Form 4: Datadog Director Amit Agarwal Reports Routine Stock Sales Under Pre-Arranged 10b5-1 Plan

Datadog, Inc. Director Amit Agarwal reported the conversion of Class B shares to Class A and subsequent sales of Class A common stock totaling 25,000 shares on May 28, 2025, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Amit Agarwal, a Director at Datadog, Inc. (DDOG), reported stock transactions on May 28, 2025, as detailed in a Form 4 filing.
• He converted 18,728 shares of Class B Common Stock into an equal number of Class A Common Stock shares at a price of $0.
• Following the conversion, Mr. Agarwal sold a total of 25,000 shares of Class A Common Stock in three separate transactions.
• The sales were conducted at weighted-average prices of $116.6548, $117.3568, and $118.3457 per share.
• These dispositions were made pursuant to a Rule 10b5-1 trading plan that was established on August 16, 2024.
• After these transactions, Mr. Agarwal directly holds 76,052 shares of Class A Common Stock.
• Indirect holdings include 1,640 Class A shares and 1,056,725 Class B shares held by the Agarwal 2018 Family Trust, 6,541 Class A shares and 603,459 Class B shares held by the Agarwal 2019 Family Trust, and 59,666 Class B shares held by his spouse.

Sentiment

Score: 5

Explanation: A Form 4 filing reporting routine insider stock sales under a 10b5-1 plan is generally neutral in sentiment, as it reflects pre-scheduled liquidity management rather than a direct signal about the company's immediate prospects.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Shares are held indirectly by Agarwal 2018 Family Trust and Agarwal 2019 Family Trust, where the Reporting Person's spouse is Trustee.
• Shares are also held indirectly by the Reporting Person's spouse.

Stakeholder Impact

• Shareholders: The sale of shares by a director, while under a 10b5-1 plan, represents a routine liquidity event by a key insider and is generally not indicative of a change in company fundamentals or outlook.

Key Dates

Keywords

Datadog, DDOG, SEC Form 4, Insider Trading, Stock Sales, Amit Agarwal, 10b5-1 Plan, Class A Common Stock, Class B Common Stock, Director, Beneficial Ownership