DigitalOcean (NYSE: DOCN) CFO trims stake with 25,000-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DigitalOcean Holdings, Inc. Chief Financial Officer Matt Steinfort sold shares of the company’s Common Stock in an open-market transaction. On 2026-05-15, he sold 25,000 shares at a weighted average price of $152.50 per share, leaving him with 573,272 shares owned directly.
According to a footnote, the sale prices for these shares ranged from $152.19 to $153.20 per share, and the weighted average price reflects several individual trades within this range.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 25,000 shares ($3,812,500)
Net Sell
1 txn
Insider
Steinfort Matt
Role
Chief Financial Officer
Sold
25,000 shs ($3.81M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 25,000 | $152.50 | $3.81M |
Holdings After Transaction:
Common Stock — 573,272 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 25,000 shares
Weighted average sale price: $152.50 per share
Shares owned after transaction: 573,272 shares
+2 more
5 metrics
Shares sold
25,000 shares
Open-market sale of Common Stock on May 15, 2026
Weighted average sale price
$152.50 per share
Price for 25,000 shares sold on May 15, 2026
Shares owned after transaction
573,272 shares
Directly owned Common Stock following the sale
Sale price range low
$152.19 per share
Lowest execution price within reported sale range
Sale price range high
$153.20 per share
Highest execution price within reported sale range
Key Terms
weighted average price, open-market sale, Common Stock, beneficially owned
4 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.
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.
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.
beneficially owned financial
"total_shares_following_transaction": "573272.0000""
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.
FAQ
What did DigitalOcean (DOCN) CFO Matt Steinfort report in this Form 4?
CFO Matt Steinfort reported selling 25,000 shares of DigitalOcean Common Stock in an open-market transaction. The sale occurred on May 15, 2026, and was executed at a weighted average price of $152.50 per share, based on multiple trades that day.
What type of transaction did the DigitalOcean (DOCN) CFO execute?
The filing classifies the transaction as an open-market sale of Common Stock, coded “S” on the Form 4. This indicates shares were sold in market or private transactions rather than acquired through option exercises, grants, or other non-market mechanisms.