DigitalOcean officer has 498 shares withheld for tax
DigitalOcean Holdings, Inc. reported a Form 4 for Chief Product & Tech Officer Vinay S. Kumar showing a tax-related share disposition.
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Rhea-AI Filing Summary
DigitalOcean Holdings, Inc. reported a Form 4 for Chief Product & Tech Officer Vinay S. Kumar showing a tax-related share disposition. On this date, 498 shares of common stock were withheld by the company to cover his tax obligations from the vesting of restricted stock units. After this withholding, he directly holds 312,438 shares of DigitalOcean common stock. This event reflects a compensation-related tax withholding rather than an open-market trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 498 | $155.95 | $78K |
Footnotes (1)
- 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.
Key Figures
Key Terms
restricted stock units financial
tax withholding obligations financial
tax-withholding disposition financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did DigitalOcean (DOCN) report for Vinay S. Kumar?
Was the DigitalOcean (DOCN) insider transaction an open-market sale or purchase?
What does the F transaction code mean in the DigitalOcean (DOCN) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.