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 of restricted stock units.
Summary
- On June 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 $37.47 per share.
- Following the transaction, Adelman beneficially owns 64,629 shares of DigitalOcean common stock directly.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (tax obligation fulfillment) and doesn't indicate any significant positive or negative sentiment. It's a neutral reporting event.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax obligation fulfillment related to vested equity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of the transaction where shares were withheld to cover tax obligations. |
| 06/14/2024 | Date of signature for the Form 4 filing. |
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