Shah Shardul 4

What Happened

• Shardul Shah, a director of Datadog, sold a total of 7,916 shares on March 13, 2026, in two transactions (sales). The transactions reported: 1,658 shares at $126.13 each for $209,128, and 6,258 shares at a weighted-average price of $127.23 for $796,217. Total proceeds were about $1,005,345. These were sales (S) — not purchases.

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-17.
• Transaction type: Sales (open market or private sale).
• Share totals and values: 1,658@ $126.13 = $209,128; 6,258@ $127.23 (weighted avg) = $796,217; combined ≈ $1,005,345.
• Price ranges and weighted averages: one block sold at prices from $125.73 to $126.59 (weighted-average reported); the other block sold at prices from $126.88 to $127.24 (weighted-average reported). The filer will provide per-price breakdown on request to the SEC/issuer/holder.
• 10b5-1 plan: Some or all sales were made pursuant to a 10b5-1 trading plan dated June 13, 2025.
• Holdings/beneficial ownership: The filing notes related shares are held by the 2019 Shah Family Trust, of which Shah is trustee; he disclaims beneficial ownership except for any pecuniary interest (per the filing). The filing excerpt provided does not list the reporter’s post-transaction share total.
• Timeliness: No late-filing flag was indicated in the information provided.

Context

• Sales under a 10b5-1 plan are pre-arranged and can be routine; they do not necessarily indicate a change in the insider’s view of the company. For retail investors, purchases typically carry more informational weight than routine sales, but disclosure of the 10b5-1 plan and the trust holding provides transparency about why and how the sales occurred.