Form 4: DigitalOcean Executive Cherie Barrett Reports Share Transaction

DigitalOcean's SVP, Chief Accounting Officer, Cherie Barrett, reported a transaction involving the withholding of shares to cover tax obligations and shares acquired under the Employee Stock Purchase Plan.

Summary

• Cherie Barrett, SVP, Chief Accounting Officer at DigitalOcean Holdings, Inc., filed a Form 4 detailing a transaction on December 1, 2024.
• The transaction involved the withholding of 6,578 common stock shares at a price of $38.08 per share to cover tax obligations related to the vesting of restricted stock units.
• Additionally, the report includes shares acquired under the company's Employee Stock Purchase Plan.
• Following the transaction, Barrett beneficially owns 78,628 shares of DigitalOcean common stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating normal business operations. There is no indication of positive or negative sentiment.

Positives

• The report indicates participation in the Employee Stock Purchase Plan, which is a common benefit for employees.
• The transaction is a routine tax withholding event related to vesting of restricted stock units.

Industry Context

Form 4 filings are a standard part of regulatory compliance for company insiders and are not specific to any industry trend.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for all publicly traded companies in the United States.
• The transactions reported are typical for executives who receive stock-based compensation and participate in employee stock purchase plans.
• Similar filings are made by executives at comparable companies such as Amazon, Microsoft, and Google.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is a routine tax withholding event and employee stock purchase plan participation.

Key Dates

Keywords

Form 4, DigitalOcean, Share Transaction, Employee Stock Purchase Plan, Tax Withholding, Beneficial Ownership, Restricted Stock Units, DOCN