Agarwal Amit 4

What Happened

• Director Amit Agarwal converted Class B shares into Class A and sold a total of 20,000 Datadog (DDOG) shares in the open market on March 23, 2026. The four sale lots were for 1,400; 2,691; 7,400; and 8,509 shares, generating aggregate proceeds of $2,547,237.
• Reported weighted-average prices per lot were $124.78, $125.79, $127.33 and $128.31 (price ranges across the lots: $124.45–$128.63). The conversions reflect Class B → Class A share conversions (no cash payment).

Key Details

• Transaction date: March 23, 2026; Form 4 filed March 25, 2026 (appears timely).
• Sale details and proceeds: 20,000 shares sold for a total of $2,547,237 across four blocks (weighted-average prices shown above; individual trade price ranges noted in filing).
• Conversion: 20,000 shares converted from Class B to Class A (convertible 1:1; no cash consideration).
• Plan / authority: Sales were made pursuant to a 10b5-1 plan dated December 8, 2025.
• Holdings after transaction: Not specified in the provided Form 4 excerpt.
• Ownership notes: Some shares are held by Agarwal family trusts and the reporting person’s spouse (filing footnotes).

Context

• The conversion was a structural change (Class B → Class A common stock, 1:1) rather than a purchase. The converted shares were then sold in the open market under a pre-established 10b5-1 plan.
• Sales by insiders are often routine (e.g., diversification, estate planning) and, by themselves, are not a clear signal of company prospects. This filing is factual: it documents conversion plus market sales and does not explain motive.