Form 4: DigitalOcean Executive Bratin Saha Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Bratin Saha, Chief Product & Tech Officer of DigitalOcean Holdings, Inc., disposed of 2,694 shares of common stock on July 17, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On July 17, 2024, Bratin Saha, the Chief Product & Tech Officer of DigitalOcean Holdings, Inc., disposed of 2,694 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units.
- The shares were disposed of at a price of $34.72 per share.
- Following the transaction, Saha directly owns 419,302 shares of DigitalOcean Holdings, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is related to tax obligations and doesn't necessarily indicate a positive or negative outlook on the company's performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is related to tax obligations and may not reflect a change in Saha's overall confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 07/17/2024 | Date of transaction: Bratin Saha disposed of 2,694 shares of DigitalOcean common stock. |
| 07/18/2024 | Date of signature: Form 4 signed by Seth Zelnick, Attorney-in-Fact. |
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