DigitalOcean Chief Product & Tech Officer Disposes Shares for Tax Withholding
DigitalOcean Holdings, Inc.
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Filing Summary
š Form 4 Filed: DOCN (DigitalOcean Holdings, Inc.) š¤ Insider: Kumar Vinay S. (Chief Product & Tech Officer) š Action: Disposed (Tax Withholding - Code F) š Shares: 17,507 total shares withheld ($2.59M total value) š¼ Holdings After: 294,931 shares ā¹ļø Significance: Low (Routine Tax Obligation)
Comprehensive Analysis
Transaction Overview
On September 4, 2026, a Form 4 was filed for DigitalOcean Holdings, Inc. (NYSE: DOCN) reporting share dispositions by Vinay S. Kumar, the company's Chief Product & Tech Officer.
Transaction Details
-
June 30, 2026:
- Shares Withheld: 16,702 shares of Common Stock
- Price: $149.86 per share
- Value: $2,502,961.72
- Code:
F(Payment of exercise price or tax liability by delivering or withholding securities) - Note: Reported late due to an administrative error.
-
September 1, 2026:
- Shares Withheld: 805 shares of Common Stock
- Price: $110.69 per share
- Value: $89,105.45
- Code:
F(Tax withholding)
Following these transactions, Kumar retains direct ownership of 294,931 shares of DigitalOcean common stock.
Market & Trading Significance
- Trading Significance: Low
- Rationale: Both dispositions represent mandatory share withholdings by the issuer to cover tax obligations arising from the vesting of restricted stock units (RSUs), rather than discretionary open-market selling activity.
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