Form 4: Datadog Director Amit Agarwal Sells Shares Under 10b5-1 Plan

Amit Agarwal, a director at Datadog, Inc., executed sales of Class A Common Stock on May 1, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 1, 2025, Amit Agarwal, a director of Datadog, Inc., sold 75,000 shares of Class A Common Stock at $0, 63,013 shares at a weighted average price of $105.3016, and 11,987 shares at a weighted average price of $106.4583.
• These transactions were executed under a 10b5-1 trading plan established on August 16, 2024.
• Following these transactions, Agarwal directly owns 157,324 shares of Class A Common Stock.
• Agarwal also indirectly owns 1,640 shares and 6,541 shares of Class A Common Stock through family trusts.
• Additionally, Agarwal indirectly holds derivative securities convertible into 1,056,725 and 603,459 shares of Class A Common Stock through family trusts, and 59,666 shares through his spouse.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions without expressing any positive or negative outlook.

Industry Context

Insider sales are a common occurrence, especially when executed under pre-arranged 10b5-1 trading plans. These plans allow insiders to sell shares over a period of time without being accused of trading on non-public information.

Comparison to Industry Standards

• It's common for executives and directors at publicly traded companies like Datadog to utilize 10b5-1 plans for managing their stock sales.
• Companies such as Snowflake, CrowdStrike, and Okta, which are in a similar industry to Datadog, often see similar filings from their executives regarding stock transactions.
• The reported weighted average sale prices are within a normal range for stock transactions of this type.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Datadog, DDOG, Insider Trading, Amit Agarwal, 10b5-1 Plan, Stock Sale, Class A Common Stock