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DigitalOcean officer plans $1.06M stock sale

DigitalOcean Holdings, Inc. (DOCN) received a notice that officer Matt Steinfort intends to sell 10,000 shares of common stock under Rule 144 through Fidelity Brokerage Services LLC.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

DigitalOcean Holdings, Inc. (DOCN) received a notice that officer Matt Steinfort intends to sell 10,000 shares of common stock under Rule 144 through Fidelity Brokerage Services LLC. The planned sale corresponds to an aggregate market value of $1,057,300 and references 117,579,550 shares outstanding of common stock.

The shares to be sold are expected to come from restricted stock vesting on September 1, 2026, with the acquisition described as compensation. The notice indicates a proposed sale date of September 3, 2026 on the NYSE.

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Planned shares to be sold 10,000 shares Common stock to be sold by officer Matt Steinfort under Rule 144
Aggregate market value of planned sale $1,057,300 Value associated with 10,000 shares of common stock in the notice
Shares outstanding 117,579,550 shares Common shares outstanding referenced in the Form 144
Vesting date of restricted stock September 1, 2026 Date the restricted stock underlying the planned sale is scheduled to vest
Proposed sale date September 3, 2026 Planned date of sale for the 10,000 shares on the NYSE
Shares to be sold from compensation 10,000 shares Restricted stock to be acquired as compensation and then sold
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock financial
"Common | 09/01/2026 | Restricted Stock Vesting | Issuer"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
attorney-in-fact regulatory
"as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What does the Form 144 filing disclose for DOCN?

The filing discloses that officer Matt Steinfort intends to sell 10,000 shares of DigitalOcean common stock under Rule 144 through Fidelity Brokerage Services LLC, with the shares tied to restricted stock vesting on September 1, 2026.

How many DOCN shares are planned to be sold under this Form 144?

The notice states a proposed sale of 10,000 shares of DigitalOcean Holdings, Inc. common stock. These shares are associated with restricted stock vesting and are to be sold through Fidelity Brokerage Services LLC under Rule 144.

What is the aggregate market value of the DOCN shares indicated in the Form 144?

The filing lists an aggregate market value of $1,057,300 for the 10,000 shares of DigitalOcean common stock proposed to be sold, as part of the Rule 144 notice for officer Matt Steinfort.

When are the DOCN restricted shares expected to vest and be sold?

The document states the restricted stock vests on September 1, 2026, acquired as compensation. The proposed sale date for the 10,000 shares under Rule 144 is listed as September 3, 2026, with trading on the NYSE.

Who is the broker and signatory involved in the DOCN Form 144 filing?

The broker listed is Fidelity Brokerage Services LLC. The notice is signed by /s/ Jennifer Ruchti as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact for William M. (Matt) Steinfort.

What share count context does the Form 144 provide for DOCN?

The Form 144 references 117,579,550 shares outstanding of DigitalOcean common stock. This figure provides context for the 10,000-share planned sale under Rule 144, which will be executed on the NYSE.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature