Merritt Christopher 4
4 · DigitalOcean Holdings, Inc. · Filed Apr 18, 2023
Insider Transaction Report
Form 4
Merritt Christopher
Director
Transactions
- Award
Common Stock
2023-04-17+10,995→ 10,995 total
Footnotes (1)
- [F1]The security represents restricted stock units ("RSUs") issued to the Reporting Person pursuant to the initial appointment grant under the Issuer's non-employee director compensation policy (the "Policy"). Each RSU represents a contingent right to receive one share of common stock of the Issuer. Pursuant to the Policy, the number of shares of RSUs is equal to $400,000 divided by $36.38, the average of the closing price of the Issuer's common stock on the NYSE for the 10 trading days prior to and ending on the date of grant. The shares underlying these RSUs shall vest in three equal annual installments beginning on April 17, 2024, subject to the Reporting Person's continuous service with the Issuer through the applicable vesting date.