Form 4: DigitalOcean Executive Bratin Saha Reports Stock Transactions

Bratin Saha, Chief Product & Tech Officer at DigitalOcean Holdings, Inc., reported the disposition of shares to cover tax obligations and a sale under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On December 17, 2024, Bratin Saha, Chief Product & Tech Officer of DigitalOcean Holdings, Inc., had 3,565 shares withheld by the issuer to cover tax obligations related to the vesting of restricted stock units.
• The price per share for the tax withholding was $37.77.
• Following this transaction, Saha directly owned 383,263 shares of common stock.
• On December 18, 2024, Saha sold 3,468 shares of DigitalOcean common stock at a price of $38.18 per share.
• This sale was executed under a pre-arranged Rule 10b5-1 trading plan.
• After the sale, Saha directly owned 379,795 shares of common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock transactions by an executive, which are routine and expected.

Industry Context

Executive stock transactions are a normal part of corporate governance and are publicly disclosed to ensure transparency. The use of a 10b5-1 trading plan indicates that the sales were pre-planned and not based on insider information at the time of the transactions.

Key Dates