Form 4: DigitalOcean Director Warren Jenson Acquires and Disposes of Shares

Director Warren Jenson acquired shares of DigitalOcean Holdings, Inc. through restricted stock units and disposed of existing shares.

Summary

• On June 6, 2024, Warren Jenson, a director of DigitalOcean Holdings, Inc., acquired 5,417 shares of common stock through restricted stock units (RSUs).
• These RSUs were granted as part of the company's non-employee director compensation policy.
• The number of RSUs was calculated by dividing $200,000 by $36.92, which is the average closing price of DigitalOcean's common stock over the 10 trading days leading up to the grant date.
• The shares underlying the RSUs will vest on the earlier of June 6, 2025, or the date of the company's 2025 annual stockholders' meeting, contingent upon continuous service.
• Jenson also disposed of 5,417 shares of common stock.
• Following these transactions, Jenson beneficially owns 22,286 shares of DigitalOcean.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to director compensation. There are no explicit positive or negative implications for the company's performance.

Positives

• The grant of RSUs aligns the director's interests with the company's performance and shareholder value.

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 Form 4 filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.

Comparison to Industry Standards

• Director compensation packages, including RSU grants, are common practice among publicly traded companies to align director interests with shareholder value.
• The vesting schedule of one year or until the next annual meeting is a typical arrangement.
• Companies like Amazon, Microsoft, and Google also utilize RSU grants as part of their director compensation packages.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director stock ownership.
• It aligns the director's interests with those of the shareholders.

Key Dates