DigitalOcean (NYSE: DOCN) CFO sells 20,000 shares under 10b5-1 plan
Rhea-AI Filing Summary
DigitalOcean Holdings, Inc. Chief Financial Officer Matt Steinfort reported several equity transactions involving the company’s common stock. On February 27, 2026, he acquired 67,223 shares at $0.00 per share through a grant tied to achievement of 2025 performance-based restricted stock units, which will continue to vest over time starting March 1, 2026 and then in eight quarterly installments beginning June 1, 2026.
On March 1, 2026, 32,470 shares at $56.06 per share were withheld by the company to cover his tax obligations on vested restricted stock units. On March 3, 2026, he executed an open-market sale of 20,000 shares at $55.40 per share under a pre-established Rule 10b5-1 trading plan, leaving him with 545,916 shares held directly after the sale.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,000 | $55.40 | $1.11M |
| Tax Withholding | Common Stock | 32,470 | $56.06 | $1.82M |
| Grant/Award | Common Stock | 67,223 | $0.00 | -- |
Footnotes (1)
- The security represents the satisfaction of the performance-based vesting condition with respect to previously issued performance-based restricted stock units ("PSUs") based on the Issuer's 2025 financial performance. Each PSU represents a contingent right to receive one share of the Issuer's common stock. Under the terms of the PSUs, the degree of achievement of the PSUs was established upon certification of the achievement of the performance-based vesting criteria by the compensation committee of the board of directors based on the Issuer's 2025 financial results, and the number of shares reported reflects the extent of such achievement. The PSU remains subject to time-based vesting as follows: one third of the shares underlying the PSU shall vest on March 1, 2026, and the remaining shares underlying the PSU shall vest in eight equal quarterly installments beginning on June 1, 2026, subject to the Reporting Person's continuous service through each such vesting date. 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. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.