DigitalOcean CFO sells 10,000 shares in planned trade
DigitalOcean Holdings, Inc. Chief Financial Officer Matt Steinfort reported two stock transactions.
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Rhea-AI Filing Summary
DigitalOcean Holdings, Inc. Chief Financial Officer Matt Steinfort reported two stock transactions. On June 2, 2026, he completed an open-market sale of 10,000 shares of common stock at an average price of $170.07 per share under a pre-arranged Rule 10b5-1 trading plan. On June 1, 2026, 25,151 shares were withheld by the company at $155.95 per share to cover his tax obligations related to vesting restricted stock units, which is not an open-market sale. After these transactions, Steinfort directly holds 538,414 shares of DigitalOcean common stock.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $170.07 | $1.70M |
| Exercise Price or Tax Liability | Common Stock | 25,151 | $155.95 | $3.92M |
Footnotes (3)
- F1. The transaction reported represents the withholding of shares by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the non-reportable vesting and settlement of restricted stock units.
- F2. The amount reported includes shares acquired under the Issuer's Employee Stock Purchase Plan in a transaction that was exempt from reporting pursuant to Rule 16a-3(f)(1)(i)(B).
- F3. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
restricted stock units financial
Employee Stock Purchase Plan financial
tax-withholding disposition financial
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What insider transactions did DigitalOcean (DOCN) CFO Matt Steinfort report?
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