Form 4: DigitalOcean Director Amy Butte Sells Shares Under 10b5-1 Trading Plan

Director Amy Butte sold 3,760 shares of DigitalOcean Holdings, Inc. common stock at an average price of $36.80 on February 26, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On February 26, 2024, Amy Butte, a director of DigitalOcean Holdings, Inc., sold 3,760 shares of common stock.
• The sale was executed at a weighted average price of $36.80 per share, with individual transaction prices ranging from $36.38 to $37.23.
• The transaction was conducted under a Rule 10b5-1 trading plan previously established by Ms. Butte.
• Following the sale, Ms. Butte directly owns 36,220 shares and indirectly owns shares through Plato Partners LLC.
• Ms. Butte disclaims beneficial ownership of the shares held by Plato Partners LLC except to the extent of her pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, as it's a factual disclosure of a transaction.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company directors and officers, allowing investors to monitor potential alignment or misalignment of interests between management and shareholders. The use of a 10b5-1 trading plan suggests that the sales were pre-planned and not based on any material non-public information.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the relatively small volume of shares sold.

Key Dates