DigitalOcean CEO Srinivasan Sells 5,697 Shares for $736,000
Stock surged 336% over the past year, and the CEO retains a stake worth $106 million after this sale.
Overview
Padmanabhan T. Srinivasan, Chief Executive Officer of DigitalOcean Holdings, Inc. (NYSE:DOCN), sold 5,697 shares of common stock on Aug. 17, 2026, according to a SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($129.11); post-transaction value based on Aug. 17, 2026, market close ($135.28).
Details
DigitalOcean Holdings is a leading cloud infrastructure provider with a market capitalization of $14 billion and TTM revenue of $1 billion, demonstrating significant scale and profitability, with TTM net income of $235 million.
Source
Originally published at www.fool.com.
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