DigitalOcean CEO sells $1.6M in company stock
DigitalOcean’s CEO reported a Rule 10b5-1 planned sale of 11,394 shares at $140, leaving him with 751,423 shares directly held.
Rhea-AI Filing Summary
DigitalOcean Holdings, Inc. (DOCN) reported that Chief Executive Officer and director Srinivasan Padmanabhan T sold 11,394 shares of common stock on September 21, 2026 in an open-market or private transaction at $140.00 per share. Following this sale, he directly holds 751,423 shares of DigitalOcean common stock. The sale was effected under a previously adopted Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 11,394 shares
Net Sell
1 txn
Insider
Srinivasan Padmanabhan T
Role
Chief Executive Officer
Sold
11,394 shs ($1.60M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 11,394 | $140.00 | $1.60M |
Holdings After Transaction:
Common Stock — 751,423 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: 11,394 shares
Sale price per share: $140.00 per share
Shares held after transaction: 751,423 shares
3 metrics
Shares sold
11,394 shares
Common stock sold by the CEO on September 21, 2026
Sale price per share
$140.00 per share
Price for the September 21, 2026 sale of 11,394 shares
Shares held after transaction
751,423 shares
Direct holdings of the CEO following the reported sale
Key Terms
Rule 10b5-1 trading plan, open market or private transaction
2 terms
Rule 10b5-1 trading plan regulatory
"The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person."
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 financial
"Sale in open market or private transaction"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did DOCN report for its CEO on this Form 4?
DigitalOcean reported that its CEO, Srinivasan Padmanabhan T, sold 11,394 shares of common stock on September 21, 2026 in an open-market or private transaction at $140.00 per share.
Was the DOCN CEO’s September 2026 stock sale under a Rule 10b5-1 plan?
Yes. The filing states that the sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.
Is this Form 4 transaction for DOCN a purchase or a sale by the insider?
This Form 4 reports a sale of DigitalOcean common stock by the insider, specifically an open-market or private sale of 11,394 shares by the CEO.
AI-generated analysis. How Rhea-AI works. Not financial advice.