DigitalOcean (DOCN) Chief Accounting Officer Cherie Barrett Sells Shares

What Happened

• Cherie Barrett, SVP and Chief Accounting Officer of DigitalOcean (DOCN), had two disposition transactions reported. On 2026-09-01, 3,103 shares were withheld by the issuer to satisfy tax withholding related to RSU vesting (value $343,471). On 2026-09-03, Barrett sold 3,985 shares in an open-market transaction at $105.73 per share for $421,334. Combined, 7,088 shares were disposed for about $764,805.
• These were disposals (not purchases). The withholding reflects tax obligations on RSU settlement; the open-market sale was executed under a pre-established trading plan.

Key Details

• Transaction dates and prices:
  • 2026-09-01 — 3,103 shares withheld for tax at $110.69 (value reported $343,471) (Code F — tax withholding).
  • 2026-09-03 — 3,985 shares sold open market at $105.73 (value $421,334) (Code S — sale under 10b5-1).
• Footnotes:
  • F1: Withholding by the issuer to satisfy tax withholding for non-reportable RSU vesting/settlement.
  • F2: The open-market sale was effected pursuant to a previously adopted Rule 10b5-1 trading plan.
• Shares owned after the transaction: not specified in the provided filing summary.
• Filing timeliness: Form 4 was filed on 2026-09-03 for transactions on 2026-09-01 and 2026-09-03 — the filing appears timely (not marked late).

Context

• The tax-withholding transaction is a routine cashless settlement of RSUs and does not represent an active market sale by choice. The separate open-market sale was pre-arranged under a 10b5-1 plan, which typically schedules trades in advance and can insulate the filer from accusations of trading on inside information.
• Sales do not necessarily indicate negative insider sentiment; purchases are often more informative about confidence in the company.