DigitalOcean CEO sells 5,697 shares under plan
DigitalOcean’s CEO reported a 5,697-share open-market sale under a Rule 10b5-1 plan plus 14,786 shares withheld for taxes on RSU vesting.
Rhea-AI Filing Summary
DigitalOcean Holdings, Inc. (DOCN) reported that Chief Executive Officer and director Srinivasan Padmanabhan T sold 5,697 shares of common stock on September 3, 2026 at $105.73 per share in an open-market transaction effected under a previously adopted Rule 10b5-1 trading plan.
Separately, on September 1, 2026, 14,786 shares of common stock were withheld by DigitalOcean to satisfy the CEO's tax withholding obligations arising from the non-reportable vesting and settlement of restricted stock units. Post-transaction share holdings are not stated in this report.
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Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2 | 5,697 | $105.73 | $602K |
| Tax Withholding | Common Stock F1 | 14,786 | $110.59 | $1.64M |
Footnotes (2)
- 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 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
tax withholding obligations financial
non-derivative financial
FAQ
What insider transactions did DigitalOcean (DOCN) disclose for its CEO in this Form 4?
Were the DigitalOcean (DOCN) CEO’s stock sales made under a Rule 10b5-1 trading plan?
What types of securities are involved in the DigitalOcean (DOCN) CEO’s Form 4 transactions?
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