--- title: Datadog CTO Le-Quoc Sells $9.4M DDOG Across 8 April Tranches type: news slug: alexis-le-quoc-datadog-ddog-april-2026-9-4m-sells-tranches canonical_url: https://13finsight.com/news/alexis-le-quoc-datadog-ddog-april-2026-9-4m-sells-tranches published_at: 2026-05-11T14:32:46.871Z updated_at: 2026-05-11T14:32:50.186Z author: Alex Rivera author_title: Breaking News Editor author_url: https://13finsight.com/authors/alex-rivera word_count: 729 locale: en source: 13F Insight --- # Datadog CTO Le-Quoc Sells $9.4M DDOG Across 8 April Tranches > Datadog co-founder and CTO Alexis Le-Quoc sold 75,524 DDOG shares for $9.4 million across two clusters in April 2026, leaving 531,311 directly held alongside 2.55 million Class B shares. Alexis Le-Quoc, co-founder and Chief Technology Officer of Datadog, sold 75,524 DDOG shares for $9.42 million across two distinct clusters in April 2026. The first cluster, on April 6, executed 32,300 shares in four tranches between $115.13 and $117.90 per share. The second cluster, on April 22, executed 43,224 shares in four tranches between $130.27 and $133.16 per share. Both Form 4 filings (accession 0001561550-26-000110 and 0001561550-26-000121) carry the same accompanying conversion entries (transaction code C) showing matching share quantities being converted from Class B to Class A immediately before the sales — a structural pattern characteristic of a Rule 10b5-1 trading plan being executed on its scheduled cadence.The post-sale holding profile splits across two share classes. Le-Quoc retains 531,311 Class A shares directly held after the April 22 transactions, plus an estimated 2,551,960 Class B shares per the latest C-code conversion footing in the same filing. At the April 22 close around $130, the combined position is worth approximately $401 million. Datadog operates a dual-class structure in which Class B shares carry 10 votes apiece — Le-Quoc's residual Class B stake is meaningful for governance purposes even as his Class A position rotates through the plan.The Plan-Driven ReadThe mechanical signature of these sales — same-day conversion from Class B to Class A immediately preceding each batch of S-code sales, ladder-priced tranches across narrow ranges, batched on two dates roughly two weeks apart — is the textbook Form 4 pattern for a 10b5-1 plan operating in convert-then-sell mode. Although neither filing explicitly carries a Rule 10b5-1 footnote in our parsed data, the trade structure leaves little ambiguity about its plan-driven nature. Treat this as a pre-scheduled diversification execution, not a discretionary directional sale.This matters because the framing of a founder selling $9.4M can read very differently as either (a) a CTO losing confidence in the business or (b) a founder mechanically diversifying through a board-approved trading window. The data here strongly supports the second reading. Datadog's tape rallied from roughly $115 in early April to $133 in late April; the plan's ladder pricing structure captured that move without the timing requiring discretion from Le-Quoc.Career Sales PatternLe-Quoc's career trading history on DDOG shows $1.33 billion in cumulative open-market sales since 2019, executed across more than 1,100 transactions. That cadence is consistent with an active multi-year plan structure rather than episodic discretionary sales. For a CTO co-founder with significant Class B beneficial ownership, the recurring plan-driven liquidations are the standard mechanism for converting illiquid Class B compensation into post-tax diversified capital. Reading the cumulative number as founder bailing out misses the structural point — the alternative for a founder with ~$400M+ in concentrated company stock is to never diversify, which is operationally untenable.Cap Table ContextFor broader Datadog ownership context, the company's institutional cap table is dominated by growth-mandate active managers (T. Rowe Price, Capital Group entities, Wellington), with Vanguard and BlackRock as the largest passive holders by mandate. None of those positions are sensitive to a single-CTO $9.4M plan sale; the relevant signal would come from coordinated multi-insider activity or a 13G/A indicating an active manager exiting a 5%+ stake. Neither has surfaced in the current filing window.What To WatchNext plan-driven Le-Quoc Form 4. If the 14-day cadence (April 6 → April 22) continues into May (next expected date around May 6 or May 20), that confirms the plan structure. A skip month would be unusual.CEO Olivier Pomel's parallel activity. Datadog's CEO has historically run a similar plan-driven sale pattern. Coordinated cessation by both founder-officers would be a stronger signal than either's individual transactions.Datadog Q1 fiscal 2026 earnings. The first earnings window after the April sales would close any plan-driven gap and re-anchor the stock price. Plan executions resuming after earnings is the expected pattern; suspension would warrant attention.Class B conversion balance. The 2.55M Class B residual is the governance-defining holding. Material reductions there (versus Class A rotational sales) would signal a deeper structural shift in founder commitment.Track future Le-Quoc Form 4 filings as they post — typical lag from transaction date to SEC filing is 2 business days. The institutional signal feed surfaces 13D/G activity on DDOG when active-manager positions cross threshold levels. For background on how 10b5-1 plans differ from discretionary sales, see our Learn library. Source filings: SEC EDGAR Form 4 accessions 0001561550-26-000110 (April 6) and 0001561550-26-000121 (April 22) — view via Le-Quoc's SEC EDGAR Form 4 history. ## FAQ ### How much DDOG did Le-Quoc sell in April 2026? Alexis Le-Quoc sold 75,524 DDOG shares for $9.42 million across two clusters: 32,300 shares on April 6 at $115.13-$117.90 and 43,224 shares on April 22 at $130.27-$133.16. Both filings showed matching Class B-to-Class A conversion entries immediately preceding each sale batch, characteristic of a Rule 10b5-1 trading plan execution. ### How many DDOG shares does Le-Quoc still hold? After the April 22 transactions, Le-Quoc retains 531,311 Class A shares directly held plus an estimated 2,551,960 Class B shares (per C-code conversion footing). Combined position is approximately $401 million at the April 22 close near $130. Class B carries 10 votes per share, making the residual stake governance-defining even as Class A rotates through the trading plan. ### Was the sale executed under a 10b5-1 plan? The trade structure strongly suggests yes, though neither Form 4 carries an explicit Rule 10b5-1 footnote in our parsed data. The signature — same-day Class B-to-Class A conversion preceding each S-code batch, ladder-priced tranches across narrow ranges, two batched dates roughly two weeks apart — is the textbook pattern for a plan operating in convert-then-sell mode. Read this as plan-driven diversification, not discretionary sentiment. ### What is Le-Quoc's lifetime sale total on Datadog? Approximately $1.33 billion in cumulative open-market sales since the 2019 IPO, executed across more than 1,100 transactions. The cadence is consistent with an active multi-year 10b5-1 plan structure. For a CTO co-founder with significant Class B beneficial ownership, plan-driven liquidations are the standard mechanism for converting illiquid Class B compensation into diversified post-tax capital. ### Should DDOG holders be concerned about CTO selling? Probably not based on this single batch. Plan-driven sales by founder-officers are the structural alternative to never diversifying, which is operationally untenable when concentrated stock represents most of personal net worth. The signal value would come from coordinated multi-insider activity (CEO Olivier Pomel pausing his parallel plan would be the cleaner cross-check) or material Class B reductions, not from Class A rotation through a planned cadence. --- Source: 13F Insight — https://13finsight.com/news/alexis-le-quoc-datadog-ddog-april-2026-9-4m-sells-tranches Author: Alex Rivera — https://13finsight.com/authors/alex-rivera Last updated: 2026-05-11T14:32:50.186Z