect ownership financial
"ownership_type": "indirect""
FAQ
What did Amit Agarwal report in his latest Form 4 for Datadog (DDOG)?
Amit Agarwal reported a combination of share conversions and sales involving Datadog stock. A family trust converted 20,000 Class B shares into Class A, then sold 20,000 Class A shares in several open-market transactions, while retaining substantial Class B holdings through trusts and his spouse.