Form 4: DigitalOcean's Chief Revenue Officer, Lawrence M. D'Angelo, Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Lawrence M. D'Angelo, Chief Revenue Officer of DigitalOcean Holdings, Inc., sold 10,551 shares of common stock at $45 per share on February 18, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On February 18, 2025, Lawrence M. D'Angelo, the Chief Revenue Officer of DigitalOcean Holdings, Inc., sold 10,551 shares of common stock.
- The sale was executed at a price of $45 per share.
- Following the transaction, D'Angelo directly owns 135,840 shares of DigitalOcean.
- The sale was conducted under a pre-existing Rule 10b5-1 trading plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sale was conducted under a pre-arranged 10b5-1 trading plan, suggesting it was not based on any material non-public information. Therefore, the sentiment is neutral.
Industry Context
Sales by company executives are a normal part of corporate governance. The fact that the sale was executed under a 10b5-1 plan suggests that the sale was pre-planned and not based on any inside information.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 trading plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of stock sale transaction |
| 02/19/2025 | Date of Form 4 filing |
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