ALAN SHAPIRO - 01 Mar 2023 Form 4 Insider Report for DigitalOcean Holdings, Inc. (DOCN)

Role
General Counsel
Signature
/s/ Seth Zelnick, Attorney-in-Fact
Issuer symbol
DOCN
Transactions as of
01 Mar 2023
Net transactions value
-$108,092
Form type
4
Filing time
03 Mar 2023, 16:03:17 UTC
Previous filing
21 Feb 2023
Next filing
02 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCN Common Stock Award $0 +30,932 +14% $0.000000 258,281 01 Mar 2023 Direct F1
transaction DOCN Common Stock Tax liability $108,092 -3,380 -1.3% $31.98 254,901 01 Mar 2023 Direct F2
* 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.