Agarwal Amit 4

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.