StockDriftsDigitalOcean Holdings, Inc. · DOCN · 4 · Filed
CFO Matt Steinfort sells $1.06M in company stock
Source: SEC EDGAR, accession 0001717324-26-000012
What did DigitalOcean Holdings, Inc. announce?
CFO Matt Steinfort sold 10,000 shares of company stock for a total of $1,057,300.00.
Chief Financial Officer Matt Steinfort reported a sale of 10,000 shares of DigitalOcean Holdings common stock. The transaction took place on September 3, 2026, and was executed at a price of $105.73 per share. This sale was conducted under a 10b5-1 trading plan, which allows company insiders to set up a prearranged schedule for selling shares to avoid accusations of insider trading.
Following this sale, Mr. Steinfort directly holds 503,692 shares of common stock. This figure represents a decrease from the 513,692 shares he held after a separate transaction on September 1, 2026, where 25,151 shares were disposed of at a price of $110.69 each.
The filing indicates these transactions were dispositions, with the first being coded 'F' (presumably a payment for tax liability on vested stock) and the second coded 'S' (a sale). The document does not provide details on the specific reasons for these dispositions beyond what is implied by the transaction codes and the existence of a 10b5-1 plan.
No derivative securities were reported in this filing for Mr. Steinfort. The transactions detailed here refer to direct beneficial ownership of common stock.
Key details
- Matt Steinfort, Chief Financial Officer, sold shares.
- The sale involved 10,000 shares of common stock.
- The total value of the transaction was $1,057,300.00.
- The transaction was made under a 10b5-1 plan.
Why it matters
This 4 reports an insider transaction at DigitalOcean Holdings, Inc.. The likely share-price reaction reads as negative.