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 those 20,000 shares in multiple open‑market transactions on July 2, 2026. The sales were executed in blocks at weighted‑average prices around the low-to-mid $260s, producing total gross proceeds of approximately $5,224,413.
• These were sales (not purchases); the conversion of Class B to Class A involved no cash payment (per the filing).

Key Details

• Transaction date: July 2, 2026; Form 4 filed July 7, 2026.
• Total sold: 20,000 shares in multiple blocks (individual block sizes: 900; 4,032; 6,557; 3,911; 2,000; 900; 879; 821).
• Total proceeds: ~$5,224,413. Prices reported per block were weighted averages in the ~ $258.59–$265.64 range; overall sales ranged roughly $258.13 to $266.20 (per footnotes).
• Conversion: 20,000 Class B shares were converted to Class A (footnote: Class B converts 1:1 to Class A and this conversion can occur automatically on certain events). The conversion involved no cash consideration.
• Plan/authorization: The sales were reported as being made pursuant to a 10b5‑1 trading plan (footnote).
• Holdings after transaction: not specified in the provided filing excerpt.
• Related-party/ownership notes: some shares referenced in the filing are held in family trusts and by the reporting person’s spouse (footnotes).

Context

• Conversions of Class B to Class A are a routine administrative step that can precede open‑market sales; the filing shows the converted shares were sold rather than retained. Sales made under a 10b5‑1 plan indicate pre‑arranged transactions rather than opportunistic trades timed to inside information.
• This filing reports sales (a liquidity event for the insider) rather than a purchase; purchases typically carry more direct implications of insider bullishness.