Datadog Co-Founder CTO Sells $1 Billion Stake... CRO and Insiders Also Cashing Out

On March 10, Datadog, Inc. CTO Alexis Lê-Quôc converted Class B common shares into Class A common shares, exercised vested stock options and, under a pre-established Rule 10b5-1 trading plan, sold approximately 60,000 Class A shares in the open market, raising roughly $8 million (about KRW 10 billion). Filings indicate that, after the sale, Le-Quôc still retains several million Datadog shares, held directly and in trust.

On March 11, Chief Revenue Officer Sean Michael Walters, pursuant to a separate Rule 10b5-1 plan, sold part of his roughly 20,000 Class A shares for approximately $2.8 million (several billion KRW). Then, on March 23, insider Amit Agarwal converted a portion of his Class B shares held in a family trust into Class A shares and sold tens of thousands of those Class A shares, raising about $3.1 million (several billion KRW). All three transactions were executed under prearranged trading plans, and disclosures show that each executive maintains a significant remaining stake.

In its fiscal fourth quarter 2025 results, Datadog reported revenue of $953 million, a year-over-year increase of about 29%, and issued full-year 2026 revenue guidance of $4.0 billion to $4.1 billion, sustaining its growth trajectory. Recent strategic initiatives include a partnership with Japan’s AI research lab Sakana AI; the release of the State of DevSecOps 2026 report, which analyzes software supply-chain vulnerabilities; the launch of the security-focused Bits AI feature and the Datadog Experiments management tool; and the appointment of Dominic Phillips to the board—moves aimed at bolstering its AI and security offerings and strengthening governance.

Founded in New York in 2010 by Olivier Pomel and Alexis Lê-Quôc, Datadog is a NASDAQ-listed, large-cap SaaS company specializing in cloud-native application observability and security. Its unified monitoring platform covers servers, databases and applications. As co-founder and CTO, Le-Quôc remains a key figure with a substantial equity stake, while Walters and Agarwal, as senior executives leading revenue and product/business strategy, have drawn notable investor attention.