DigitalOcean exec has 17,507 shares withheld
DigitalOcean’s chief product & tech officer reported company share withholdings to cover tax obligations from RSU vesting, not open-market stock sales.
Rhea-AI Filing Summary
DigitalOcean Holdings, Inc. (DOCN) reported that Chief Product & Tech Officer Vinay S. Kumar had company-withheld share dispositions to cover taxes tied to restricted stock unit vesting. On June 30, 2026, 16,702 common shares were withheld at $149.86 per share, and on September 1, 2026, 805 shares were withheld at $110.69 per share. The company states these were payments of tax withholding obligations rather than open-market sales, and notes the June 30 transaction was reported late due to an administrative error.
Positive
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Negative
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Insights
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Insider Trade Summary
Tax Withholding: 17,507 shares
Tax Withholding
2 txns
Insider
Kumar Vinay S.
Role
Chief Product & Tech Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F2 | 805 | $110.69 | $89K |
| Tax Withholding | Common Stock F1 | 16,702 | $149.86 | $2.50M |
Holdings After Transaction:
Common Stock — 294,931 shares (Direct)
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. This transaction is being reported late due to an administrative error.
- F2. 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.
Key Figures
Shares withheld for taxes (June 30, 2026): 16,702 shares
Per-share withholding price (June 30, 2026): $149.86 per share
Shares withheld for taxes (September 1, 2026): 805 shares
+2 more
5 metrics
Shares withheld for taxes (June 30, 2026)
16,702 shares
Common stock withheld to satisfy tax withholding obligations from RSU vesting
Per-share withholding price (June 30, 2026)
$149.86 per share
Price used for tax-withholding disposition of 16,702 shares
Shares withheld for taxes (September 1, 2026)
805 shares
Common stock withheld to satisfy tax withholding obligations from RSU vesting
Per-share withholding price (September 1, 2026)
$110.69 per share
Price used for tax-withholding disposition of 805 shares
Total shares for exercise-price-or-tax-liability transactions
17,507 shares
Aggregate shares in two code F tax-withholding dispositions
Key Terms
restricted stock units, withholding of shares, tax withholding obligations, reported late
4 terms
restricted stock units financial
"in connection with the non-reportable vesting and settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"to satisfy the Reporting Person's tax withholding obligations"
reported late regulatory
"This transaction is being reported late due to an administrative error"
FAQ
What insider transactions did DOCN disclose for Vinay S. Kumar in this Form 4?
The filing reports two dispositions where DigitalOcean withheld shares of common stock to satisfy Vinay S. Kumar’s tax withholding obligations arising from the vesting and settlement of restricted stock units, rather than open-market purchases or sales.
Were the DigitalOcean (DOCN) insider transactions open-market sales?
No. Both transactions are described as withholding of shares by the issuer to cover Vinay S. Kumar’s tax withholding obligations from restricted stock unit vesting, not open-market sales or discretionary trading.
Was any DigitalOcean (DOCN) insider transaction reported late in this Form 4?
Yes. The footnote states that the June 30, 2026 withholding of 16,702 shares was reported late because of an administrative error, even though it arose from RSU vesting and settlement.
AI-generated analysis. How Rhea-AI works. Not financial advice.