DDOG director reports 45,444-share sale and Class B acquisition
Rhea-AI Filing Summary
Amit Agarwal, a director of Datadog, Inc. (DDOG), reported transactions on 10/01/2025 that changed his beneficial ownership. He acquired 45,444 shares of Class B common stock that are convertible into Class A shares and, on the same date, sold 45,444 Class A shares at a weighted-average price of $150.0779 per share under a 10b5-1 trading plan. Following the reported transactions, Agarwal beneficially owns Class A shares held indirectly through family trusts and his spouse, including notable holdings of 590,059, 53,063, and 603,464 Class A-equivalent shares reported in the filing.
The filing explains that each Class B share converts into one Class A share and lists the trusts holding shares (Agarwal 2018 and 2019 Family Trusts) where the Reporting Person's spouse is trustee. The sale was executed under a pre-established plan dated June 13, 2025, and the filer offers to provide a price-by-price breakdown of the sales on request.
Positive
- Sale executed under a 10b5-1 plan, indicating a pre-established trading program (dated June 13, 2025)
- Shares held indirectly in family trusts, suggesting continuity of control via Agarwal 2018 and 2019 Family Trusts
Negative
- 45,444 Class A shares sold at a weighted-average price of $150.0779, a near-term reduction in directly held liquid shares
- Concurrent transactions on 10/01/2025 indicate active reallocation of share classes that may affect public float composition
Insights
Insider executed a matched acquisition and sale of 45,444 shares under a 10b5-1 plan.
The report shows an acquisition of 45,444 Class B shares (convertible to Class A) and a concurrent sale of 45,444 Class A shares at a weighted-average price of $150.0779. Both transactions are dated 10/01/2025, and the sale was made pursuant to a 10b5-1 plan dated June 13, 2025.
This pattern—buying convertible Class B shares while selling Class A shares—changes the composition of beneficial ownership but leaves economic exposure largely intact; the filing also documents substantial indirect holdings via family trusts and spouse accounts.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 45,444 | $0.00 | -- |
| Conversion | Class A Common Stock | 45,444 | $0.00 | -- |
| Sale | Class A Common Stock | 45,444 | $150.0779 | $6.82M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
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 June 13, 2025. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $150 to $150.3. 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. 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.
