Director Amit Agarwal of Datadog, Inc. (NASDAQ:DDOG) filed a Form 4 on August 17, 2026, reporting transactions in Class A Common Stock dated August 13, 2026, including a conversion of Class B shares and multiple sales executed under a pre-established trading plan.

Key Highlights

  • Conversion: 20,000 shares of Class B Common Stock were converted into 20,000 shares of Class A Common Stock at $0 on August 13, 2026, held indirectly by trust.
  • Total shares sold: 20,000 shares of Class A Common Stock were disposed of across ten separate sale transactions on August 13, 2026.
  • Sale price range: Weighted-average sale prices across transactions ranged from $241.29 to $253.1615 per share, with individual transaction ranges spanning as low as $241.14 and as high as $253.34.
  • Trading plan: All sales were executed pursuant to a 10b5-1 plan dated March 13, 2026.
  • Remaining indirect holdings: Following the reported transactions, Agarwal beneficially owns 1,640 shares of Class A Common Stock indirectly through the Agarwal 2018 Family Trust, plus 6,541 shares indirectly through the Agarwal 2019 Family Trust.
  • Direct holdings: The filing reports 29,071 shares of Class A Common Stock held directly by the reporting person.
  • Derivative securities: The filing reports 190,059 shares of Class B Common Stock beneficially owned indirectly by trust, and 593,464 shares of Class B Common Stock held by the Agarwal 2019 Family Trust.

Datadog Director Reports Class B Conversion and Trust-Held Share Sales

According to the filing, Amit Agarwal, a director of Datadog, Inc. (NASDAQ:DDOG), reported transactions on August 13, 2026, beginning with the conversion of 20,000 Class B Common Stock shares into 20,000 Class A Common Stock shares at a price of $0. The filing notes that each share of Class B Common Stock is convertible at any time at the option of the reporting person into one share of Class A Common Stock and has no expiration date. The converted shares are held indirectly through the Agarwal 2018 Family Trust, of which the reporting person's spouse serves as trustee.

Following the conversion, the filing discloses ten separate sale transactions totaling 20,000 shares of Class A Common Stock, all executed on August 13, 2026. The sales were conducted at weighted-average prices ranging from $241.29 per share for the first 200-share block to $253.1615 per share for a 400-share block. The filing states that all sales were made pursuant to a 10b5-1 plan dated March 13, 2026. The filing notes that full information on shares sold at each separate price within each range is available upon request to the SEC, the issuer, or a security holder of the issuer.

After all reported transactions, the filing indicates that Agarwal holds 1,640 shares of Class A Common Stock indirectly through the Agarwal 2018 Family Trust and 6,541 shares indirectly through the Agarwal 2019 Family Trust. Direct beneficial ownership of Class A Common Stock is reported at 29,071 shares. In Table II, the filing lists 190,059 Class B Common Stock shares held indirectly by the Agarwal 2018 Family Trust, 593,464 Class B shares held by the Agarwal 2019 Family Trust, and 42,976 Class B shares held by the reporting person's spouse.

What Was Disclosed

The filing reports a Class B-to-Class A conversion of 20,000 shares and the subsequent sale of 20,000 Class A shares held indirectly by trust, all on August 13, 2026, under a pre-established 10b5-1 plan. Remaining beneficial ownership across direct and indirect holdings was also reported.