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 1,535 common stock shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 12, 2024, Warren J. Adelman, the Executive Chairman of DigitalOcean Holdings, Inc., had 1,535 shares of common stock withheld by the issuer.
- This withholding was to satisfy tax obligations related to the vesting and settlement of restricted stock units.
- Following the transaction, Adelman directly owns 70,576 shares of DigitalOcean common stock.
Sentiment
Score: 7
Explanation: The document reflects a neutral event (tax withholding) related to executive compensation, with no apparent positive or negative implications for the company's overall financial health or future prospects.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related event.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of the transaction involving the withholding of shares for tax obligations. |
| 03/14/2024 | Date of signature for the Form 4 filing. |
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