DigitalOcean (DOCN) CEO sale under 10b5-1 leaves 783K shares
Rhea-AI Filing Summary
DigitalOcean Holdings, Inc. (DOCN) reported that Chief Executive Officer and director Srinivasan Padmanabhan T sold 5,697 shares of common stock on August 17, 2026 in an open-market or private transaction at a price of $129.11 per share. The transaction was effected pursuant to a previously adopted Rule 10b5-1 trading plan. Following this sale, he directly holds 783,300 shares of DigitalOcean common stock.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 5,697 shares
Net Sell
1 txn
Insider
Srinivasan Padmanabhan T
Role
Chief Executive Officer
Sold
5,697 shs ($736K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 5,697 | $129.11 | $736K |
Holdings After Transaction:
Common Stock — 783,300 shares (Direct)
Footnotes (1)
- F1. 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: 5,697 shares
Sale price per share: $129.11 per share
Shares held after transaction: 783,300 shares
+2 more
5 metrics
Shares sold
5,697 shares
Common Stock sale on August 17, 2026 by CEO Srinivasan Padmanabhan T
Sale price per share
$129.11 per share
Price for the 5,697-share Common Stock sale on August 17, 2026
Shares held after transaction
783,300 shares
Direct Common Stock holdings of the CEO following the sale
Net shares sold in filing
5,697 shares
Transaction summary net buy/sell shares reported as net-sell
Number of sale transactions
1 transaction
Single reported non-derivative sale of Common Stock in this Form 4
Key Terms
Rule 10b5-1 trading plan, open market or private transaction, reporting person
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.
open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
reporting person regulatory
"previously adopted by the Reporting Person"
FAQ
What insider transaction did DOCN report for CEO Srinivasan Padmanabhan T?
DigitalOcean (DOCN) reported that CEO Srinivasan Padmanabhan T sold 5,697 shares of common stock. The sale occurred on August 17, 2026 as an open-market or private transaction at $129.11 per share under a Rule 10b5-1 trading plan.
Was the DOCN CEO’s August 2026 stock sale under a Rule 10b5-1 plan?
Yes. The reported sale of 5,697 DOCN shares by CEO Srinivasan Padmanabhan T was effected under a Rule 10b5-1 trading plan. A footnote states the plan was previously adopted by the reporting person before the transaction date.
How many DOCN insider sales are reported in this Form 4 filing?
This Form 4 reports one insider sale transaction for DigitalOcean (DOCN). The transaction summary shows a sell count of 1 and total 5,697 shares sold, with no reported purchases, exercises, gifts, or derivative transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.