Form 4: DigitalOcean Director Hilary Schneider Reports Stock Transactions

Director Hilary Schneider acquired 5,417 restricted stock units (RSUs) and disposed of 18,277 shares of common stock in DigitalOcean Holdings, Inc.

Summary

• On June 6, 2024, Hilary Schneider, a director of DigitalOcean Holdings, Inc., reported transactions involving the company's stock.
• Schneider acquired 5,417 restricted stock units (RSUs) at a price of $0.
• These RSUs were granted under the Issuer's non-employee director compensation policy.
• Each RSU represents a contingent right to receive one share of DigitalOcean's common stock.
• The number of RSUs was calculated by dividing $200,000 by $36.92, the average closing price of DigitalOcean's common stock over the 10 trading days prior to the grant date.
• The RSUs will vest on the earlier of June 6, 2025, or the date of the Issuer's 2025 annual stockholders' meeting, contingent upon continuous service.
• Schneider also disposed of 18,277 shares of common stock.
• Following these transactions, Schneider beneficially owns 18,277 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment.

Future Outlook

The shares underlying the RSUs will vest on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the Issuer's 2025 annual stockholders' meeting, subject to the Reporting Person's continuous service with the Issuer through the applicable vesting date.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

• The disclosure of stock transactions by a director provides transparency to shareholders.

Key Dates