Access Industries (NYSE: DOCN) reports 21.04% beneficial stake in DigitalOcean

Rhea-AI Filing Summary

DigitalOcean Holdings, Inc. received an amended Schedule 13D from Access Industries affiliates and Len Blavatnik reporting updated ownership levels. The reporting persons now beneficially own 21,953,451 shares of common stock, representing 21.04% of the 104,364,181 shares outstanding as of April 30, 2026.

The filing notes that AI Droplet Holdings LLC sold an aggregate of 391,806 shares in open market transactions on May 7 and May 11, 2026, and distributed 23,688 shares to certain members for no consideration. Various Access-related entities hold the shares directly, while AIM, AIH and Len Blavatnik may be deemed beneficial owners through their control relationships, although they disclaim beneficial ownership except for the entities that directly hold the stock.

Key Figures

Beneficial ownership: 21,953,451 shares Ownership percentage: 21.04% Shares outstanding: 104,364,181 shares +5 more

8 metrics

Beneficial ownership 21,953,451 shares Shares of DigitalOcean common stock beneficially owned by reporting persons

Ownership percentage 21.04% Percent of DigitalOcean common stock class represented by 21,953,451 shares

Shares outstanding 104,364,181 shares DigitalOcean common shares issued and outstanding as of April 30, 2026

AI Droplet Holdings direct stake 21,657,187 shares Shares of DigitalOcean common stock owned directly by AI Droplet Holdings LLC

Open market sales 391,806 shares DigitalOcean shares sold by AI Droplet Holdings on May 7 and May 11, 2026

Member distribution 23,688 shares DigitalOcean shares distributed by AI Droplet Holdings to certain members for no consideration

AI Droplet Sharing direct stake 155,665 shares DigitalOcean shares owned directly by AI Droplet Sharing LLC

AI Droplet Subsidiary direct stake 140,599 shares DigitalOcean shares owned directly by AI Droplet Subsidiary LLC

Key Terms

beneficial ownership, Schedule 13D, open market transactions, disclaims beneficial ownership, +2 more

6 terms

beneficial ownership financial

"to report a change in the percentage of shares of common stock ... beneficially owned by the Reporting Persons"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Schedule 13D regulatory

"This amendment is filed by the Reporting Persons in accordance with Rule 13d-2 of the Securities Exchange Act of 1934"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

open market transactions financial

"Holdings sold an aggregate of 391,806 shares of Common Stock in open market transactions"

Open market transactions are the buying and selling of a company’s shares or other securities conducted on public exchanges or through the wider market rather than through private deals or negotiated placements. They matter to investors because these trades change supply and demand in real time—like shoppers affecting a store’s inventory—and so can move prices, signal management or investor sentiment, affect liquidity, and alter ownership stakes that influence future returns and risk.

disclaims beneficial ownership financial

"Each of the Reporting Persons (other than Holdings) ... disclaims beneficial ownership of these securities"

joint filing agreement regulatory

"99.10 Joint Filing Agreement, dated as of May 11, 2026"

sole voting power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: | 7 | Sole Voting Power"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)

DigitalOcean Holdings, Inc.

(Name of Issuer)

Common Stock, $0.000025 par value

(Title of Class of Securities)

25402D102

(CUSIP Number)

Alejandro Moreno
Access Industries, Inc., 40 West 57th St., 28th Floor
New York, NY, 10019
(212) 247-6400

Langhorne S. Perrow
Access Industries, Inc., 40 West 57th St., 28th Floor
New York, NY, 10019
(212) 247-6400

Nicholas P. Pellicani
Debevoise & Plimpton LLP, The Northcliffe, 28 Tudor Street
London, X0, EC4Y 0AY
44 20 7786 9000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

05/07/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 25402D102

1

Name of reporting person

Access Industries Management, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 21,953,451.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 21,953,451.00

11

Aggregate amount beneficially owned by each reporting person

21,953,451.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

21.04 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Row 13: All percentages of ownership of the Common Stock by Reporting Persons presented in this Statement are based on an aggregate of 104,364,181 shares of Common Stock issued and outstanding as of April 30, 2026, as disclosed in the Issuer's Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on May 5, 2026.

SCHEDULE 13D

CUSIP Number(s): 25402D102

1

Name of reporting person

Access Industries Holdings LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 155,665.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 155,665.00

11

Aggregate amount beneficially owned by each reporting person

155,665.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.15 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Row 13: All percentages of ownership of the Common Stock by Reporting Persons presented in this Statement are based on an aggregate of 104,364,181 shares of Common Stock issued and outstanding as of April 30, 2026, as disclosed in the Issuer's Form 10-Q filed with the SEC on May 5, 2026.

SCHEDULE 13D

CUSIP Number(s): 25402D102

1

Name of reporting person

AI Droplet Holdings LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 21,657,187.00
8	Shared Voting Power 140,599.00
9	Sole Dispositive Power 21,657,187.00
10	Shared Dispositive Power 140,599.00

11

Aggregate amount beneficially owned by each reporting person

21,797,786.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

20.89 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Row 13: All percentages of ownership of the Common Stock by Reporting Persons presented in this Statement are based on an aggregate of 104,364,181 shares of Common Stock issued and outstanding as of April 30, 2026, as disclosed in the Issuer's Form 10-Q filed with the SEC on May 5, 2026.

