Datadog (DDOG) director converts Class B and sells 20K Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Datadog, Inc. director Amit Agarwal reported a mix of stock sales and conversions involving the company’s dual‑class shares. On May 11, 2026, family trusts associated with him sold a total of 20,000 shares of Datadog Class A Common Stock in multiple open‑market transactions at weighted‑average prices generally around $195–$203 per share, pursuant to a Rule 10b5‑1 trading plan dated December 8, 2025.
The filing also shows a conversion of 20,000 shares of Class B Common Stock into Class A Common Stock, recorded as a derivative conversion. After these transactions, Agarwal’s reported holdings include 27,999 shares of Class A Common Stock held directly and various indirect positions held through family trusts and his spouse. Each share of Class B Common Stock is convertible at any time into one Class A share and will automatically convert upon specified transfer events, the reporting person’s death in certain cases, or the tenth anniversary of Datadog’s initial public offering.
Positive
- None.
Negative
- None.
Insights
Director executes pre‑planned 20,000‑share net sale alongside Class B to Class A conversion.
The filing for Datadog, Inc. shows director Amit Agarwal involved in both sales and conversions on May 11, 2026. Trusts associated with him sold 20,000 Class A shares in open‑market trades around $195–$203 per share and converted 20,000 Class B shares into Class A.
These transactions were carried out under a Rule 10b5‑1 trading plan dated December 8, 2025, indicating they were pre‑scheduled rather than opportunistic. Afterward, he continues to hold 27,999 Class A shares directly plus substantial indirect positions in both Class A and Class B stock, with Class B convertible 1:1 into Class A.
Given the pre‑planned nature, the mixed pattern of conversion and sale, and the sizeable remaining holdings, this activity typically has limited signaling value about Datadog’s business fundamentals, functioning more as portfolio and estate‑planning management.
Insider Trade Summary 10b5-1
Net Seller: 20,000 shares ($4,002,637)
Net Sell
14 txns
Insider
Agarwal Amit
Role
null
Sold
20,000 shs ($4.00M)
| 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 | 400 | $195.60 | $78K |
| Sale | Class A Common Stock | 500 | $197.09 | $99K |
| Sale | Class A Common Stock | 2,276 | $197.8584 | $450K |
| Sale | Class A Common Stock | 3,308 | $199.0492 | $658K |
| Sale | Class A Common Stock | 5,945 | $200.0123 | $1.19M |
| Sale | Class A Common Stock | 2,269 | $201.011 | $456K |
| Sale | Class A Common Stock | 5,202 | $202.1599 | $1.05M |
| Sale | Class A Common Stock | 100 | $202.69 | $20K |
| 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 — 390,059 shares (Indirect, By Trust);
Class A Common Stock — 21,640 shares (Indirect, By Trust);
Class A Common Stock — 27,999 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 December 8, 2025. Price reported is a weighted-average sales price. The shares were sold at prices ranging from $195.27 to $195.71. 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 $196.43 to $197.38. 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 $197.45 to $198.41. 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 $198.49 to $199.44. 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 $199.54 to $200.50. 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 $200.56 to $201.55. 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 $201.56 to $202.52. 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 $202.69 to $202.69. 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 example: $202.6900 per share
Shares converted: 20,000 shares
+5 more
8 metrics
Class A shares sold
20,000 shares
Total Class A Common Stock sold on May 11, 2026
Sale price example
$202.6900 per share
One weighted-average sale price for Class A shares
Shares converted
20,000 shares
Class B Common Stock converted into Class A Common Stock
Direct Class A holdings
27,999 shares
Class A Common Stock held directly following transactions
Indirect Class A trust holdings
6,541 shares
Class A Common Stock held indirectly by trust following transactions
Indirect Class B trust holdings
390,059 shares
Class B Common Stock held indirectly by trust after conversion entry
Underlying shares position
53,063 shares
Underlying Class A shares for one Class B position in derivative summary
Underlying shares position
603,464 shares
Underlying Class A shares for another Class B position in derivative summary
Key Terms
Class B Common Stock, Rule 10b5-1 plan, weighted-average sales price, derivative conversion, +2 more
6 terms
Class B Common Stock financial
"Each share of Class B Common Stock is convertible at any time"
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.
Rule 10b5-1 plan regulatory
"Shares sold pursuant to a 10b5-1 plan dated December 8, 2025."
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"
derivative conversion financial
"transaction_action": "derivative conversion""
Permitted Transfers regulatory
"except for certain "Permitted Transfers" as defined in the Issuer's"
initial public offering financial
"the tenth anniversary of the Issuer's initial public offering of its Class A"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
FAQ
What did Datadog (DDOG) director Amit Agarwal do in this Form 4 filing?
Amit Agarwal reported selling 20,000 shares of Datadog Class A Common Stock and converting 20,000 Class B shares into Class A on May 11, 2026. The activity reflects both share disposition and derivative conversion in the company’s dual‑class structure.
Was the Datadog (DDOG) insider sale by Amit Agarwal under a Rule 10b5-1 plan?
Yes. The filing states the shares were sold pursuant to a Rule 10b5‑1 trading plan dated December 8, 2025. Such plans are pre‑arranged trading instructions, which can make the timing of sales less indicative of an insider’s real‑time view on the stock.
What Datadog (DDOG) holdings does Amit Agarwal report after these transactions?
After the reported activity, Agarwal holds 27,999 shares of Class A Common Stock directly. He also reports indirect holdings through family trusts and his spouse, including positions in both Class A and Class B shares, with Class B stock convertible into Class A on a one‑for‑one basis.