Jeffrey Scott Guy - 14 Aug 2023 Form 4 Insider Report for DigitalOcean Holdings, Inc. (DOCN)

Signature
/s/ Seth Zelnick, Attorney-in-Fact
Issuer symbol
DOCN
Transactions as of
14 Aug 2023
Net transactions value
-$172,740
Form type
4
Filing time
16 Aug 2023, 17:23:22 UTC
Previous filing
11 Jul 2023
Next filing
23 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCN Common Stock Options Exercise $40,320 +6,000 +4.2% $6.72* 150,262 14 Aug 2023 Direct
transaction DOCN Common Stock Sale $213,060 -6,000 -4% $35.51 144,262 14 Aug 2023 Direct F1, F2

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 -6,000 -1.7% $0.000000 348,240 14 Aug 2023 Common Stock 6,000 $6.72 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person prior to February 27, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in several transactions at prices ranging from $35.20-$35.70, 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 (2) to this Form 4.
F3 One fourth of the shares underlying this option vested and became exercisable on February 18, 2021, and the remaining shares underlying this option vest in 36 equal monthly installments beginning on March 18, 2021, subject to the Reporting Person's continuous service with the Issuer on each such date.