[144] DigitalOcean Holdings, Inc. SEC Filing
DigitalOcean Holdings, Inc. (DOCN) filed a Form 144 disclosing a proposed sale of 13,010 common shares through Fidelity Brokerage Services on the NYSE with an aggregate market value of $414,628.70, against ~91,037,498 shares outstanding. The filing shows those securities were acquired as restricted stock vesting on 06/01/2025 (1,313 shares) and 09/01/2025 (11,697 shares) as compensation. The filer also reported two sales in June 2025 totaling 45,002 shares for gross proceeds of $1,326,344.25. The notice includes the standard representation that the seller is unaware of undisclosed material adverse information.
- Transparent disclosure of proposed sale details including broker, number of shares, and aggregate market value
- Securities were acquired via restricted stock vesting, indicating the shares originated from compensation rather than external purchases
- Filer affirms no knowledge of undisclosed material adverse information, aligning with compliance expectations
- Recent insider sales in June 2025 totaled 45,002 shares for $1,326,344.25, which could add short-term selling supply (though small versus outstanding shares)
Insights
TL;DR: Insider plans modest sale from vested restricted stock; recent June sales were larger but represent a small fraction of shares outstanding.
The proposed sale of 13,010 shares (~0.014% of outstanding shares) and prior June disposals totaling 45,002 shares are disclosed. Shares acquired were from restricted stock vesting and paid as compensation, indicating these are routine insider liquidity events rather than financing or distressed dispositions. The aggregate dollar values are explicit in the filing and show the transactions occurred through a broker on the NYSE. For investors, this is a transparency event with limited standalone informational impact on company fundamentals.
TL;DR: Filing demonstrates compliance with Rule 144 and standard insider disclosure; no indication of material undisclosed information.
The Form 144 provides required details: acquisition dates, nature (restricted stock vesting), broker, planned sale date, and prior sales with gross proceeds. The signer affirms no known material nonpublic information. From a governance perspective, timely disclosure of planned and recent sales reflects adherence to reporting obligations and helps limit regulatory risk. There is no information in the filing indicating policy breaches or undisclosed adverse developments.