Tourmaline files Form 144 to sell DOCN shares
Tourmaline Partners, LLC filed a Form 144 to report proposed sales of Common Stock of DigitalOcean Holdings, Inc. The filing lists a sequence of historical pre-IPO secondary market purchases by an affiliate, with multiple dated lot sizes.
Rhea-AI Filing Summary
Tourmaline Partners, LLC filed a Form 144 to report proposed sales of Common Stock of DigitalOcean Holdings, Inc. The filing lists a sequence of historical pre-IPO secondary market purchases by an affiliate, with multiple dated lot sizes. Examples include purchases of 724,074 shares on 01/08/2020 and 745,303 shares on 02/19/2020
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Insights
Form 144 notifies market regulators of an affiliate's intent to sell previously acquired Common Stock.
The filing lists many dated acquisitions described as Pre-IPO Secondary Market Purchase, showing the provenance and lot sizes of the shares being registered for sale. The listing documents purchase dates and share counts for numerous lots dated between 2015 and 2020.
Cash‑flow treatment is not specified in the excerpt; subsequent public disclosures or broker records will show timing and method of actual sales.
Key Figures
Key Terms
Form 144 regulatory
Pre-IPO Secondary Market Purchase market
Series B Preferred Stock financial
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