Alan Shapiro - Dec 1, 2021 Form 4 Insider Report for DigitalOcean Holdings, Inc. (DOCN)

Role
General Counsel
Signature
/s/ Seth Zelnick, Attorney-in-Fact
Stock symbol
DOCN
Transactions as of
Dec 1, 2021
Transactions value $
-$3,496,879
Form type
4
Date filed
12/3/2021, 03:16 PM
Previous filing
Sep 24, 2021
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCN Common Stock Tax liability -$34.8K -345 -0.25% $100.81 140K Dec 1, 2021 Direct F1, F2
transaction DOCN Common Stock Options Exercise $62.6K +15K +10.75% $4.17 155K Dec 2, 2021 Direct
transaction DOCN Common Stock Options Exercise $85.8K +25K +16.18% $3.43 180K Dec 2, 2021 Direct
transaction DOCN Common Stock Sale -$3.61M -40K -22.28% $90.26 140K Dec 2, 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DOCN Stock Option (Right to Buy) Options Exercise $0 -15K -100% $0.00* 0 Dec 2, 2021 Common Stock 15K $4.17 Direct F4
transaction DOCN Stock Option (Right to Buy) Options Exercise $0 -25K -22.73% $0.00 85K Dec 2, 2021 Common Stock 25K $3.43 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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).
F3 The price reported in Column 4 is a weighted average price. These shares were sold in several transactions at prices ranging from $90.00-$91.43, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (3) to this Form 4.
F4 Immediately exercisable.
F5 One fourth of the shares underlying this option vested and became exercisable on March 1, 2019, and the remaining shares underlying this option vest in 36 equal monthly installments beginning on April 1, 2019, subject to the Reporting Person's continuous service with the Issuer on each such date.