DigitalOcean director sells 20K shares after option exercise
DigitalOcean Holdings director Jenson Warren exercised options and sold shares on the same day.
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Form Type
4
Rhea-AI Filing Summary
DigitalOcean Holdings director Jenson Warren exercised options and sold shares on the same day. He exercised stock options to acquire 20,000 shares of common stock at an exercise price of $19.47 per share, then sold 20,000 shares in an open-market sale at a weighted average price of $147.62 per share, with individual sale prices ranging from $147.37 to $148.16. After these transactions, he directly holds 32,497 shares of common stock.
Insider Trade Summary
Exercise and Sale: 20,000 shares ($2.56M approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
JENSON WARREN
Role
Director
Sold
20,000 shs ($2.95M)
Approx. gross sale proceeds
$2.95M
Approx. exercise cost
$389K
Approx. pre-tax spread
$2.56M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 20,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,000 | $19.47 | $389K |
| Sale | Common Stock | 20,000 | $147.62 | $2.95M |
Holdings After Transaction:
Stock Option (Right to Buy) — 80,000 contracts (Direct);
Common Stock — 32,497 shares (Direct)
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in several transactions at prices ranging from $147.37-$148.16 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2. The shares underlying this option vest in 48 equal monthly installments beginning on January 9, 2021, subject to the Reporting Person's continuous service with the Issuer on each such date.
Key Figures
Shares sold: 20,000 shares
Weighted average sale price: $147.62/share
Sale price range: $147.37–$148.16/share
+4 more
7 metrics
Shares sold
20,000 shares
Open-market sale of common stock
Weighted average sale price
$147.62/share
Open-market sale on 2026-05-19
Sale price range
$147.37–$148.16/share
Individual trade prices within reported sale
Options exercised
20,000 shares
Stock options converted to common stock
Option exercise price
$19.47/share
Exercise price for stock option (right to buy)
Shares held after transactions
32,497 shares
Direct common stock ownership post-transaction
Net share change
-20,000 shares
Net sell direction from transaction summary
Key Terms
weighted average price, Stock Option (Right to Buy), derivative security, open-market sale, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
vest in 48 equal monthly installments financial
"The shares underlying this option vest in 48 equal monthly installments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did DigitalOcean (DOCN) director Jenson Warren report?
Director Jenson Warren reported exercising options for 20,000 DigitalOcean shares at $19.47 and selling 20,000 shares in an open-market transaction at a weighted average price of $147.62, leaving him with 32,497 shares held directly.
What stock options did Jenson Warren exercise in this DigitalOcean (DOCN) Form 4?
He exercised stock options covering 20,000 underlying shares of DigitalOcean common stock at an exercise price of $19.47 per share. A related footnote states these option shares vest in 48 equal monthly installments beginning on January 9, 2021, subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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