[144] DigitalOcean Holdings, Inc. SEC Filing
DigitalOcean Holdings, Inc. (DOCN) insiders filed a Form 144 proposing the sale of 31,000 common shares through Morgan Stanley Smith Barney with an aggregate market value of $984,250, with an approximate sale date of 08/13/2025 on the NYSE. The filing reports 91,037,498 shares outstanding for context. The shares to be sold were acquired by previously exercised options on 04/05/2021 (6,000), 04/14/2021 (5,000) and 11/03/2021 (20,000).
The notice also discloses recent sales in the prior three months: PLATO PARTNERS LLC sold 16,417 shares for gross proceeds of $500,391.81 on 08/11/2025, and Amy Butte sold 5,417 shares for $157,418.00 on 06/09/2025. The filer affirms no knowledge of undisclosed material adverse information and references Rule 10b5-1 trading plan language.
- Clear disclosure of the broker and proposed sale amount, supporting market transparency
- Acquisition history provided (dates and amounts) showing the shares originated from exercised options
- Prior three-month sales disclosed with exact gross proceeds, enhancing context for recent insider activity
- Filer's representation that no undisclosed material adverse information is known, and mention of Rule 10b5-1 language
- Insider selling of 31,000 shares may be viewed negatively by some investors even though it's disclosed
- Recent sales by related parties (PLATO PARTNERS LLC and Amy Butte) could raise questions about insider liquidity needs
Insights
TL;DR: Routine Form 144 filing showing a planned insider sale of 31,000 shares worth ~$984k; recent related sales were disclosed.
The filing documents a proposed sale executed through a broker and provides acquisition dates tied to exercised options, enabling clear tracing of insider holdings. The disclosure of prior sales by two named sellers within the past three months adds transparency about recent liquidity events. This is a standard regulatory notice rather than an operational disclosure; it reports quantities, acquisition dates, and gross proceeds without additional company performance data.
TL;DR: Transparent insider reporting with explicit acquisition history and recent sales; governance controls appear to be followed per the notice.
The Form 144 includes specific broker details, acquisition methods (previously exercised options) and explicit prior three-month sales, which supports compliance with disclosure obligations. The signer’s representation about absence of undisclosed material adverse information and the mention of Rule 10b5-1 procedures are standard governance elements. The filing contains no evidence of restrictions lifting or other corporate governance changes.