Form 4: DigitalOcean Executive Saha Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Bratin Saha, Chief Product & Tech Officer at DigitalOcean Holdings, Inc., sold shares to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On August 17, 2024, Bratin Saha, the Chief Product & Tech Officer of DigitalOcean Holdings, Inc., disposed of 2,510 shares of common stock to cover tax obligations.
- The shares were sold at a price of $37.55 per share.
- Following the transaction, Saha directly owns 416,792 shares of DigitalOcean common stock.
Sentiment
Score: 5
Explanation: This Form 4 filing represents a routine transaction to cover tax obligations, and does not indicate a positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with company performance.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/17/2024 | Date of transaction: Sale of common stock to cover tax obligations. |
| 08/20/2024 | Date of signature by Attorney-in-Fact. |
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