SCHEDULE 13D

CUSIP Number(s): 25402D102

1

Name of reporting person

AI Droplet Sharing LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 155,665.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 155,665.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

155,665.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.15 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Row 13: All percentages of ownership of the Common Stock by Reporting Persons presented in this Statement are based on an aggregate of 104,364,181 shares of Common Stock issued and outstanding as of April 30, 2026, as disclosed in the Issuer's Form 10-Q filed with the SEC on May 5, 2026.

SCHEDULE 13D

CUSIP Number(s): 25402D102

1

Name of reporting person

AI Droplet Subsidiary LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 140,599.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 140,599.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

140,599.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.13 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Row 13: All percentages of ownership of the Common Stock by Reporting Persons presented in this Statement are based on an aggregate of 104,364,181 shares of Common Stock issued and outstanding as of April 30, 2026, as disclosed in the Issuer's Form 10-Q filed with the SEC on May 5, 2026.

SCHEDULE 13D

CUSIP Number(s): 25402D102

1

Name of reporting person

Len Blavatnik

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 21,953,451.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 21,953,451.00

11

Aggregate amount beneficially owned by each reporting person

21,953,451.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

21.04 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Row 13: All percentages of ownership of the Common Stock by Reporting Persons presented in this Statement are based on an aggregate of 104,364,181 shares of Common Stock issued and outstanding as of April 30, 2026, as disclosed in the Issuer's Form 10-Q filed with the SEC on May 5, 2026.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.000025 par value
(b)	Name of Issuer: DigitalOcean Holdings, Inc.
(c)	Address of Issuer's Principal Executive Offices: 105 Edgeview Drive, Suite 425, Broomfield, COLORADO , 80021.
Item 1 Comment: This Amendment No. 5 to Schedule 13D is being filed by Access Industries Management, LLC ("AIM"), Access Industries Holdings LLC ("AIH"), AI Droplet Holdings LLC ("Holdings"), AI Droplet Sharing LLC ("Sharing"), AI Droplet Subsidiary LLC ("Subsidiary") and Len Blavatnik (collectively, the "Reporting Persons", and each, a "Reporting Person") to report a change in the percentage of shares of common stock, $0.000025 par value per share (the "Common Stock"), of DigitalOcean Holdings, Inc. (the "Issuer") beneficially owned by the Reporting Persons. The Schedule 13D filed by the Reporting Persons with the Securities and Exchange Commission (the "SEC") on April 5, 2021, as amended and supplemented by Amendment No. 1 to the Schedule 13D filed by the Reporting Persons with the SEC on November 8, 2022, Amendment No 2. to the Schedule 13D filed by the Reporting Persons with the SEC on July 12, 2023, Amendment No. 3 to the Schedule 13D filed by the Reporting Persons with the SEC on August 12, 2024 and Amendment No. 4 to the Schedule 13D filed by the Reporting Persons with the SEC on June 6, 2025 (the "Schedule") is hereby amended and supplemented by the Reporting Persons as set forth below in this Amendment No. 5. This amendment is filed by the Reporting Persons in accordance with Rule 13d-2 of the Securities Exchange Act of 1934, as amended, and refers only to information that has materially changed since the filing of the Schedule. The items identified below, or the particular paragraphs of such items which are identified below, are amended as set forth below. Unless otherwise indicated, all capitalized terms used and not defined herein have the respective meanings assigned to them in the Schedule.
Item 5.	Interest in Securities of the Issuer
(a)	The disclosure in Items 5(a) and (b) to the Schedule is hereby amended and restated as follows: (a) and (b) The responses of each of the Reporting Persons with respect to Rows 11, 12, and 13 of the cover pages of this Schedule 13D that relate to the aggregate number and percentage of Common Stock (including but not limited to footnotes to such information) are incorporated herein by reference.
(b)	The responses of each of the Reporting Persons with respect to Rows 7, 8, 9, and 10 of the cover pages of this Schedule 13D that relate to the number of Common Stock as to which each of the persons or entities referenced in Item 2 above has sole or shared power to vote or to direct the vote of and sole or shared power to dispose of or to direct the disposition of (including but not limited to footnotes to such information) are incorporated herein by reference.
(c)	On May 7, 2026 and May 11, 2026, Holdings sold an aggregate of 391,806 shares of Common Stock in open market transactions, the details of which are set forth on Annex A, filed as Exhibit 99.9 attached hereto and incorporated by reference. On May 11, 2026, Holdings distributed an aggregate of 23,688 shares of Common Stock to certain members of Holdings for no consideration.
(d)	21,657,187 shares of Common Stock are owned directly by Holdings and may be deemed to be beneficially owned by AIM and Len Blavatnik because (i) AIM is the sole manager of Holdings and (ii) Len Blavatnik controls AIM and a majority of the outstanding voting interests in Holdings. Each of the Reporting Persons (other than Holdings), and each of their affiliated entities and the officers, partners, members and managers thereof, disclaims beneficial ownership of these securities. 155,665 shares of Common Stock are owned directly by Sharing and may be deemed to be beneficially owned by AIM, AIH and Len Blavatnik because (i) AIM is the sole manager of Sharing and AIH, (ii) AIH controls all of the outstanding voting interests in Sharing and (iii) Len Blavatnik controls AIM and a majority of the outstanding voting interests in AIH. Each of the Reporting Persons (other than Sharing), and each of their affiliated entities and the officers, partners, members and managers thereof, disclaims beneficial ownership of these securities. 140,599 shares of Common Stock are owned directly by Subsidiary and may be deemed to be beneficially owned by AIM, Holdings and Len Blavatnik because (i) AIM is the sole manager of Subsidiary and Holdings, (ii) Holdings owns all of the equity interests in Subsidiary and (iii) Len Blavatnik controls AIM and a majority of the outstanding voting interests in Holdings. Each of the Reporting Persons (other than Subsidiary), and each of their affiliated entities and the officers, partners, members and managers thereof, disclaims beneficial ownership of these securities.
Item 7.	Material to be Filed as Exhibits.
	99.9 Annex A 99.10 Joint Filing Agreement, dated as of May 11, 2026

