Agarwal Amit 4
4 · Datadog, Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Datadog (DDOG) Director Amit Agarwal Sells Shares
What Happened
Amit Agarwal, a director of Datadog (DDOG), reported open-market sales of a total of 20,000 Class A shares on March 9, 2026, generating approximately $2,496,118 in proceeds (11,853 shares at a weighted avg $124.16 = $1,471,676; 8,147 shares at a weighted avg $125.74 = $1,024,442). The filing also shows conversion activity: 20,000 shares were acquired via conversion of Class B common into Class A common (no cash paid) and a corresponding reduction of 20,000 derivative interests was reported. Conversions reflect Class B→Class A treatment (see footnote).
Key Details
- Transaction date: March 9, 2026. Form 4 filed March 11, 2026 (timely).
- Sales: 11,853 shares at weighted-average $124.16 (price range $124.08–$125.06) and 8,147 shares at weighted-average $125.74 (price range $125.10–$126.00). Total proceeds ≈ $2,496,118.
- Conversions: 20,000 shares converted from Class B to Class A (no cash exchanged); filing shows the corresponding derivative interest disposed (both reported at $0).
- Plan/authorization: Sales were made under a 10b5-1 trading plan dated December 8, 2025 (per footnote).
- Shares owned after transaction: Not specified in this filing. Filing notes holdings are held by Agarwal 2018 Family Trust, Agarwal 2019 Family Trust, and the Reporting Person’s spouse (see footnotes).
Context
- The conversion is a mechanical conversion of Class B common into Class A common stock (no cash), as described in the filing’s footnote; this is not an option exercise that generated proceeds.
- The sales were executed under a prearranged 10b5-1 plan, which is a commonly used automated trading plan and does not by itself indicate insider sentiment.
- Filing appears timely (reported within the required Form 4 window).
If you want, I can check Datadog’s latest insider holdings to estimate Agarwal’s remaining ownership after these transactions.
Insider Transaction Report
- Conversion
Class A Common Stock
[F1][F2]2026-03-09+20,000→ 21,640 total(indirect: By Trust) - Sale
Class A Common Stock
[F3][F4][F2]2026-03-09$124.16/sh−11,853$1,471,676→ 9,787 total(indirect: By Trust) - Sale
Class A Common Stock
[F3][F5][F2]2026-03-09$125.74/sh−8,147$1,024,442→ 1,640 total(indirect: By Trust) - Conversion
Class B Common Stock
[F1][F2]2026-03-09−20,000→ 570,059 total(indirect: By Trust)→ Class A Common Stock (20,000 underlying)
- 6,541(indirect: By Trust)
Class A Common Stock
[F6] - 27,999
Class A Common Stock
- 603,464(indirect: By Trust)
Class B Common Stock
[F1][F6]→ Class A Common Stock (603,464 underlying) - 53,063(indirect: By Spouse)
Class B Common Stock
[F1][F7]→ Class A Common Stock (53,063 underlying)
Footnotes (7)
- [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 $124.08 to $125.06. 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 $125.10 to $126.00. 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]Shares are held directly by Agarwal 2019 Family Trust, of which the Reporting Person's spouse is Trustee.
- [F7]Shares are held by Reporting Person's spouse.