Form 4: DigitalOcean Director Keffer Pueo Acquires Shares Through Routine RSU Grant

DigitalOcean Holdings, Inc. Director Pueo Keffer acquired 558 shares of common stock through a restricted stock unit grant on June 30, 2025, as part of non-employee director compensation.

Summary

• Pueo Keffer, a Director of DigitalOcean Holdings, Inc. (DOCN), acquired 558 shares of common stock.
• The acquisition occurred on June 30, 2025, and was in the form of Restricted Stock Units (RSUs).
• Each RSU represents a contingent right to receive one share of common stock.
• The RSUs were granted in lieu of quarterly retainer fees, valued at $15,625.
• The number of RSUs was calculated by dividing $15,625 by $27.97, which was the average closing price of DigitalOcean's common stock on the NYSE for the 10 trading days prior to and ending on the grant date.
• The shares underlying these RSUs are fully vested as of the date of grant.
• Following this transaction, Pueo Keffer beneficially owns 38,313 shares of DigitalOcean common stock.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as it indicates a director's increased equity stake, aligning their interests with shareholders. However, it's a routine compensation event rather than a discretionary purchase, limiting its overall positive impact on sentiment.

Positives

• The acquisition of shares by a director, even as compensation, increases their equity stake and aligns their interests more closely with those of shareholders.
• The grant is part of a structured non-employee director compensation policy, indicating a clear and transparent approach to executive remuneration.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

The granting of restricted stock units (RSUs) to non-employee directors as part of their compensation is a common practice across various industries, including the technology sector, to align director interests with long-term shareholder value.

Comparison to Industry Standards

• The practice of compensating non-employee directors with equity, such as RSUs, is a standard corporate governance practice aimed at aligning the interests of the board with shareholders. Companies like Microsoft, Google (Alphabet), and Amazon frequently use equity grants as a significant component of their non-employee director compensation packages.
• The specific value of the grant ($15,625) and the number of shares (558) are specific to DigitalOcean's compensation policy and stock price, but the mechanism is consistent with broader industry benchmarks for director remuneration.

Corporate Governance

Related Party Transactions

• The acquisition of 558 shares by Director Pueo Keffer through an RSU grant is a related-party transaction, as it involves a transaction between the company and one of its directors.

Stakeholder Impact

• Shareholders: The transaction increases the director's ownership stake, potentially enhancing alignment between the board's interests and shareholder value.

Key Dates

Keywords

DigitalOcean, DOCN, Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Compensation, Equity Grant, Share Acquisition