DigitalOcean CEO Sells Shares Worth $2.2 Million in Tax-Related Transaction
Padmanabhan 'Paddy' Srinivasan, the Chief Executive Officer of DigitalOcean Holdings (DOCN), sold approximately 20,483 shares for a total value of $2.2 million as part of an SEC-reported transaction. The sale included both tax-related withholding and a planned Rule 10b5-1 trade. Following this disposition, Srinivasan retains ownership of around 762,817 shares in DigitalOcean, representing approximately 0.65% of the company's total outstanding shares with an estimated market value of $83.45 million as of September 3, 2026. DigitalOcean has experienced a strong one-year return on its stock price and maintains robust financials including a TTM revenue of $1 billion and net income of $235.2 million.
Tickers: $DOCN
Topics: CEO equity activity DigitalOcean SEC Form 4 stock sales