DigitalOcean (DOCN) SVP Barrett reports 3,005-share tax withholding, holds 69,299 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DigitalOcean Holdings, Inc. SVP and Chief Accounting Officer Cherie Barrett reported a tax-related share disposition. On June 1, 2026, the company withheld 3,005 shares of common stock at $155.95 per share to cover her tax withholding obligations from the vesting of restricted stock units. After this non-market, tax-withholding transaction, Barrett directly held 69,299 shares of DigitalOcean common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Barrett Cherie
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,005 | $155.95 | $469K |
Holdings After Transaction:
Common Stock — 69,299 shares (Direct, null)
Footnotes (1)
- 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 amount reported includes shares acquired under the Issuer's Employee Stock Purchase Plan in a transaction that was exempt from reporting pursuant to Rule 16a-3(f)(1)(i)(B).
Key Figures
Shares withheld for taxes: 3,005 shares
Withholding price per share: $155.95 per share
Shares held after transaction: 69,299 shares
+1 more
4 metrics
Shares withheld for taxes
3,005 shares
Tax withholding from RSU vesting on June 1, 2026
Withholding price per share
$155.95 per share
Value applied to withheld shares for tax obligations
Shares held after transaction
69,299 shares
Direct ownership after tax-withholding disposition
Tax-withholding transactions
1 transaction, 3,005 shares
Summary of F-code tax-withholding activity
Key Terms
restricted stock units, tax withholding obligations, Employee Stock Purchase Plan, Rule 16a-3(f)(1)(i)(B)
4 terms
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
"withholding of shares by the Issuer to satisfy the Reporting Person's tax withholding obligations"
Employee Stock Purchase Plan financial
"includes shares acquired under the Issuer's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16a-3(f)(1)(i)(B) regulatory
"exempt from reporting pursuant to Rule 16a-3(f)(1)(i)(B)"
FAQ
What insider transaction did DigitalOcean (DOCN) report for Cherie Barrett?
DigitalOcean reported a tax-withholding disposition for SVP and Chief Accounting Officer Cherie Barrett. The company withheld 3,005 common shares to satisfy tax obligations arising from the vesting and settlement of restricted stock units, rather than an open-market stock sale.
Was the DigitalOcean (DOCN) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. It reflects 3,005 shares withheld by DigitalOcean to cover Cherie Barrett’s tax withholding obligations tied to vested restricted stock units, a routine, non-market mechanism rather than a discretionary sale of shares.