Agarwal Amit 4

What Happened

• Datadog director Amit Agarwal sold a total of 20,000 shares in multiple open‑market tranches on June 25, 2026, generating approximately $4.40 million in proceeds (sales executed between about $214.19 and $223.48 per share; weighted‑average prices reported for groups of trades).
• The Form 4 also shows conversion activity involving Class B common stock: one non‑cash conversion of 20,000 shares into Class A common stock and a separate conversion entry of 20,000 shares recorded as a derivative disposition with no cash proceeds. Per the filing, each Class B share converts 1:1 into Class A (see footnote F1).

Key Details

• Transaction date: June 25, 2026; Filing date: June 29, 2026 (filed within the Form 4 two‑business‑day window).
• Shares sold: 20,000 total across multiple tranches; total proceeds ≈ $4,402,377.
• Price range reported across tranches: roughly $214.19 to $223.48 per share (several weighted‑average prices and ranges noted; see footnotes F4–F12).
• Some sales were made pursuant to a prearranged 10b5‑1 plan (footnote F3).
• Certain shares are held in family trusts or by the reporting person’s spouse (footnotes F2, F13, F14).
• The filing does not state the reporter’s total shares owned after these transactions in the table provided.

Context

• Conversion of Class B to Class A is non‑cash and automatic/optional at 1:1 per the company charter (F1); this simply changes share class rather than representing a cash purchase or sale.
• Sales executed under a 10b5‑1 plan are preplanned trades and may not reflect the insider’s current view of the company; routine sales by directors are common for liquidity or diversification.
• This report appears timely (not marked late).