Alan Shapiro - Mar 1, 2022 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
Mar 1, 2022
Transactions value $
-$2,849,960
Form type
4
Date filed
3/3/2022, 04:38 PM
Previous filing
Feb 24, 2022
Next filing
Jun 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCN Common Stock Tax liability -$679K -11.5K -5.17% $59.32 210K Mar 1, 2022 Direct F1
transaction DOCN Common Stock Award $0 +15.2K +7.24% $0.00 225K Mar 1, 2022 Direct F2
transaction DOCN Common Stock Options Exercise $240K +85.5K +38% $2.81 311K Mar 2, 2022 Direct
transaction DOCN Common Stock Options Exercise $21.4K +6.25K +2.01% $3.43 317K Mar 2, 2022 Direct
transaction DOCN Common Stock Options Exercise $27.2K +5.21K +1.64% $5.23 322K Mar 2, 2022 Direct
transaction DOCN Common Stock Sale -$1.43M -23.5K -7.31% $60.89 299K Mar 2, 2022 Direct F3
transaction DOCN Common Stock Sale -$1.03M -16.9K -5.66% $60.68 282K Mar 2, 2022 Direct F4

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 -85.5K -100% $0.00* 0 Mar 2, 2022 Common Stock 85.5K $2.81 Direct F5
transaction DOCN Stock Option (Right to buy) Options Exercise $0 -6.25K -9.29% $0.00 61K Mar 2, 2022 Common Stock 6.25K $3.43 Direct F6
transaction DOCN Stock Option (Right to buy) Options Exercise $0 -5.21K -4.17% $0.00 120K Mar 2, 2022 Common Stock 5.21K $5.23 Direct F7
* 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 and performance-based restricted stock units.
F2 The security represents restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of common stock of the Issuer. The shares underlying these RSUs vest in 16 equal quarterly installments, commencing on June 1, 2022, subject to the Reporting Person's continuous service with the Issuer as of the applicable vesting date.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in several transactions at prices ranging from $60.03-$61.89, 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 The price reported in Column 4 is a weighted average price. These shares were sold in several transactions at prices ranging from $60.03-$61.10, 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 (4) to this Form 4.
F5 One fourth of the shares underlying this option vested and became exercisable on May 31, 2018, and the remaining shares underlying this option vested in 36 equal monthly installments beginning on June 30, 2018, subject to the Reporting Person's continuous service with the Issuer on each such date.
F6 One fourth of the shares underlying this option vested and became exercisable on March 1, 2019, and the remaining shares underlying this option vested 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.
F7 The shares underlying this option vest in 48 equal monthly installments beginning on July 6, 2019, subject to the Reporting Person's continuous service with the Issuer on each such date.