Datadog CTO Sells Shares, Cashing Out Over 10 Billion Won

According to a U.S. Securities and Exchange Commission filing, Datadog Inc. (Nasdaq: DDOG) Chief Technology Officer Alexis Le-Quoc converted his Class B common shares to Class A shares on April 22 and May 4–5, then sold tens of thousands of shares on the open market under a prearranged Rule 10b5-1 trading plan, realizing approximately $13 million (about KRW 18 billion) in proceeds. This transaction included newly acquired Class A shares from stock-option exercises. Even after these sales, Le-Quoc directly holds around 530,000 Class A shares and controls several million more through trust structures, giving him a stake valued at over $900 million (exceeding KRW 1 trillion). During the same period, a family trust associated with another Datadog executive converted some Class B shares to Class A and sold about 20,000 shares, raising roughly $3.2 million (about KRW 4.5 billion), the filing showed.

In its first-quarter 2026 earnings announced on May 7, Datadog reported revenue of $1.006 billion, up 32% year-over-year, marking the first time it surpassed $1 billion in quarterly sales, and it raised its full-year revenue guidance. The company plans to showcase new AI-powered observability and security products and strategies at its mid-May investor conference and at its June developer event, DASH 2026.

Datadog is a U.S. provider of a SaaS-based observability platform for monitoring servers, databases, and applications in cloud environments. By integrating AI capabilities into its unified monitoring and security solutions, the company has been expanding its large-enterprise customer base. Alexis Le-Quoc, a co-founder and the current CTO, is recognized as a key insider who has driven the company’s product and technology strategy throughout its growth.