Datadog CTO Sells Shares Worth 20 Billion Won... Disposing as per 10b5-1 Plan

Alexis Le-Quoc, Chief Technology Officer of U.S. cloud monitoring and security platform provider Datadog, Inc. (NASDAQ: DDOG), converted Class B common shares into Class A shares on April 22 and again on May 4–5, then sequentially sold tens of thousands of shares under a pre-established Rule 10b5-1 trading plan, raising approximately $12 million (about KRW 18 billion) in cash. During the same period, Datadog insider Amit Agarwal likewise converted Class B shares to Class A under a family trust and sold a portion, netting roughly $3.2 million (around KRW 4 billion). Both executives continue to hold several‐billion-won stakes in Datadog through their direct and trust holdings.

In its Q1 2026 results announced May 7, Datadog reported revenue of $1.06 billion—a 32% year-over-year increase—and achieved its first quarterly revenue above the $1 billion mark. Following the strong performance, the company raised its full-year guidance, sending shares up more than 20% immediately after the release.

Founded in New York in 2010 by Olivier Pomel and Alexis Le-Quoc, Datadog is a cloud infrastructure and application-monitoring SaaS provider. The company trades on NASDAQ under the ticker DDOG, is included in the NASDAQ-100 and S&P 500 indices, and counts numerous global IT and AI leaders among its customers.

Le-Quoc, as co-founder and CTO, has driven Datadog’s technology and product strategy. Agarwal, who served as Chief Product Officer and President from 2012 to 2024, remains with the company as a board member.