Barrett Cherie 4

What Happened

• Cherie Barrett, SVP and Chief Accounting Officer of DigitalOcean (DOCN), had 3,005 shares withheld by the company on 2026-06-01 to satisfy tax withholding obligations tied to the vesting/settlement of restricted stock units. The withholding was recorded at $155.95 per share, for a total value of $468,630. This was a withholding/disposition to cover taxes (transaction code F), not an open-market sale or new purchase.

Key Details

• Transaction date: 2026-06-01; Filing date: 2026-06-03 (appears timely).
• Price used for withholding: $155.95 per share.
• Shares withheld/disposed: 3,005; total value: $468,630.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: (1) Company withheld shares to satisfy the reporting person’s tax withholding for non‑reportable RSU vesting/settlement. (2) The reported amount includes shares acquired under the issuer’s Employee Stock Purchase Plan that were exempt from reporting under Rule 16a‑3(f)(1)(i)(B).
• Transaction code F indicates tax withholding (company retained shares), not an active market sale (no directional sentiment implied).

Context

• This is a routine "sell-to-cover" (withholding) transaction when RSUs vest—common for executives and does not necessarily indicate a view on the company’s stock. It differs from an open-market sale, which can be interpreted as a deliberate liquidity or investment decision.