Form 4: DigitalOcean CFO Matt Steinfort Reports Share Transaction
SEC Form 4 Filing
Matt Steinfort, CFO of DigitalOcean Holdings, Inc., reports a transaction involving the withholding of shares to cover tax obligations and shares acquired through the Employee Stock Purchase Plan.
Summary
- On June 1, 2024, DigitalOcean Holdings, Inc. CFO Matt Steinfort reported a transaction.
- The transaction involved the withholding of 15,768 shares of common stock at a price of $37.05 to cover tax obligations related to the vesting and settlement of restricted stock units and performance-based restricted stock units.
- Steinfort also reported acquiring shares under the company's Employee Stock Purchase Plan.
- Following the reported transaction, Steinfort beneficially owns 587,917 shares of DigitalOcean common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, reflecting neutral sentiment. It reports routine transactions related to tax obligations and employee stock purchase plans.
Positives
- The reporting person acquired shares under the Issuer's Employee Stock Purchase Plan.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about insider transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of the reported transaction involving share withholding for tax obligations and ESPP acquisition. |
| 06/04/2024 | Date of signature for the Form 4 filing. |
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