Form 4: DigitalOcean Executive Cherie Barrett Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Cherie Barrett, SVP, Chief Accounting Officer of DigitalOcean Holdings, Inc., reports the withholding of 1,662 common stock shares to cover tax obligations related to vesting restricted stock units on March 1, 2025.
Summary
- On March 1, 2025, Cherie Barrett, the SVP, Chief Accounting Officer of DigitalOcean Holdings, Inc. (DOCN), had 1,662 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.
- The price per share for the transaction was $42.85.
- Following the transaction, Barrett beneficially owns 76,966 shares of DigitalOcean common stock directly.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard tax withholding process. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves a standard tax withholding process for an executive's equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of the transaction where shares were withheld to cover tax obligations. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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