DigitalOcean (DOCN) accounting chief sells 4,456 shares
Rhea-AI Filing Summary
DigitalOcean Holdings, Inc. executive Cherie Barrett, SVP and Chief Accounting Officer, reported a sale of 4,456 shares of common stock of DOCN on 2026-08-13 at a price of $132.37 per share. After this open-market transaction, Barrett directly holds 65,487 shares of DigitalOcean common stock. The filing states that the sale was effected pursuant to a previously adopted Rule 10b5-1 trading plan.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 4,456 shares
Net Sell
1 txn
Insider
Barrett Cherie
Role
SVP, Chief Accounting Officer
Sold
4,456 shs ($590K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 4,456 | $132.37 | $590K |
Holdings After Transaction:
Common Stock — 65,487 shares (Direct)
Footnotes (1)
- F1. 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
Shares sold: 4,456 shares
Sale price per share: $132.37 per share
Shares owned after transaction: 65,487 shares
+2 more
5 metrics
Shares sold
4,456 shares
Common stock sale on 2026-08-13 reported on Form 4
Sale price per share
$132.37 per share
Price for the 4,456 DOCN shares sold on 2026-08-13
Shares owned after transaction
65,487 shares
Directly held DOCN common stock following the reported sale
Net shares sold in filing
4,456 shares
Net sell direction according to transaction summary
Sell transactions in filing
1
Single reported sale transaction of common stock
Key Terms
Rule 10b5-1 trading plan, open market or private transaction, beneficially owned, Common Stock
4 terms
Rule 10b5-1 trading plan regulatory
"The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open market or private transaction market
"Sale in open market or private transaction"
beneficially owned financial
"total shares following transaction represents shares beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did DigitalOcean (DOCN) report for Cherie Barrett?
DigitalOcean reported that Cherie Barrett, SVP and Chief Accounting Officer, sold 4,456 DOCN shares on 2026-08-13. The transaction was reported as a sale of common stock in the open market or a private transaction.
Was Cherie Barrett’s DOCN stock sale under a Rule 10b5-1 trading plan?
Yes, the Form 4 states the sale was made under a Rule 10b5-1 trading plan. A footnote explains the transaction was effected pursuant to a previously adopted pre-arranged trading plan by the reporting person.
What role does Cherie Barrett hold at DigitalOcean (DOCN) in this Form 4?
Cherie Barrett is identified as SVP, Chief Accounting Officer of DigitalOcean Holdings, Inc. The Form 4 lists her as an officer of the company and reports her direct ownership and the recent sale of DOCN common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.