0001582961-24-000018.txt : 20240214
0001582961-24-000018.hdr.sgml : 20240214
20240214161733
ACCESSION NUMBER: 0001582961-24-000018
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240212
FILED AS OF DATE: 20240214
DATE AS OF CHANGE: 20240214
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Srinivasan Padmanabhan T
CENTRAL INDEX KEY: 0001761862
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40252
FILM NUMBER: 24638554
MAIL ADDRESS:
STREET 1: C/O LOGMEIN, INC.
STREET 2: 333 SUMMER STREET
CITY: BOSTON
STATE: MA
ZIP: 02210
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DigitalOcean Holdings, Inc.
CENTRAL INDEX KEY: 0001582961
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
ORGANIZATION NAME: 06 Technology
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
wk-form4_1707945436.xml
FORM 4
X0508
4
2024-02-12
0
0001582961
DigitalOcean Holdings, Inc.
DOCN
0001761862
Srinivasan Padmanabhan T
C/O DIGITALOCEAN HOLDINGS, INC.
101 6TH AVENUE
NEW YORK
NY
10013
1
1
0
0
Chief Executive Officer
0
Common Stock
2024-02-12
4
A
0
470262
0
A
470262
D
Common Stock
2024-02-12
4
A
0
289767
0
A
760029
D
The security represents restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of common stock of the Issuer. 25% of the shares underlying these RSUs shall vest on March 1, 2025 and the remaining shares underlying these RSUs shall vest in 12 equal quarterly installments beginning on June 1, 2025, subject to the Reporting Person's continuous service with the Issuer on each such date.
Represents the grant of performance-based restricted stock units ("PSUs"). Each PSU represents a contingent right to receive one share of common stock of the Issuer. If a stock price target described in footnote (3) is met during the first three years following the date of grant, 50% of the achieved PSUs shall vest on the third anniversary of the date of grant and 50% of the achieved PSUs shall vest on the fifth anniversary of the date of grant, subject to the Reporting Person's continuous service with the Issuer on each such date. If a stock price target described in footnote (3) is met following the third anniversary of the date of grant but prior to the fifth anniversary of the date of grant, 100% of the achieved PSUs shall vest on the fifth anniversary of the date of grant, subject with the Reporting Person's continuous service with the Issuer on such date.
PSUs will be deemed achieved if the average closing price per share of the Issuer's common stock over a consecutive 60 trading day period between the date of grant and the five year anniversary of the date of grant meets or exceeds the following stock price targets (each a "Stock Price Target"): 48,295 PSUs upon the attainment of a Stock Price Target of $65.00; 48,294 PSUs upon the attainment of a Stock Price Target of $100.00; 96,589 PSUs upon the attainment of a Stock Price Target of $135.00; and 96,589 PSUs upon the attainment of a Stock Price Target of $170.00.
/s/ Seth Zelnick, Attorney-in-Fact
2024-02-14