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., reported the withholding of 1,535 shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- On April 12, 2024, Warren J Adelman, Executive Chairman of DigitalOcean Holdings, Inc., reported a transaction involving common stock.
- The transaction involved the withholding of 1,535 shares to satisfy tax obligations related to the vesting and settlement of restricted stock units.
- The shares were withheld by the issuer at a price of $36.48 per share.
- Following the transaction, Adelman beneficially owns 69,041 shares of DigitalOcean common stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing related to tax obligations, so it's neutral to slightly positive as it reflects standard compensation practices.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
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 |
|---|---|
| 04/12/2024 | Date of the transaction involving the withholding of shares. |
| 04/15/2024 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.