DigitalOcean Officer & Director Files Form 144 to Sell $602K in Common Stock
DigitalOcean Holdings, Inc.
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Filing Summary
Form 144 Notice of Proposed Sale of Securities Issuer: DigitalOcean Holdings, Inc. (DOCN) Insider: Srinivasan Padmanabhan T (Officer & Director) Proposed Sale: 5,697 shares (~$602,343.81) Approx. Sale Date: 09/03/2026 Plan Adoption Date: 05/15/2026 (Rule 10b5-1) Source: Restricted Stock Vesting on 09/01/2026
Comprehensive Analysis
Form 144 Filing Overview: DigitalOcean Holdings, Inc. (DOCN)
Summary of Proposed Transaction
- Filer: Srinivasan Padmanabhan T (Officer & Director)
- Number of Shares Proposed for Sale: 5,697 Common Shares
- Estimated Aggregate Market Value: $602,343.81 (~$105.73 per share)
- Approximate Date of Sale: September 3, 2026
- Broker: Fidelity Brokerage Services LLC
Acquisition Details & Context
- Securities Acquired: 5,697 Common Shares acquired on September 1, 2026, via restricted stock vesting as equity compensation from the issuer.
- Trading Plan: The proposed sale is executed pursuant to a pre-arranged trading plan adopted on May 15, 2026, conforming to Rule 10b5-1.
Recent Historical Sales
- The filer reported one prior disposition within the past three months: 5,697 shares sold on August 17, 2026, for gross proceeds of $735,539.67.
Market & Trading Impact
- The proposed sale represents approximately 0.005% of the 117,579,550 total shares outstanding.
- Given the small transaction size relative to the float and the execution under a predetermined Rule 10b5-1 plan following RSU vesting, the market impact is expected to be minimal.
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