Form 4: DigitalOcean Director Keffer Pueo Acquires Shares Through Restricted Stock Units

Director Keffer Pueo acquired 295 shares of DigitalOcean Holdings, Inc. through restricted stock units (RSUs) in lieu of quarterly retainer fees.

Summary

• On September 30, 2024, Keffer Pueo, a director of DigitalOcean Holdings, Inc., acquired 295 shares of common stock.
• The acquisition was made through restricted stock units (RSUs) granted in lieu of quarterly retainer fees.
• The price per share was $41.34, based on the average closing price of DigitalOcean's common stock on the NYSE for the 10 trading days prior to and ending on the date of grant.
• The RSUs are fully vested as of the date of grant.
• Following the transaction, Keffer Pueo directly owns 30,027 shares of DigitalOcean Holdings, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction with no apparent negative implications. The director's acquisition of shares can be seen as a positive sign of confidence in the company.

Positives

• The acquisition of shares by a director signals confidence in the company's future.
• The use of RSUs in lieu of cash retainer fees conserves company cash.

Future Outlook

There is no specific future outlook provided in this document.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive equity compensation as part of their overall compensation package.

Comparison to Industry Standards

• Equity compensation for board members is a common practice across the tech industry.
• Companies like Amazon, Microsoft, and Google also use stock options and RSUs to compensate their directors.
• The amount of equity granted to Keffer Pueo appears to be in line with industry standards for non-employee director compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals director confidence.
• The use of RSUs impacts the company's cash flow by reducing the need for cash compensation.

Key Dates