JENSON WARREN 4

What Happened

• Jenson Warren, a director of DigitalOcean Holdings, exercised 20,000 stock options on May 19, 2026 (exercise price $19.47, total $389,400) and on the same day sold 20,000 shares in an open-market transaction at a weighted average price of $147.62 for proceeds of $2,952,400. The Form 4 also records a related derivative conversion entry for 20,000 shares (reported as $0 disposed) tied to the option exercise.
• This sequence (exercise + same-day sale) is effectively a cashless exercise followed by an open-market sale; sales are routine insider liquidity events and do not necessarily indicate a change in company outlook.

Key Details

• Transaction date: May 19, 2026.
• Exercise: 20,000 shares at $19.47 each (code M), total cost $389,400.
• Sale: 20,000 shares at a weighted avg price $147.62 each (code S), total proceeds $2,952,400. (Per footnote, sale prices ranged $147.37–$148.16.)
• Related derivative entry: 20,000 shares listed as disposed at $0 associated with the option exercise.
• Shares owned after transaction: not specified in the provided filing summary.
• Timeliness: Form filed May 21, 2026 (within the typical 2-business-day Form 4 window); not reported as late.
• Footnote F2: the option shares vest monthly over 48 months beginning Jan 9, 2021.

Context

• Because the exercise and sale occurred the same day, this was a cashless-type exercise where the insider realized proceeds by selling the acquired shares immediately.
• Footnote F1 explains the sale price is a weighted average across multiple trades; the filer can provide per-trade prices on request.