DigitalOcean CFO sells 10,000 shares at $105.73
DigitalOcean’s CFO had shares withheld for taxes and sold additional stock under a pre-arranged Rule 10b5-1 trading plan.
Rhea-AI Filing Summary
DigitalOcean Holdings, Inc. (DOCN) reported that its Chief Financial Officer, Matt Steinfort, disposed of common stock in two separate Form 4 events. On September 1, 2026, 25,151 shares were withheld by the company to satisfy his tax withholding obligations upon vesting of restricted stock units. On September 3, 2026, he sold 10,000 shares of common stock at $105.73 per share in a sale effected pursuant to a previously adopted Rule 10b5-1 trading plan.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 10,000 shares
Net Sell
2 txns
Insider
Steinfort Matt
Role
Chief Financial Officer
Sold
10,000 shs ($1.06M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2 | 10,000 | $105.73 | $1.06M |
| Tax Withholding | Common Stock F1 | 25,151 | $110.69 | $2.78M |
Holdings After Transaction:
Common Stock — 503,692 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.
- F2. 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: 10,000 shares
Sale price per share: $105.73 per share
Shares withheld for taxes: 25,151 shares
+1 more
4 metrics
Shares sold
10,000 shares
Common stock sale on September 3, 2026 by the CFO
Sale price per share
$105.73 per share
Price for 10,000-share sale on September 3, 2026
Shares withheld for taxes
25,151 shares
Shares withheld on September 1, 2026 to satisfy tax withholding obligations
Tax withholding reference price
$110.69 per share
Reference price for 25,151-share tax withholding disposition on September 1, 2026
Key Terms
Rule 10b5-1 trading plan, restricted stock units, tax withholding obligations
3 terms
Rule 10b5-1 trading plan regulatory
"The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"
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.
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 in connection with"
FAQ
What insider transactions did DigitalOcean (DOCN) disclose for CFO Matt Steinfort?
DigitalOcean disclosed that CFO Matt Steinfort had 25,151 shares withheld on September 1, 2026 to cover tax obligations from vesting RSUs, and separately sold 10,000 shares on September 3, 2026 at $105.73 per share under a previously adopted Rule 10b5-1 trading plan.
Were DigitalOcean (DOCN) insider sales made under a Rule 10b5-1 trading plan?
Yes. The Form 4 states that the 10,000-share sale on September 3, 2026 was effected pursuant to a previously adopted Rule 10b5-1 trading plan, indicating the transaction followed a pre-arranged trading schedule.
Did the Form 4 state the CFO’s DigitalOcean (DOCN) holdings after these transactions?
No. For both the 25,151-share tax withholding on September 1, 2026 and the 10,000-share sale on September 3, 2026, the Form 4 does not state a total number of DigitalOcean shares held following the transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.