4//SEC Filing
SORENSON WILLIAM G 4
Accession 0001562180-22-002310
CIK 0001582961other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 5:38 PM ET
Size
12.8 KB
Accession
0001562180-22-002310
Insider Transaction Report
Form 4
SORENSON WILLIAM G
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2022-03-01$59.32/sh−13,132$778,990→ 126,461 total - Award
Common Stock
2022-03-01+25,279→ 151,740 total - Exercise/Conversion
Common Stock
2022-03-02$5.61/sh+30,000$168,300→ 181,740 total - Sale
Common Stock
2022-03-02$60.92/sh−30,000$1,827,600→ 151,740 total - Exercise/Conversion
Stock Option (Right to buy)
2022-03-02−30,000→ 1,070,000 totalExercise: $5.61Exp: 2029-08-13→ Common Stock (30,000 underlying)
Footnotes (4)
- [F1]The transaction reported represents the withholding of shares by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the non-reportable vesting and settlement of restricted stock units and performance-based restricted stock units.
- [F2]The security represents restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of common stock of the Issuer. The shares underlying these RSUs vest in 16 equal quarterly installments, commencing on June 1, 2022, subject to the Reporting Person's continuous service with the Issuer as of the applicable vesting date.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in several transactions at prices ranging from $60.12-$61.88, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (3) to this Form 4.
- [F4]The shares underlying this option vest in 48 equal monthly installments beginning on September 13, 2019, subject to the Reporting Person's continuous service with the Issuer on each such date.
Documents
Issuer
DigitalOcean Holdings, Inc.
CIK 0001582961
Entity typeother
Related Parties
1- filerCIK 0001094065
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 5:38 PM ET
- Size
- 12.8 KB