William G. Sorenson - Mar 1, 2022 Form 4 Insider Report for DigitalOcean Holdings, Inc. (DOCN)

Role: Chief Financial Officer
Signature: /s/ Seth Zelnick, Attorney-in-Fact
Stock symbol: DOCN
Transactions as of: Mar 1, 2022
Transactions value $: -$2,438,290
Form type: 4
Date filed: 3/3/2022, 04:38 PM
Previous filing: Feb 24, 2022
Next filing: Mar 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DOCN	Common Stock	Tax liability	-$779K	-13.1K	-9.41%	$59.32	126K	Mar 1, 2022	Direct	F1
transaction	DOCN	Common Stock	Award	$0	+25.3K	+19.99%	$0.00	152K	Mar 1, 2022	Direct	F2
transaction	DOCN	Common Stock	Options Exercise	$168K	+30K	+19.77%	$5.61^*	182K	Mar 2, 2022	Direct
transaction	DOCN	Common Stock	Sale	-$1.83M	-30K	-16.51%	$60.92	152K	Mar 2, 2022	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	-30K	-2.73%	$0.00	1.07M	Mar 2, 2022	Common Stock	30K	$5.61	Direct	F4

* 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 $60.12-$61.88, 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 shares underlying this option vest in 48 equal monthly installments beginning on September 13, 2019, subject to the Reporting Person's continuous service with the Issuer on each such date.