Datadog Co-Founder and CTO Sells Millions in Shares

Datadog, Inc. (NASDAQ: DDOG), a cloud monitoring company, announced that its Chief Technology Officer, Alexis L’Heureux, converted roughly 40,000 Class B shares into Class A shares on May 18. Under a Rule 10b5-1 trading plan implemented that same day, he sold approximately 44,000 Class A shares in the open market, generating about $9.1 million (around KRW 12 billion) in proceeds.

On June 1 and 2, following additional conversions and the exercise of stock options, L’Heureux sold another 83,000 Class A shares, using the proceeds to cover taxes on vested stock-based compensation. He continues to hold approximately 6.7 million Datadog shares, both personally and in trust, representing about $1.4 billion (approximately KRW 1.8 trillion) in equity at current market prices.

Separately, company executive Matthew Jacobson disclosed that he sold a portion of his Class A shares through a trust on May 29 and June 1, converting roughly $10.1 million (around KRW 13 billion) to cash, while still retaining several hundred thousand shares in trust.

On May 7, Datadog reported its first-quarter fiscal 2026 results and updated its full-year guidance. The company also secured FedRAMP High cloud security certification for U.S. federal government workloads, expanding its public sector footprint.

Additionally, on June 9–10, Datadog held its annual DASH 2026 conference in New York, unveiling new AI-driven observability and security features to further extend its platform.

Founded in 2010 by Olivier Pomel and Alexis L’Heureux, Datadog is a New York–headquartered SaaS provider offering integrated observability and security services—including infrastructure monitoring, application performance monitoring, and log management—for cloud applications worldwide. Leveraging a platform that spans major public clouds and hybrid environments, the company has grown its large enterprise customer base and is now extending into observability solutions for AI and large language model workloads.