Harold Matthew Norman - Mar 1, 2023 Form 4 Insider Report for DigitalOcean Holdings, Inc. (DOCN)

Signature
/s/ Seth Zelnick, Attorney-in-Fact
Stock symbol
DOCN
Transactions as of
Mar 1, 2023
Transactions value $
-$157,860
Form type
4
Date filed
3/3/2023, 04:03 PM
Previous filing
Dec 2, 2022
Next filing
May 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCN Common Stock Award $0 +25.1K +16.16% $0.00 180K Mar 1, 2023 Direct F1
transaction DOCN Common Stock Tax liability -$43.9K -1.37K -0.76% $31.98 179K Mar 1, 2023 Direct F2
transaction DOCN Common Stock Sale -$114K -3.58K -2% $31.83 175K Mar 2, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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, 2023, subject to the Reporting Person's continuous service with the Issuer as of the applicable vesting date.
F2 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 RSUs and performance-based restricted stock units.
F3 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in several transactions at prices ranging from $31.00-$32.27, 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.