Trust for Datadog (NASDAQ: DDOG) director sells 20,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog director Amit Agarwal, through a family trust, converted 20,000 shares of Class B Common Stock into Class A and then sold 20,000 Class A shares in open-market transactions on March 16, 2026.
The sales, executed under a Rule 10b5-1 trading plan dated December 8, 2025, occurred at weighted-average prices around $126–$129 per share. After these trades, associated entities still hold substantial positions, including 603,464 and 53,063 Class B shares convertible into Class A, 6,541 Class A shares via a trust, and 27,999 Class A shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares ($2,534,673)
Net Sell
9 txns
Insider
Agarwal Amit
Role
Director
Sold
20,000 shs ($2.53M)
| 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 | 15,796 | $126.338 | $2.00M |
| Sale | Class A Common Stock | 4,000 | $128.1991 | $513K |
| Sale | Class A Common Stock | 204 | $128.6365 | $26K |
| 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 — 550,059 shares (Indirect, By Trust);
Class A Common Stock — 21,640 shares (Indirect, By Trust);
Class A Common Stock — 27,999 shares (Direct)
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 $125.86 to $126.84. 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 $127.58 to $128.57. 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 $128.61 to $128.65. 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.
FAQ
What did Datadog (DDOG) director Amit Agarwal report in this Form 4?
Amit Agarwal reported a conversion and sale of Datadog shares. A family trust converted 20,000 Class B shares into Class A, then sold 20,000 Class A shares in open-market transactions on March 16, 2026, under a pre-arranged Rule 10b5-1 trading plan.
What is the role of Class B Common Stock in this Datadog (DDOG) filing?
Class B shares are convertible into Class A on a one-for-one basis. The filing notes each Class B share can be converted at any time into one Class A share and has no expiration, with automatic conversion triggered by transfers, certain events, or a specified IPO anniversary.
Were the Datadog (DDOG) insider sales made under a trading plan?
Yes, the reported Datadog share sales used a Rule 10b5-1 plan. A footnote specifies that the transactions were executed pursuant to a 10b5-1 plan dated December 8, 2025, indicating the sales were pre-arranged rather than discretionary market-timing decisions.