Form 4: Datadog Director Amit Agarwal Sells Shares Worth Millions
SEC Form 4 Filing
Amit Agarwal, a director at Datadog, Inc., executed multiple sales of Class A Common Stock on January 8, 2025, according to a recent SEC filing.
Summary
- On January 8, 2025, Amit Agarwal, a director of Datadog, Inc., sold 25,000 shares of Class A Common Stock.
- The sales were executed in multiple transactions at weighted-average prices ranging from $139.8558 to $141.727 per share.
- These sales were conducted under a pre-arranged 10b5-1 trading plan established on August 16, 2024.
- Following these transactions, Agarwal directly owns 215,030 shares of Class A Common Stock.
- Agarwal also indirectly owns shares through family trusts and his spouse.
- The filing also indicates holdings of Class B Common Stock, which are convertible to Class A Common Stock under certain conditions.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports on stock sales by a company director under a pre-arranged plan, which is a routine financial activity.
Industry Context
Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 2024/08/16 | Date of 10b5-1 plan adoption. |
| 2025/01/08 | Date of stock sale transactions. |
| 2025/01/13 | Date of signature on the Form 4 filing. |
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