Agarwal Amit 4

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.