[Form 4] Datadog, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog, Inc. director Amit Agarwal reported a mix of share conversions and sales by family-related entities. On June 18, 2026, 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 at weighted‑average prices generally between about $215.89 and $223.54, under a Rule 10b5‑1 trading plan dated March 13, 2026. Following these transactions, one trust held 21,640 Class A shares, and Agarwal also reported 29,071 Class A shares held directly and additional Class A and Class B holdings indirectly through trusts and his spouse.
Each reported share of Class B Common Stock is convertible into one share of Class A with no expiration, and will automatically convert upon certain transfers, specified events, or on the tenth anniversary of Datadog’s initial public offering.
Positive
- None.
Negative
- None.
Insights
Pre‑planned trust sales and a Class B-to-A conversion show routine portfolio activity, not a thesis-changing move.
Amit Agarwal, a director of Datadog, Inc., oversaw transactions mainly through the Agarwal 2018 Family Trust. The trust converted 20,000 Class B shares into Class A and then sold 20,000 Class A shares in the open market.
The trades occurred around $216–$224 per share and were executed under a Rule 10b5‑1 trading plan dated March 13, 2026, indicating they were pre‑scheduled rather than opportunistic. Agarwal and related entities still report substantial indirect holdings of Class B stock convertible into Class A.
Because these transactions are a planned sale and partial conversion with significant remaining positions, they look like routine diversification or liquidity management. Subsequent ownership updates in future Form 4 filings will clarify any longer‑term changes in Agarwal’s stake.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares ($4,418,365)
Net Sell
15 txns
Insider
Agarwal Amit
Role
null
Sold
20,000 shs ($4.42M)
| 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 | 600 | $216.4116 | $130K |
| Sale | Class A Common Stock | 1,900 | $217.4001 | $413K |
| Sale | Class A Common Stock | 1,100 | $218.8825 | $241K |
| Sale | Class A Common Stock | 2,100 | $219.8641 | $462K |
| Sale | Class A Common Stock | 3,960 | $220.7075 | $874K |
| Sale | Class A Common Stock | 4,640 | $221.7286 | $1.03M |
| Sale | Class A Common Stock | 5,138 | $222.7334 | $1.14M |
| Sale | Class A Common Stock | 462 | $223.5042 | $103K |
| Sale | Class A Common Stock | 100 | $224.87 | $22K |
| 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 — 350,059 shares (Indirect, By Trust);
Class A Common Stock — 21,640 shares (Indirect, By Trust);
Class A Common Stock — 29,071 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 March 13, 2026. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $215.89 to $216.68. 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 $216.93 to $217.89. 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 $218.25 to $219.21. 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 $219.28 to $220.25. 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 $220.28 to $221.26. 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 $221.28 to $222.27. 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 $222.34 to $223.3. 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 $223.48 to $223.54. 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
Class A shares sold: 20,000 shares
Sale price range: $215.89–$223.54 per share
Class A holdings by trust: 21,640 shares
+5 more
8 metrics
Class A shares sold
20,000 shares
Open-market sales by family trust on June 18, 2026
Sale price range
$215.89–$223.54 per share
Weighted-average price ranges from multiple sale groups
Class A holdings by trust
21,640 shares
Class A Common Stock held indirectly after transactions
Direct Class A holdings
29,071 shares
Class A Common Stock held directly by Amit Agarwal
Convertible Class B block 1
42,976 shares
Class B convertible into Class A, held indirectly
Convertible Class B block 2
593,464 shares
Class B convertible into Class A, held indirectly
Conversion ratio
1 Class B = 1 Class A
Each Class B share convertible into one Class A share
Net buy/sell shares
20,000 shares net sold
Transaction summary net buy-sell direction
Key Terms
Rule 10b5-1 plan, Class B Common Stock, derivative security, weighted-average sales price, +1 more
5 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.
Class B Common Stock financial
"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"
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.
derivative security financial
"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. The shares were sold at prices ranging from $215.89 to $216.68."
Permitted Transfers regulatory
"except for certain "Permitted Transfers" as defined in the Issuer's amended and restated certificate of incorporation"
