DigitalOcean Files 8-K: Administrative Update, No Material News
Ticker: DOCN · Form: 8-K · Filed: Jan 17, 2024 · CIK: 1582961
| Field | Detail |
|---|---|
| Company | Digitalocean Holdings, Inc. (DOCN) |
| Form Type | 8-K |
| Filed Date | Jan 17, 2024 |
| Risk Level | low |
| Pages | 7 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.000025, $600,000, $17 m, $8 m, $65.00 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: administrative, corporate-governance
TL;DR
**DigitalOcean's 8-K is just admin updates, nothing new for traders.**
AI Summary
DigitalOcean Holdings, Inc. filed an 8-K on January 17, 2024, reporting an event that occurred on January 11, 2024. This filing primarily updates administrative information, such as the company's address and contact details, and confirms its registration on the New York Stock Exchange under the trading symbol DOCN. For investors, this filing is largely administrative and does not contain new financial or operational news that would significantly impact stock valuation, indicating business as usual.
Why It Matters
This filing is mostly administrative, updating contact information and confirming stock exchange registration, which means there's no new financial or operational news for investors to react to.
Risk Assessment
Risk Level: low — The filing contains only administrative updates and no material changes to the company's operations or financial health, posing minimal risk.
Analyst Insight
Given this 8-K is purely administrative, a smart investor would not make any immediate trading decisions based on this filing alone. It confirms the company's public status but offers no new information on performance or strategy.
Key Numbers
- $0.000025 — par value per share (This is the nominal value of each common stock share, a legal formality.)
Key Players & Entities
- DigitalOcean Holdings, Inc. (company) — the registrant filing the 8-K
- January 11, 2024 (date) — date of the earliest event reported
- January 17, 2024 (date) — date the 8-K was filed
- New York Stock Exchange (company) — exchange where DigitalOcean's common stock is registered
- DOCN (company) — trading symbol for DigitalOcean's common stock
- $0.000025 (dollar_amount) — par value per share of common stock
FAQ
What is the primary purpose of this 8-K filing by DigitalOcean Holdings, Inc.?
The primary purpose of this 8-K filing is to report administrative updates, including the date of the earliest event reported (January 11, 2024) and confirming the company's registration on the New York Stock Exchange under the trading symbol DOCN.
What is DigitalOcean Holdings, Inc.'s trading symbol and where is its common stock registered?
DigitalOcean Holdings, Inc.'s trading symbol is DOCN, and its common stock, with a par value of $0.000025 per share, is registered on The New York Stock Exchange.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 11, 2024, as stated in the 'Date of Report (date of earliest event reported)' section.
What is the current business address listed for DigitalOcean Holdings, Inc. in this filing?
The current business address listed for DigitalOcean Holdings, Inc. is 101 6th Avenue, New York, New York 10013, with a business phone number of (646) 827-4366.
Does this 8-K filing indicate any changes in directors, officers, or compensatory arrangements?
The 'ITEM INFORMATION' section lists 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits', but the body of the filing itself does not detail any specific changes or events related to these items, suggesting it's a placeholder or no material changes occurred under these categories for this specific report.
Filing Stats: 2,173 words · 9 min read · ~7 pages · Grade level 11.2 · Accepted 2024-01-17 09:03:02
Key Financial Figures
- $0.000025 — ich registered Common stock, par value $0.000025 per share DOCN The New York Stock Excha
- $600,000 — n will be paid an annual base salary of $600,000 and will be eligible for a target annua
- $17 m — cted stock unit award ("RSU") valued at $17 million, with 25% of the shares underlyin
- $8 m — ted stock unit award ("PRSU") valued at $8 million, which will vest upon the satisfa
- $65.00 — y Stock Price Target Number of PRSUs 1 $65.00 25% of Target PRSUs 2 $100.00 50% of T
- $100.00 — PRSUs 1 $65.00 25% of Target PRSUs 2 $100.00 50% of Target PRSUs 3 $135.00 100% of
- $135.00 — PRSUs 2 $100.00 50% of Target PRSUs 3 $135.00 100% of Target PRSUs 4 $170.00 150% of
- $170.00 — RSUs 3 $135.00 100% of Target PRSUs 4 $170.00 150% of Target PRSUs There will be no
Filing Documents
- docn-20240111.htm (8-K) — 48KB
- exhibit101-ceoemploymentag.htm (EX-10.1) — 92KB
- exhibit991-ceoannouncement.htm (EX-99.1) — 11KB
- 0001582961-24-000010.txt ( ) — 303KB
- docn-20240111.xsd (EX-101.SCH) — 2KB
- docn-20240111_lab.xml (EX-101.LAB) — 24KB
- docn-20240111_pre.xml (EX-101.PRE) — 12KB
- docn-20240111_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Employment Agreement between DigitalOcean Holdings, Inc., DigitalOcean, LLC and Padmanabhan Srinivasan, dated January 11, 2024. 99.1 Press release issued by DigitalOcean Holdings, Inc., dated January 17, 2024. 104 Cover Page Interactive File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 17, 2024 DigitalOcean Holdings, Inc. By: /s/ W. Matthew Steinfort W. Matthew Steinfort, Chief Financial Officer