Yancey L. Spruill - Nov 20, 2023 Form 4 Insider Report for DigitalOcean Holdings, Inc. (DOCN)

Signature
/s/ Seth Zelnick, Attorney-in-Fact
Stock symbol
DOCN
Transactions as of
Nov 20, 2023
Transactions value $
-$16,803,618
Form type
4
Date filed
11/22/2023, 04:31 PM
Previous filing
Nov 16, 2023
Next filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCN Common Stock Options Exercise $4.6M +820K +19.53% $5.61 5.02M Nov 20, 2023 Direct
transaction DOCN Common Stock Sale -$13M -452K -9% $28.76 4.57M Nov 20, 2023 Direct F1, F2
transaction DOCN Common Stock Options Exercise $1.58M +282K +6.18% $5.61 4.85M Nov 21, 2023 Direct
transaction DOCN Common Stock Sale -$4.32M -150K -3.09% $28.89 4.7M Nov 21, 2023 Direct F1, F3
transaction DOCN Common Stock Options Exercise $3.17M +565K +12.02% $5.61 5.26M Nov 22, 2023 Direct
transaction DOCN Common Stock Sale -$8.83M -310K -5.88% $28.52 4.95M Nov 22, 2023 Direct F1, 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 -820K -49.2% $0.00 847K Nov 20, 2023 Common Stock 820K $5.61 Direct F5
transaction DOCN Stock Option (Right to Buy) Options Exercise $0 -282K -33.31% $0.00 565K Nov 21, 2023 Common Stock 282K $5.61 Direct F5
transaction DOCN Stock Option (Right to Buy) Options Exercise $0 -565K -100% $0.00* 0 Nov 22, 2023 Common Stock 565K $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 transaction reported consists of shares sold by the Reporting Person to cover the Reporting Person's exercise price and tax obligations in connection with the option exercise disclosed in Table II.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in several transactions at prices ranging from $28.51-$29.00, 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 The price reported in Column 4 is a weighted average price. These shares were sold in several transactions at prices ranging from $28.51-$29.34, 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 $28.33-$28.69, 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.