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