Shah Shardul 4

What Happened
Shah Shardul, a member of Datadog's board of directors, reported multiple open-market sales on February 13, 2026, disposing of a total of 7,916 DDOG shares for aggregate proceeds of approximately $998,892. The sales were executed in several tranches at reported prices ranging roughly from $122.78 to $129.22 per share (individual reported trade prices: $123.37, $124.32, $125.18, $126.13, $127.44, $128.47, $129.06). These transactions are sales (not purchases) and thus do not represent a new insider accumulation.

Key Details

• Transaction date: February 13, 2026; Form 4 filed February 18, 2026 (see timeliness note below).
• Total shares sold: 7,916; total proceeds: ~$998,892.
• Reported per-trade amounts: 582 @ $123.37 ($71,803); 806 @ $124.32 ($100,201); 2,521 @ $125.18 ($315,579); 1,100 @ $126.13 ($138,740); 1,206 @ $127.44 ($153,689); 1,100 @ $128.47 ($141,312); 601 @ $129.06 ($77,568).
• Several footnotes report weighted-average pricing with sale price ranges (overall ranges in filing: $122.78–$129.22).
• Footnote disclosures: some sales were made pursuant to a 10b5-1 trading plan dated June 13, 2025 (pre-arranged trading); certain shares are held by the 2019 Shah Family Trust, of which Mr. Shah is trustee (he disclaims beneficial ownership of trust shares except to the extent of any pecuniary interest).
• Shares owned after the transactions: not specified in the information provided.
• Timeliness: Form 4 was filed five calendar days after the trades (Feb 18 reporting Feb 13 trades), which appears to be beyond the standard two-business-day Form 4 filing window.

Context
Sales made under a 10b5-1 plan are generally pre-arranged and do not necessarily reflect the insider's current view of the company; routine sales by directors are common for diversification or liquidity. For retail investors, purchases by insiders often carry more interpretive weight than routine, pre-planned sales.