DigitalOcean CEO Padmanabhan Srinivasan Sells 20,483 Shares for $2.2 Million
Portion of sale was non-discretionary tax withholding from RSU vesting; remainder executed under Rule 10b5-1 plan. CEO retains 762,817 shares worth $83.45 million.
Overview
Padmanabhan “Paddy” Srinivasan, Chief Executive Officer of DigitalOcean Holdings, Inc. (NYSE:DOCN), reported the disposition of 20,483 shares in an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($109.24); post-transaction value based on Sept. 03, 2026, market close ($109.40).
Details
DigitalOcean Holdings, Inc. operates as a leading cloud infrastructure provider with a $11.0 billion market capitalization and TTM revenue of $1.0 billion, demonstrating significant scale and profitability with TTM net income of $235.2 million. The company has established a differentiated market position by focusing on developer-friendly infrastructure and tools that lower barriers to entry for smaller organizations, competing effectively against larger cloud providers through superior ease of use and cost efficiency. With 1,462 employees and a global infrastructure footprint, DigitalOcean continues to capture market share in the rapidly expanding cloud computing sector.
Source
Originally published at www.fool.com.