Form 4: DigitalOcean Executive Chairman Warren J. Adelman Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Warren J. Adelman, Executive Chairman of DigitalOcean Holdings, Inc., reports the withholding of 2,021 shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- On May 12, 2024, Warren J. Adelman, the Executive Chairman of DigitalOcean Holdings, Inc., had 2,021 shares of common stock withheld by the issuer.
- This withholding was to satisfy Mr. Adelman's tax obligations related to the vesting and settlement of restricted stock units.
- Following the transaction, Mr. Adelman beneficially owns 67,020 shares of DigitalOcean common stock.
Sentiment
Score: 7
Explanation: The document reflects a neutral event (tax withholding) and doesn't indicate any positive or negative sentiment towards the company's performance or future prospects. It's a routine transaction.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, such as executives and directors. This filing indicates routine tax-related transactions and doesn't necessarily reflect a change in the executive's overall confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 05/12/2024 | Date of transaction: withholding of shares for tax obligations. |
| 05/14/2024 | Date of signature on the Form 4 filing. |
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