Form 4: DigitalOcean Director Pueo Keffer Reports Stock Transactions

Director Pueo Keffer reports acquisition and disposal of DigitalOcean Holdings, Inc. stock related to restricted stock units.

Summary

• On June 6, 2024, Pueo Keffer, a director of DigitalOcean Holdings, Inc., reported transactions involving the company's common stock.
• Keffer acquired 5,417 shares of common stock through restricted stock units (RSUs) granted under the company's non-employee director compensation policy.
• The RSUs were granted based on a valuation of $36.92 per share, calculated as the average closing price over the 10 trading days prior to the grant date.
• Keffer also disposed of 17,576 shares.
• The RSUs will vest on the earlier of June 6, 2025, or the date of the company's 2025 annual stockholders' meeting, contingent upon continued service as a director.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment to the company.

Future Outlook

The director's holdings will change upon vesting of the RSUs, contingent on continued service.

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 into the holdings and transactions of key personnel.

Stakeholder Impact

• Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company.

Key Dates