DigitalOcean (NYSE: DOCN) CAO sells 22,000 shares, receives PSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DigitalOcean Holdings senior vice president and chief accounting officer Cherie Barrett reported several stock transactions. She received 5,704 shares of common stock as a grant tied to performance-based restricted stock units, which will continue to vest over time starting March 1, 2026. She then had 3,032 shares withheld by the company to cover taxes from a separate restricted stock unit vesting. Finally, she executed an open-market sale of 22,000 common shares at an average price of $54.77 per share under a pre-arranged Rule 10b5-1 trading plan, leaving her directly holding 62,469 shares of DigitalOcean common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 22,000 shares ($1,204,940)
Net Sell
3 txns
Insider
Barrett Cherie
Role
SVP, Chief Accounting Officer
Sold
22,000 shs ($1.20M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 22,000 | $54.77 | $1.20M |
| Tax Withholding | Common Stock | 3,032 | $56.06 | $170K |
| Grant/Award | Common Stock | 5,704 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 62,469 shares (Direct)
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.
FAQ
What insider transactions did DOCN executive Cherie Barrett report?
Cherie Barrett reported three transactions: a grant of 5,704 DigitalOcean shares, a tax-withholding disposition of 3,032 shares, and an open-market sale of 22,000 common shares, all affecting her direct ownership position in the company.
What performance-based award did the DigitalOcean CAO receive?
Cherie Barrett received 5,704 shares tied to performance-based restricted stock units, reflecting achievement of DigitalOcean’s 2025 financial performance goals. These shares remain subject to time-based vesting through March 1, 2026 and in eight equal quarterly installments starting June 1, 2026.