Form 4: DigitalOcean Executive Chairman Warren Adelman Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Warren Adelman, Executive Chairman of DigitalOcean Holdings, Inc., reports the withholding of shares to cover tax obligations related to the vesting and settlement of restricted stock units.
Summary
- On August 12, 2024, Warren J Adelman, Executive Chairman of DigitalOcean Holdings, Inc., had 2,391 shares of common stock withheld by the issuer to satisfy tax obligations.
- The shares were withheld at a price of $32.57 per share.
- Following the transaction, Adelman beneficially owns 59,847 shares of DigitalOcean common stock directly.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral in sentiment. It provides transparency into insider transactions, which is generally viewed positively.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, ensuring fair market practices.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 08/12/2024 | Date of share withholding transaction. |
| 08/14/2024 | Date of signature for the report. |
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