Agarwal Amit 4
4 · Datadog, Inc. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Datadog Director Amit Agarwal Sells 20,000 Shares
What Happened
Amit Agarwal, a director of Datadog (DDOG), converted 20,000 shares of Class B common stock into Class A common stock and sold all 20,000 resulting Class A shares on March 16, 2026. The sales were done in three blocks (15,796; 4,000; 204 shares) at prices ranging roughly $125.86–$128.65, for combined proceeds of approximately $2,534,673 (weighted-average ≈ $126.73/share). The conversion had no cash cost (conversion price $0).
Key Details
- Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (timely filing).
- Sales: 15,796 shares at a weighted-average $126.34 (range $125.86–$126.84); 4,000 shares at weighted-average $128.20 (range $127.58–$128.57); 204 shares at weighted-average $128.64 (range $128.61–$128.65). Total sold = 20,000 shares; total proceeds ≈ $2.53M.
- Conversion: Two derivative conversion entries show 20,000 shares converted from Class B to Class A (no cash exchanged).
- Plan/notes: Sales were made pursuant to a 10b5-1 plan dated December 8, 2025. Some shares are held in family trusts and by the reporting person’s spouse (per footnotes).
- Shares owned after transaction: Not specified in this filing.
Context
- The filing shows a conversion of convertible Class B shares into Class A shares (per issuer charter, Class B converts 1:1) followed by market sales under a pre-established trading plan. Conversions are administrative (no cash paid); the economic action here is the open-market sales.
- 10b5-1 plans are pre-set trading arrangements that allow insiders to sell shares according to a schedule, which can mean the trades are routine rather than driven by new, company-specific knowledge.
Insider Transaction Report
Form 4
Datadog, Inc.DDOG
Agarwal Amit
Director
Transactions
- Conversion
Class A Common Stock
[F1][F2]2026-03-16+20,000→ 21,640 total(indirect: By Trust) - Sale
Class A Common Stock
[F3][F4][F2]2026-03-16$126.34/sh−15,796$1,995,635→ 5,844 total(indirect: By Trust) - Sale
Class A Common Stock
[F3][F5][F2]2026-03-16$128.20/sh−4,000$512,796→ 1,844 total(indirect: By Trust) - Sale
Class A Common Stock
[F3][F6][F2]2026-03-16$128.64/sh−204$26,242→ 1,640 total(indirect: By Trust) - Conversion
Class B Common Stock
[F1][F2]2026-03-16−20,000→ 550,059 total(indirect: By Trust)→ Class A Common Stock (20,000 underlying)
Holdings
- 6,541(indirect: By Trust)
Class A Common Stock
[F7] - 27,999
Class A Common Stock
- 603,464(indirect: By Trust)
Class B Common Stock
[F1][F7]→ Class A Common Stock (603,464 underlying) - 53,063(indirect: By Spouse)
Class B Common Stock
[F1][F8]→ Class A Common Stock (53,063 underlying)
Footnotes (8)
- [F1]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.
- [F2]Shares are held directly by Agarwal 2018 Family Trust, of which the Reporting Person's spouse is Trustee.
- [F3]Shares sold pursuant to a 10b5-1 plan dated December 8, 2025.
- [F4]Price reported is a weighted-average sales price. The shares were sold at prices ranging from $125.86 to $126.84. 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.
- [F5]Price reported is a weighted-average sales price. The shares were sold at prices ranging from $127.58 to $128.57. 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.
- [F6]Price reported is a weighted-average sales price. The shares were sold at prices ranging from $128.61 to $128.65. 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.
- [F7]Shares are held directly by Agarwal 2019 Family Trust, of which the Reporting Person's spouse is Trustee.
- [F8]Shares are held by Reporting Person's spouse.
Signature
/s/ Kerry Acocella, Attorney-in-Fact|2026-03-18