AI Observability Leader 'Datadog' Executives, Including Co-Founder, Sell Shares Worth 50 Billion Won in May

At AI observability platform provider Datadog, Inc. (Nasdaq: DDOG), CEO Olivier Pomel, CTO Alexis Lecoq and executive Amit Agarwal converted their Class B common shares into Class A common shares on May 11 and 18, then sold them on the open market under pre-arranged Rule 10b5-1 trading plans. On May 11, Pomel sold roughly 129,000 shares for about $25.5 million, while Agarwal disposed of some 19,000 shares for approximately $3.9 million. On May 18, Lecoq sold about 44,000 shares, generating around $9.1 million. In total, the three executives realized roughly $38.5 million (about KRW 50 billion) from these transactions. Pomel also simultaneously converted newly issued Class B shares—received through stock-option exercises—into Class A shares. After these sales and conversions, Pomel still holds approximately 8.97 million shares valued at around $1.8 billion (roughly KRW 2.5 trillion), and Lecoq retains about 6.7 million shares worth some $1.4 billion, leaving all three executives with substantial remaining stakes, the company’s filings show.

In its first-quarter fiscal 2026 results released on May 7, Datadog reported quarterly revenue exceeding $1 billion for the first time, a 32% year-over-year increase, and free cash flow of $289 million, emphasizing the expanding share of AI-related customers. (investors.datadoghq.com) In June, further disclosures revealed that the company’s chief people officer and certain board members also sold shares worth millions of dollars. Simultaneously, news has surfaced about the upcoming 2026 Global Tech Conference hosted by leading investment banks and adjustments in holdings by institutional investors. (in.investing.com)

Founded in New York in 2010, Datadog is a cloud-based observability and monitoring software company that offers a SaaS platform integrating monitoring across servers, databases, applications and security systems. It is publicly traded on Nasdaq. (en.wikipedia.org) Co-founders Pomel and Lecoq are among the company’s largest shareholders and, together with the board, steer its medium- to long-term product and growth strategies. (investors.datadoghq.com)