Form 4: DigitalOcean Director Hilary Schneider Acquires Restricted Stock Units

Director Hilary Schneider acquired 382 restricted stock units of DigitalOcean Holdings, Inc. on March 31, 2024, at a price of $39.22 per share.

Summary

• On March 31, 2024, Hilary Schneider, a director of DigitalOcean Holdings, Inc., acquired 382 restricted stock units (RSUs).
• The price per share was $39.22.
• The RSUs were granted in lieu of quarterly retainer fees, according to the issuer's non-employee director compensation policy.
• The total value of the RSUs granted is $15,000, calculated by dividing $15,000 by the average closing price of DigitalOcean's common stock over the 10 trading days leading up to the grant date.
• As of the transaction, Schneider beneficially owns 12,860 shares of DigitalOcean common stock directly.
• The shares underlying the RSUs are fully vested as of the grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock acquisition by a director, which doesn't inherently indicate positive or negative sentiment about the company's performance.

Positives

• A director's acquisition of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
• The RSUs are fully vested immediately, aligning the director's interests with those of the shareholders.

Industry Context

Form 4 filings are routine disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. These filings provide transparency to the market and allow investors to track insider activity, which can sometimes offer insights into a company's prospects.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding insider transactions.

Key Dates