Carly D. Brantz - Feb 21, 2023 Form 4 Insider Report for DigitalOcean Holdings, Inc. (DOCN)

Role: Chief Marketing Officer
Signature: /s/ Seth Zelnick, Attorney-in-Fact
Stock symbol: DOCN
Transactions as of: Feb 21, 2023
Transactions value $: -$2,990,942
Form type: 4
Date filed: 2/21/2023, 05:55 PM
Previous filing: Dec 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DOCN	Common Stock	Options Exercise	$672K	+100K	+120.81%	$6.72^*	183K	Feb 21, 2023	Direct
transaction	DOCN	Common Stock	Sale	-$3.66M	-106K	-58.22%	$34.42	76.4K	Feb 21, 2023	Direct	F1

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	-100K	-24.68%	$0.00	305K	Feb 21, 2023	Common Stock	100K	$6.72	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in several transactions at prices ranging from $34.00-$35.45, 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 (1) to this Form 4.
F2	One fourth of the shares underlying this option vested and became exercisable on January 1, 2021, and the remaining shares underlying this option vest in 36 equal monthly installments beginning on February 1, 2021, subject to the Reporting Person's continuous service with the Issuer on each such date.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in several transactions at prices ranging from $34.00-$35.45, 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 (1) to this Form 4.

One fourth of the shares underlying this option vested and became exercisable on January 1, 2021, and the remaining shares underlying this option vest in 36 equal monthly installments beginning on February 1, 2021, subject to the Reporting Person's continuous service with the Issuer on each such date.