Family trust of Datadog (NASDAQ: DDOG) director sells 112,500 shares in planned trades
Rhea-AI Filing Summary
Datadog, Inc. director Michael James Callahan reported a planned sale and share conversion alongside a new equity grant. A family trust for which he is trustee converted 112,500 shares of Class B Common Stock into Class A and on the same day sold 112,500 Class A shares in multiple open-market transactions at weighted-average prices described in the filing, with individual price ranges from $227.73 to $236.65, under a pre-arranged Rule 10b5-1 trading plan dated March 13, 2026.
Following these sales, the trust continued to hold 120,781 Class A shares and 123,042 Class B shares, while Callahan directly held 20,684 Class A shares after receiving a grant of 1,072 Restricted Stock Units that vest at the earlier of Datadog’s next annual stockholder meeting or June 15, 2027, subject to his continued service.
Positive
- None.
Negative
- None.
Insights
Planned trust sales offset by continued sizable holdings and a small RSU grant.
The filing shows a family trust associated with Datadog director Michael James Callahan converting 112,500 Class B shares into Class A and selling the same number of Class A shares in multiple open-market trades. The filing states these sales were made under a Rule 10b5-1 plan dated March 13, 2026, indicating a pre-scheduled program rather than discretionary market timing.
After the transactions, the trust still holds 120,781 Class A and 123,042 Class B shares, while Callahan also maintains a direct position of 20,684 Class A shares including 1,072 RSUs. The RSUs vest at the earlier of the next annual meeting or June 15, 2027, contingent on continued service. Overall, the pattern reflects liquidity from a planned program with ongoing equity exposure rather than a full exit.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,072 | $0.00 | -- |
| Conversion | Class B Common Stock | 112,500 | $0.00 | -- |
| Conversion | Class A Common Stock | 112,500 | $0.00 | -- |
| Sale | Class A Common Stock | 6,715 | $228.3086 | $1.53M |
| Sale | Class A Common Stock | 11,284 | $229.5007 | $2.59M |
| Sale | Class A Common Stock | 28,701 | $230.0622 | $6.60M |
| Sale | Class A Common Stock | 14,173 | $231.3005 | $3.28M |
| Sale | Class A Common Stock | 18,830 | $232.3145 | $4.37M |
| Sale | Class A Common Stock | 12,005 | $233.3673 | $2.80M |
| Sale | Class A Common Stock | 16,145 | $234.0983 | $3.78M |
| Sale | Class A Common Stock | 2,901 | $235.4903 | $683K |
| Sale | Class A Common Stock | 1,746 | $236.2021 | $412K |
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. The Shares are held by The Callahan-Thernstrom Family Trust, of which Reporting Person is Trustee. Shares sold pursuant to a 10b5-1 plan dated March 13, 2026. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $227.73 to $228.71. 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 $228.83 to $229.82. 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 $229.83 to $230.82. 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 $230.83 to $231.82. 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 $231.84 to $232.83. 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 $232.85 to $233.84. 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 $233.85 to $234.84. 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 $234.86 to $235.85. 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 $235.90 to $236.65. 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. Represents the number of shares underlying Restricted Stock Units ("RSUs") granted pursuant to the Issuer's non-employee director compensation policy. Each RSU represents a contingent right to receive one share of Issuer's Class A common stock. The RSUs vest on the earlier of (A) the Company's next annual meeting of stockholders and (B) June 15, 2027, in each case, subject to the Reporting Person's continuous service to the Issuer through the vesting date.