Yancey L. Spruill - Nov 14, 2023 Form 4 Insider Report for DigitalOcean Holdings, Inc. (DOCN)

Signature
/s/ Seth Zelnick, Attorney-in-Fact
Stock symbol
DOCN
Transactions as of
Nov 14, 2023
Transactions value $
-$10,344,784
Form type
4
Date filed
11/16/2023, 04:30 PM
Previous filing
Sep 1, 2023
Next filing
Nov 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCN Common Stock Sale -$2.87M -107K -3.36% $26.83 3.08M Nov 14, 2023 Direct F1
transaction DOCN Common Stock Options Exercise $1.51M +270K +8.78% $5.61 3.35M Nov 14, 2023 Direct
transaction DOCN Common Stock Sale -$2.49M -93.4K -2.79% $26.63 3.25M Nov 14, 2023 Direct F2, F3
transaction DOCN Common Stock Options Exercise $8.37M +1.49M +45.86% $5.61 4.75M Nov 15, 2023 Direct
transaction DOCN Common Stock Sale -$14.9M -546K -11.52% $27.22 4.2M Nov 15, 2023 Direct F2, F4

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 -270K -7.87% $0.00 3.16M Nov 14, 2023 Common Stock 270K $5.61 Direct F5
transaction DOCN Stock Option (Right to Buy) Options Exercise $0 -1.49M -47.23% $0.00 1.67M Nov 15, 2023 Common Stock 1.49M $5.61 Direct F5
* 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 $26.32-$27.17, 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 The transaction reported consists of shares sold by the Reporting Person to cover the Reporting Person's exercise price and/or tax obligations in connection with the option exercise disclosed in Table II.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in several transactions at prices ranging from $26.25-$27.10, 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 price reported in Column 4 is a weighted average price. These shares were sold in several transactions at prices ranging from $26.56-$27.59, 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.
F5 One fourth of the shares underlying this option vested and became exercisable on August 13, 2020, and the remaining shares underlying this option vested in 36 equal monthly installments beginning on September 13, 2020, subject to the Reporting Person's continuous service with the Issuer on each such date.