Cherie Barrett, Chief Accounting Officer at DigitalOcean Holdings, Inc. (NYSE:DOCN), executed a sale of 4,456 shares of common stock at $132.37 per share on August 13, 2026 according to a recent SEC Form 4 filing.
Transaction summary
Transaction value based on SEC Form 4 weighted average sale price ($132.37); post-transaction value based on August 13, 2026 market close ($132.29).
Key questions
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What was the underlying driver for this transaction?
The sale was executed pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person, which allows insiders to schedule stock sales in advance to meet liquidity needs without the concern of trading on non-public information. -
How does this sale affect the insider’s total equity position?
Following the disposition, the insider retains direct ownership of 65,487 shares, maintaining a 0.0560% stake in the company as of the August 17, 2026 filing date. -
What is the recent performance context for the company’s shares?
The transaction occurred as the company’s stock delivered a one-year return of 317% as of the August 13, 2026 transaction date, with the shares priced at $129.92 as of the August 14, 2026 market close.
Company Overview
Company Snapshot
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DigitalOcean provides cloud computing infrastructure and developer tools including computing power, storage, and networking capabilities, with primary revenue derived from subscription-based cloud services and platform offerings.
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The company operates a platform-as-a-service business model that generates revenue through consumption-based pricing and subscription tiers, enabling customers to scale infrastructure costs with their operational needs.
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DigitalOcean serves individual developers, early stage start-ups, and small to mid-sized businesses across North America, Europe, Asia, and other global markets seeking accessible and cost-effective cloud infrastructure solutions.
DigitalOcean Holdings, Inc. operates as a global cloud infrastructure provider with significant scale, evidenced by $1 billion in trailing 12-month revenue. The company has demonstrated exceptional growth momentum, with a one-year stock price appreciation of 316.66%, reflecting strong market demand for its developer-focused cloud platform.
