DigitalOcean SVP sells 22,000 shares under 10b5-1 plan
DigitalOcean Holdings senior vice president and chief accounting officer Cherie Barrett reported several stock transactions.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 22,000 | $54.77 | $1.20M |
| Exercise Price or Tax Liability | Common Stock | 3,032 | $56.06 | $170K |
| Grant/Award | Common Stock | 5,704 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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.
- 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.
- F3. The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
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