DigitalOcean (DOCN) CEO files Form 4 for RSU tax withholding shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DigitalOcean Holdings, Inc. reported a routine insider transaction by its Chief Executive Officer and director. On 12/01/2025, 11,566 shares of common stock were disposed of at a price of $44.52 per share, identified with transaction code F, which indicates shares withheld to cover taxes. After this transaction, the reporting person beneficially owned 682,128 shares of common stock directly. The company notes that the shares were withheld to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units, rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Srinivasan Padmanabhan T
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 11,566 | $44.52 | $515K |
Holdings After Transaction:
Common Stock — 682,128 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did DigitalOcean (DOCN) disclose in this Form 4?
The filing reports that the Chief Executive Officer and director had 11,566 shares of DigitalOcean common stock withheld on 12/01/2025 in a transaction coded F, which reflects tax withholding related to restricted stock units.
Was the DigitalOcean (DOCN) Form 4 transaction an open-market sale?
No. The explanation states that the transaction reflects withholding of shares by the issuer to satisfy the reporting person’s tax withholding obligations tied to vesting and settlement of restricted stock units.
What does transaction code F mean in the DigitalOcean (DOCN) Form 4?
Transaction code F indicates a transaction where shares are withheld by the issuer to pay taxes due on the vesting or exercise of equity awards, such as restricted stock units.
What is the role of the reporting person in DigitalOcean (DOCN)?
The reporting person is identified as both a Director and an Officer, serving as the company’s Chief Executive Officer.