DigitalOcean CEO Sells Shares Under Rule 10b5-1 Plan
DigitalOcean Holdings, Inc.
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Filing Summary
DigitalOcean Holdings, Inc. ($DOCN) Form 4 Filing Alert Insider: Padmanabhan T Srinivasan (CEO & Director) Action: Sold 5,697 shares at $105.73 ($602,343.81) via Rule 10b5-1 plan; 14,786 shares withheld for taxes at $110.59 ($1,635,183.74). Remaining Ownership: 762,817 direct shares. Significance: Low (Pre-arranged 10b5-1 sale and routine tax withholding).
Comprehensive Analysis
Executive Summary
On September 3, 2026, DigitalOcean Holdings, Inc. ($DOCN) filed a Form 4 disclosing insider transactions by Padmanabhan T Srinivasan, Chief Executive Officer and Director.
Key Transaction Details
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Tax Withholding (Code F):
- Date: September 1, 2026
- Shares Withheld: 14,786 common shares
- Price: $110.59 per share
- Total Value: $1,635,183.74
- Purpose: Mandatory tax withholding to cover obligations arising from RSU vesting.
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Open Market Sale (Code S):
- Date: September 3, 2026
- Shares Sold: 5,697 common shares
- Price: $105.73 per share
- Total Consideration: $602,343.81
- Mechanism: Executed pursuant to a pre-established Rule 10b5-1 trading plan.
Post-Transaction Holdings
Following these transactions, Mr. Srinivasan directly retains 762,817 shares of DigitalOcean Common Stock, maintaining a significant equity position in the company.
Market & Governance Impact
- Trading Significance: Low
- The transactions represent routine executive compensation management, consisting of non-discretionary tax withholding and pre-scheduled sales under an affirmative Rule 10b5-1 plan. The sale constitutes less than 1% of the CEO's total beneficial ownership.
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