0001209191-21-048436.txt : 20210728
0001209191-21-048436.hdr.sgml : 20210728
20210728164237
ACCESSION NUMBER: 0001209191-21-048436
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210727
FILED AS OF DATE: 20210728
DATE AS OF CHANGE: 20210728
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Spruill Yancey L.
CENTRAL INDEX KEY: 0001463488
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40252
FILM NUMBER: 211123105
MAIL ADDRESS:
STREET 1: 1601 DRY CREEK DRIVE, SUITE 260
CITY: LONGMONT
STATE: CO
ZIP: 80503
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DigitalOcean Holdings, Inc.
CENTRAL INDEX KEY: 0001582961
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 101 AVENUE OF THE AMERICAS
STREET 2: 10TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10013
BUSINESS PHONE: 341-985-0306
MAIL ADDRESS:
STREET 1: 101 AVENUE OF THE AMERICAS
STREET 2: 10TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10013
FORMER COMPANY:
FORMER CONFORMED NAME: Digital Ocean, Inc.
DATE OF NAME CHANGE: 20130731
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-07-27
0
0001582961
DigitalOcean Holdings, Inc.
DOCN
0001463488
Spruill Yancey L.
C/O DIGITALOCEAN HOLDINGS, INC.
101 6TH AVENUE
NEW YORK
NY
10013
1
1
0
0
Chief Executive Officer
Common Stock
2021-07-27
4
A
0
3000000
0.00
A
3140000
D
This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer.
Represents the grant of performance-based restricted stock units ("PSUs") under the DigitalOcean Holdings, Inc. 2021 Equity Incentive Plan. The PSUs will vest on the first date upon which both the time-based service requirement and the stock price requirement of the award are satisfied as more fully described in footnotes (3) and (4) herein, in each case subject to the Reporting Person providing continuous service to the Issuer on each such date.
With respect to the time-based service requirement, the PSUs will vest as to 14% of the total number of shares on each of the first five anniversaries of the grant date beginning on July 27, 2022, and 15% of the total number of shares on each of the two subsequent anniversaries of the grant date beginning on July 27, 2027.
With respect to the stock price requirement, the PSUs will vest on the date on which the average closing price per share of the Issuer's common stock over a consecutive 90 trading day period between the date of grant and July 27, 2028 first meets or exceeds the following stock price targets (each a "Stock Price Target"): 475,000 PSUs will vest upon the attainment of a Stock Price Target of $93.50; 575,000 PSUs will vest upon the attainment of a Stock Price Target of $140.00; 650,000 PSUs will vest upon the attainment of a Stock Price Target of $187.00; 650,000 PSUs will vest upon the attainment of a Stock Price Target of $233.50; and 650,000 PSUs will vest upon the attainment of a Stock Price Target of $280.50.
/s/ Jayne Munger, Attorney-in-Fact
2021-07-28