Form 4: DigitalOcean CRO's Stock Transaction for Tax Obligations Revealed in Latest SEC Filing

DigitalOcean's Chief Revenue Officer, Lawrence M. D'Angelo, reported the disposition of 16,159 shares of common stock at $28.3 per share on June 1, 2025, solely to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Lawrence M. D'Angelo, Chief Revenue Officer of DigitalOcean Holdings, Inc. (DOCN), reported a transaction on June 1, 2025.
• The transaction involved the disposition of 16,159 shares of DigitalOcean common stock.
• The shares were disposed of at a price of $28.3 per share.
• This disposition was specifically for the purpose of satisfying tax withholding obligations in connection with the vesting and settlement of restricted stock units, and was not a discretionary sale by the officer.
• Following this transaction, Mr. D'Angelo beneficially owns 141,822 shares of DigitalOcean common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding event related to restricted stock unit vesting and does not indicate a discretionary sale or change in management's view of the company, thus having a neutral sentiment.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider's stock transaction, specifically related to compensation and tax obligations. It does not provide broader industry context or trends within the cloud infrastructure or technology sector.

Stakeholder Impact

• Shareholders: No direct impact on company operations or strategy; represents a routine tax-related disposition of shares by an executive, which is a common aspect of executive compensation plans.

Key Dates

Keywords

DigitalOcean, DOCN, SEC Form 4, Insider Transaction, Stock Ownership, Chief Revenue Officer, Lawrence D'Angelo, Restricted Stock Units, Tax Withholding