Form 4: DigitalOcean Executive Chairman Warren Adelman Sells Shares to Cover Tax Obligations

Warren Adelman, Executive Chairman of DigitalOcean Holdings, Inc., sold 2,391 shares of common stock on July 12, 2024, to cover tax withholding obligations related to the vesting and settlement of restricted stock units.

Summary

• On July 12, 2024, Warren J Adelman, the Executive Chairman of DigitalOcean Holdings, Inc., disposed of 2,391 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 sold at a price of $33.29 per share.
• Following the transaction, Adelman directly owns 62,238 shares of DigitalOcean common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax obligations) by an executive, which is neither particularly positive nor negative.

Industry Context

Executive stock sales are a common occurrence and can be for various reasons, including diversification, tax obligations, or personal financial planning. It's important to consider the context of the sale, such as the executive's overall holdings and the company's performance, to determine the significance of the transaction.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact.

Key Dates