Datadog (DDOG) director Dev Ittycheria sells 138,000 shares and exercises 360,000 derivatives
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog, Inc. director Dev Ittycheria reported a mix of option activity and share sales. On June 3, 2026, entities associated with him exercised and converted an aggregate 360,000 derivative shares, moving from Class B and stock options into Class A Common Stock, including options with a $3.0667 exercise price. The filing also shows open-market sales totaling 138,000 shares of Class A Common Stock, executed at weighted average prices around $248–$249 per share. Part of the sales were made through LIDI 11 21 LLC, which is owned by the Ittycheria Family Trust, with Ittycheria as a beneficiary. After these transactions, no remaining derivative positions are listed in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 138,000 shares ($34,331,440)
Net Sell
10 txns
Insider
Ittycheria Dev
Role
null
Sold
138,000 shs ($34.33M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 120,000 | $0.00 | -- |
| Exercise | Class B Common Stock | 120,000 | $3.0667 | $368K |
| Conversion | Class B Common Stock | 120,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 120,000 | $0.00 | -- |
| Sale | Class A Common Stock | 486 | $247.9315 | $120K |
| Sale | Class A Common Stock | 76,981 | $248.5381 | $19.13M |
| Sale | Class A Common Stock | 42,533 | $249.2229 | $10.60M |
| Sale | Class A Common Stock | 74 | $247.9319 | $18K |
| Sale | Class A Common Stock | 11,517 | $248.5376 | $2.86M |
| Sale | Class A Common Stock | 6,409 | $249.2248 | $1.60M |
Holdings After Transaction:
Stock Option (Right to Buy) — 120,000 shares (Direct, null);
Class B Common Stock — 0 shares (Direct, null);
Class A Common Stock — 159,235 shares (Direct, null);
Class A Common Stock — 90,825 shares (Indirect, By LLC)
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. Price reported is a weighted average sales price. The shares were sold at prices ranging from $247.86 to $247.99. 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 $248.00 to $248.99. 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 $249.00 to $249.4825. 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 LIDI 11 21 LLC (the "LLC"). The Ittycheria Family Trust (the "Trust") is the sole member of the LLC and Reporting Person is a beneficiary of the Trust.
Key Figures
Shares sold: 138,000 shares
Weighted average sale price: $249.2248/share
Weighted average sale price: $248.5376/share
+4 more
7 metrics
Shares sold
138,000 shares
Class A Common Stock open‑market sales on June 3, 2026
Weighted average sale price
$249.2248/share
One Class A sale batch on June 3, 2026
Weighted average sale price
$248.5376/share
Another Class A sale batch on June 3, 2026
Option exercise price
$3.0667/share
Stock Option (Right to Buy) for 120,000 shares
Derivative shares exercised/converted
360,000 shares
Total derivative exercises and conversions reported
Direct Class A holding (example)
158,749 shares
Shown as total shares following one Class A sale
Indirect Class A holding (example)
90,825 shares
Shown as total shares following one LLC-held sale
Key Terms
open-market sale, Class B Common Stock, Stock Option (Right to Buy), derivative security, +2 more
6 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Class B Common Stock financial
"security_title": "Class B Common Stock""
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.
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
weighted average sales price financial
"Price reported is a weighted average sales price."
Permitted Transfers regulatory
"except for certain "Permitted Transfers" as defined in the Issuer's amended"
FAQ
What insider transactions did Dev Ittycheria report in Datadog (DDOG) on June 3, 2026?
Dev Ittycheria reported both option-related acquisitions and share sales. He exercised and converted 360,000 derivative shares into Class A stock and reported open-market sales totaling 138,000 Class A shares at weighted average prices near $248–$249 per share.
What option or derivative activity did Dev Ittycheria report for Datadog (DDOG)?
Ittycheria reported exercising and converting 360,000 derivative shares. This includes 120,000 stock options with a $3.0667 exercise price and related Class B Common Stock that converted into Class A Common Stock, with no remaining derivative position shown afterward in this filing.
Were any of Dev Ittycheria’s Datadog (DDOG) trades made through an entity?
Yes, some trades were reported as indirect through an LLC. Certain Class A Common Stock sales were held and sold by LIDI 11 21 LLC, whose sole member is the Ittycheria Family Trust, where Dev Ittycheria is described as a beneficiary.
Does Dev Ittycheria still hold Datadog (DDOG) derivatives after these transactions?
The filing shows no remaining derivative positions after these actions. The derivative summary section is empty following the 360,000-share exercises and conversions, indicating the reported derivative securities, including options and Class B shares, were fully exercised or converted.