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Access Industries Management, LLC

Signature:	/s/ Alejandro Moreno
Name/Title:	Executive Vice President, General Counsel/Alejandro Moreno
Date:	05/11/2026

Access Industries Holdings LLC

Signature:	/s/ Alejandro Moreno
Name/Title:	By: Access Industries Management, LLC, its manager; its Executive Vice President, General Counsel/Alejandro Moreno
Date:	05/11/2026

AI Droplet Holdings LLC

Signature:	/s/ Alejandro Moreno
Name/Title:	By: Access Industries Management, LLC, its manager; its Executive Vice President, General Counsel/Alejandro Moreno
Date:	05/11/2026

AI Droplet Sharing LLC

Signature:	/s/ Alejandro Moreno
Name/Title:	By: Access Industries Management, LLC, its manager; its Executive Vice President, General Counsel/Alejandro Moreno
Date:	05/11/2026

AI Droplet Subsidiary LLC

Signature:	/s/ Alejandro Moreno
Name/Title:	By: Access Industries Management, LLC, its manager; its Executive Vice President, General Counsel/Alejandro Moreno
Date:	05/11/2026

Len Blavatnik

Signature:	*/s/ Alejandro Moreno
Name/Title:	By: Alejandro Moreno as Attorney-in-Fact
Date:	05/11/2026

Comments accompanying signature:

*The above signed, by signing his name hereto, executes this Amendment No. 5 to Schedule 13D pursuant to the Limited Power of Attorney executed on behalf of Mr. Blavatnik and filed herewith.

FAQ

What ownership stake in DigitalOcean (DOCN) does Access Industries now report?

Access Industries-related entities and Len Blavatnik report beneficial ownership of 21,953,451 DigitalOcean shares, equal to 21.04% of the common stock. This percentage is based on 104,364,181 shares outstanding as of April 30, 2026, from DigitalOcean’s Form 10-Q.

Which entities are the reporting persons in this DigitalOcean (DOCN) Schedule 13D/A?

The reporting persons are Access Industries Management, LLC, Access Industries Holdings LLC, AI Droplet Holdings LLC, AI Droplet Sharing LLC, AI Droplet Subsidiary LLC and Len Blavatnik. They jointly file to report their combined beneficial ownership in DigitalOcean’s common stock.

What recent share transactions did AI Droplet Holdings make in DigitalOcean (DOCN)?

AI Droplet Holdings LLC sold an aggregate of 391,806 DigitalOcean common shares in open market transactions on May 7 and May 11, 2026. On May 11, 2026, it also distributed 23,688 shares to certain members for no consideration, reducing its directly held position.

How many DigitalOcean (DOCN) shares does AI Droplet Holdings directly own after these changes?

AI Droplet Holdings LLC directly owns 21,657,187 shares of DigitalOcean common stock. These shares may be deemed beneficially owned by Access Industries Management, LLC and Len Blavatnik due to their control relationships, although they each disclaim beneficial ownership beyond the direct holding entity.

What share counts do AI Droplet Sharing and Subsidiary hold in DigitalOcean (DOCN)?

AI Droplet Sharing LLC directly owns 155,665 DigitalOcean shares, and AI Droplet Subsidiary LLC directly owns 140,599 shares. Through management and ownership structures, AIM, AIH, Holdings and Len Blavatnik may be deemed beneficial owners, while generally disclaiming beneficial ownership other than the direct holders.

On what share base is the 21.04% DigitalOcean (DOCN) ownership percentage calculated?

All ownership percentages in the filing use 104,364,181 DigitalOcean common shares issued and outstanding as of April 30, 2026. This total share count comes from DigitalOcean’s Form 10-Q filed with the SEC on May 5, 2026 and is referenced throughout the amendment.