Form 4: Datadog Director Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Datadog Director Amit Agarwal reported multiple sales of Class A Common Stock totaling 10,192 shares, alongside conversions of Class B to Class A shares, all executed under a pre-arranged 10b5-1 plan.
Summary
- Amit Agarwal, a Director of Datadog, Inc. (DDOG), reported transactions involving Class A and Class B Common Stock.
- On September 17, 2025, 10,094 shares of Class B Common Stock were converted into Class A Common Stock.
- On September 17, 2025, a total of 10,194 shares of Class A Common Stock were sold across four separate transactions at weighted-average prices ranging from $132.9378 to $136.3946.
- On September 18, 2025, 18 shares of Class B Common Stock were converted into Class A Common Stock.
- On September 18, 2025, 18 shares of Class A Common Stock were sold at a price of $135.23.
- All sales were conducted pursuant to a Rule 10b5-1 plan dated June 13, 2025.
- Following these transactions, Agarwal's indirect beneficial ownership of Class A Common Stock held by trusts is 1,640 shares (Agarwal 2018 Family Trust) and 6,541 shares (Agarwal 2019 Family Trust), totaling 8,181 shares.
- Indirect beneficial ownership of Class B Common Stock held by trusts is 635,503 shares (Agarwal 2018 Family Trust) and 603,464 shares (Agarwal 2019 Family Trust), totaling 1,238,967 shares.
- Additionally, 53,063 shares of Class B Common Stock are indirectly held by the Reporting Person's spouse.
- Direct beneficial ownership of Class A Common Stock is 27,999 shares.
Sentiment
Score: 5
Explanation: This is a routine insider transaction under a pre-arranged 10b5-1 plan, which typically does not indicate a change in company fundamentals or management's view of the company's prospects.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Shares are held indirectly by Agarwal 2018 Family Trust and Agarwal 2019 Family Trust, for which the Reporting Person's spouse serves as Trustee.
- Additional Class B Common Stock is held indirectly by the Reporting Person's spouse.
Stakeholder Impact
- Shareholders: Routine insider sales under a 10b5-1 plan are generally not considered indicative of future company performance, but large sales can sometimes be viewed negatively if not understood.
Key Dates
| Date | Description |
|---|---|
| 06/13/2025 | Date of the Rule 10b5-1 plan under which shares were sold. |
| 09/17/2025 | Transaction date for conversions of Class B to Class A Common Stock and subsequent sales of Class A Common Stock. |
| 09/18/2025 | Transaction date for conversions of Class B to Class A Common Stock and subsequent sales of Class A Common Stock. |
| 09/19/2025 | Signature date of the Reporting Person's attorney-in-fact for the filing. |
Recommendation
holdThe filing details routine insider stock transactions executed under a pre-arranged 10b5-1 trading plan. Such transactions are generally not indicative of a change in the company's fundamental outlook or management's confidence, and therefore do not warrant a change in investment recommendation based solely on this report.
Keywords
Datadog, DDOG, Insider Trading, Form 4, Stock Sale, Director, Amit Agarwal, 10b5-1 plan, Class A Common Stock, Class B Common Stock
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