Datadog (NASDAQ: DDOG) director trust converts and sells 20,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog, Inc. director Amit Agarwal reported a pre-planned convert-and-sell transaction involving 20,000 shares of Class A Common Stock held through a family trust. The trust sold 20,000 Class A shares in multiple open-market trades at prices around $258–$266 per share, pursuant to a Rule 10b5-1 plan dated March 13, 2026.
The sequence included the conversion of 20,000 shares of Class B Common Stock into 20,000 Class A shares at an exercise price of $0.00 per share before the sales. Following these transactions, one trust associated with Agarwal held 21,640 Class A shares, while separate entries show 29,071 Class A shares held directly and additional indirect Class A and Class B positions through trusts and a spouse, each share of Class B being convertible into one share of Class A.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares ($5,224,413)
Net Sell
14 txns
Insider
Agarwal Amit
Role
Director
Sold
20,000 shs ($5.22M)
| 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 | 900 | $258.5914 | $233K |
| Sale | Class A Common Stock | 4,032 | $259.702 | $1.05M |
| Sale | Class A Common Stock | 6,557 | $260.5304 | $1.71M |
| Sale | Class A Common Stock | 3,911 | $261.5282 | $1.02M |
| Sale | Class A Common Stock | 2,000 | $262.567 | $525K |
| Sale | Class A Common Stock | 900 | $263.7968 | $237K |
| Sale | Class A Common Stock | 879 | $264.8258 | $233K |
| Sale | Class A Common Stock | 821 | $265.645 | $218K |
| 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 — 310,059 shares (Indirect, By Trust);
Class A Common Stock — 21,640 shares (Indirect, By Trust);
Class A Common Stock — 29,071 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 March 13, 2026. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $258.13 to $259.00. 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 $259.14 to $260.13. 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 $260.14 to $261.13. 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 $261.14 to $262.07. 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 $262.18 to $263.06. 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 $263.27 to $264.14. 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 $264.28 to $265.27. 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 $265.36 to $266.20. 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
Shares sold: 20,000 shares
Sale price range: $258.13–$266.20 per share
Shares converted: 20,000 shares
+5 more
8 metrics
Shares sold
20,000 shares
Class A open-market sales on July 2, 2026 by trust
Sale price range
$258.13–$266.20 per share
Weighted-average blocks with detailed ranges disclosed in footnotes
Shares converted
20,000 shares
Class B converted into Class A at $0.00 per share
Exercise price
$0.00 per share
Conversion of Class B Common Stock into Class A
Trust Class A holdings
21,640 shares
Class A Common Stock held indirectly by trust after transactions
Direct Class A holdings
29,071 shares
Class A Common Stock held directly after reported transactions
Indirect Class B block
42,976 shares
Class B held by spouse, convertible into Class A
Indirect Class B block
593,464 shares
Class B held by trust, convertible into Class A
Key Terms
Rule 10b5-1 plan, weighted-average sales price, Class B Common Stock, Permitted Transfers, +2 more
6 terms
Rule 10b5-1 plan financial
"Shares sold pursuant to a 10b5-1 plan dated March 13, 2026."
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 ranging"
Class B Common Stock financial
"Each share of Class B Common Stock is convertible at any time at the option"
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.
Permitted Transfers regulatory
"except for certain "Permitted Transfers" as defined in the Issuer's amended and restated"
automatic conversion financial
"Each share of Class B Common Stock will convert automatically into one share of Class A"
Family Trust financial
"Shares are held directly by Agarwal 2018 Family Trust, of which the Reporting Person's spouse is Trustee."
FAQ
What insider transactions did Amit Agarwal report at Datadog (DDOG)?
Amit Agarwal reported a convert-and-sell sequence involving 20,000 Datadog Class A shares. A family trust converted 20,000 Class B shares into Class A at $0.00 and sold 20,000 Class A shares in multiple open-market trades around $258–$266 per share.
Were the Datadog (DDOG) insider sales made under a Rule 10b5-1 plan?
Yes. The filing states the shares were sold pursuant to a Rule 10b5-1 plan dated March 13, 2026. Such plans pre-schedule trades, indicating the timing of these open-market sales was set in advance rather than decided on the trade date.
What Datadog (DDOG) holdings did Amit Agarwal report after these transactions?
After the transactions, one trust held 21,640 Datadog Class A shares. Separate entries show 29,071 Class A shares held directly and additional indirect positions, including Class B shares held by trusts and a spouse, each Class B share being convertible into one Class A share.