Form 4: DigitalOcean Director Warren Jenson Acquires Shares Through Restricted Stock Units

Director Warren Jenson acquired 317 shares of DigitalOcean Holdings, Inc. through restricted stock units (RSUs) on September 30, 2024.

Summary

• On September 30, 2024, Warren Jenson, a director of DigitalOcean Holdings, Inc., acquired 317 shares of common stock through the granting of restricted stock units (RSUs).
• The RSUs were granted in lieu of quarterly retainer fees, as per the issuer's non-employee director compensation policy.
• The price per share used to calculate the number of RSUs was $41.34, which is 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 total value of the RSUs granted was $13,125.
• Following the transaction, Jenson directly owns 22,989 shares of DigitalOcean's common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (RSU grant) for director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with shareholders.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Director share acquisitions are common and often tied to compensation packages, aligning director interests with shareholder value. This transaction is typical for director compensation in publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include equity grants like RSUs to align their interests with shareholders, a common practice among publicly traded companies.
• The valuation method using the average closing price over a period is a standard approach for determining the grant price of equity awards.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment, indicating confidence in the company's performance.

Key Dates