[144] DigitalOcean Holdings, Inc. SEC Filing
Form 144 notice to sell 23,333 shares of common stock through Fidelity Brokerage on 08/28/2025, with an aggregate market value of $776,655.50. The filing reports 91,037,498 shares outstanding. The securities were acquired via an option granted on 09/12/2019 and show an acquisition/transfer date of 08/28/2025, with payment listed as cash. The filing also discloses prior sales by Plato Partners LLC totaling 82,084 shares for gross proceeds of $2,569,279.79 across six trades in June and August 2025. The issuer name and several filer contact fields are not provided in the visible content, so identifying the specific issuer details beyond the ticker DOCN is not possible from this document alone.
- Clear disclosure of planned sale details including broker, number of shares, market value, and sale date
- Acquisition method is specified (option granted 09/12/2019) and payment is stated as cash, indicating a completed exercise transaction
- Recent sales by Plato Partners LLC are itemized with dates and proceeds, providing transparency on related-party activity
- Issuer name and filer contact fields are not provided in the visible content, limiting identification of the issuer beyond the ticker
- Significant affiliated selling: Plato Partners LLC sold 82,084 shares for $2,569,279.79 in the past three months, which may signal ongoing disposition by insiders or affiliates
Insights
TL;DR: Insider exercise and planned sale is small relative to outstanding shares; recent affiliated selling is noticeable.
The form documents a proposed sale of 23,333 shares valued at $776,655.50, representing approximately 0.0256% of the reported 91,037,498 shares outstanding, indicating limited dilution or market impact from this single notice. Acquisition via an option granted on 09/12/2019 and same-day cash payment suggests routine exercise and disposition. However, affiliated transactions by Plato Partners LLC totaling 82,084 shares and $2,569,279.79 in proceeds over three months could be interpreted by investors as ongoing selling pressure from related parties. Overall impact is neutral to market liquidity for the issuer based on the quantities disclosed.
TL;DR: Disclosure is compliant but missing issuer contact details in the visible text; prior related-party sales are material to governance review.
The filing appears to follow Rule 144 disclosure requirements by reporting the class, broker, number of shares, market value, acquisition method, and recent related sales. The omission of the issuer name and filer contact details in the provided text limits complete governance assessment and stakeholder tracing. The multiple recent sales by Plato Partners LLC totaling 82,084 shares warrant attention for potential insider or affiliate exit patterns, which is relevant for governance oversight and insider-trading policy reviews. Impact on governance assessment is neutral to slightly negative given the rate of recent sales, but further issuer-identifying information is required for definitive conclusions.