Form 4: DigitalOcean Director Amy Butte Reports Stock Transactions

Director Amy Butte reports acquisition of restricted stock units and sale of common stock in DigitalOcean Holdings, Inc.

Summary

• Amy Butte, a director of DigitalOcean Holdings, Inc., reported acquiring 5,417 restricted stock units (RSUs) on June 6, 2024, at a price of $0.
• These RSUs were granted under the company's non-employee director compensation policy and will vest on the earlier of the first anniversary of the grant date or the date of the Issuer's 2025 annual stockholders' meeting.
• Butte also reported selling 5,220 shares of common stock on June 7, 2024, at a weighted average price of $37.46.
• Following these transactions, Butte directly owns 0 shares and indirectly owns 36,417 shares through Plato Partners LLC.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the trading activities of company directors. It is common practice for directors to have Rule 10b5-1 trading plans in place to manage their stock sales.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The use of Rule 10b5-1 trading plans is a common method for corporate insiders to sell shares without raising concerns about insider trading.
• The reported transactions are typical for directors receiving stock-based compensation and managing their personal investment portfolios.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the director's stock sale, but the overall impact is likely minimal given the relatively small volume of shares traded.

Key Dates