Access Industries amends DigitalOcean stake filing

TL;DR

Access Industries updated its DigitalOcean filing on 8/12. Still a major player.

AI Summary

Access Industries Holdings LLC, along with its affiliates, has amended its Schedule 13D filing regarding DigitalOcean Holdings, Inc. The filing, dated August 12, 2024, indicates a change in beneficial ownership. The group, which includes Len Blavatnik, is reporting its stake in DigitalOcean.

Why It Matters

This amendment signals a potential shift in significant ownership or strategy for DigitalOcean, which could impact its stock price and future direction.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor intentions or significant strategic shifts, warranting close monitoring.

Key Players & Entities

• Access Industries Holdings LLC (company) — Filing entity
• DigitalOcean Holdings, Inc. (company) — Subject company
• Len Blavatnik (person) — Member of the filing group
• AI DROPLET HOLDINGS LLC (company) — Group member
• AI DROPLET SHARING LLC (company) — Group member
• AI DROPLET SUBSIDIARY LLC (company) — Group member
• ACCESS INDUSTRIES MANAGEMENT, LLC (company) — Filing entity

FAQ

Key Financial Figures

• $0.000025 — Inc. (Name of Issuer) Common Stock, $0.000025 par value (Title of Class of Securiti

Filing Documents

• d748886dsc13da.htm (SC 13D/A) — 105KB
• d748886dex997.htm (EX-99.7) — 12KB
• 0001193125-24-198862.txt ( ) — 119KB

From the Filing

SC 13D/A 1 d748886dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3)* DigitalOcean Holdings, Inc. (Name of Issuer) Common Stock, $0.000025 par value (Title of Class of Securities) 25402D102 (CUSIP Number) Alejandro Moreno Langhorne S. Perrow c/o Access Industries, Inc. 40 West 57 th St., 28 th Floor New York, New York 10019 (212) 247-6400 with copies to: Nicholas P. Pellicani Debevoise & Plimpton LLP 65 Gresham Sstreet EC2V 7NQ London + 44 20 7786 9000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 8, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. CUSIP No. 25402D1028 1 NAME OF REPORTING PERSON. Access Industries Management, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) AF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 shares 8 SHARED VOTING POWER 25,865,449 shares 9 SOLE DISPOSITIVE POWER 0 shares 10 SHARED DISPOSITIVE POWER 25,865,449 shares 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 25,865,449 shares 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11); 28.10% (1) 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO (Limited Liability Company) (1) All percentages of ownership of the Common Stock by Reporting Persons presented in this Statement are based on an aggregate of 92,062,346 shares of Common Stock issued and outstanding as of August 2, 2024, as disclosed in the Issuers Form 10-Q filed with the Securities and Exchange Commission (the SEC) on August 8, 2024. CUSIP No. 25402D1028 1 NAME OF REPORTING PERSON. Access Industries Holdings LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) AF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 shares 8 SHARED VOTING POWER 155,665 shares 9 SOLE DISPOSITIVE POWER 0 shares 10 SHARED DISPOSITIVE POWER 155,665 shares 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 155,665 shares 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11); 0.17% (1) 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO (Limited Liability Company) (1) All percentages of ownership of the Common Stock by Reporting Persons presented in this Statement are based on an aggregate of 92,062,346 shares of Common Stock issued and outstanding as of August 2, 2024, as disclosed in the Issuers Form 10-Q filed with the SEC on August 8, 2024. CUSIP No. 25402D1028 1 NAME OF REPORTING PERSON. AI Droplet Holdings LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 23,582,125 shares 8 SHARED VOTING POWER 2,127,659 shares 9 SOLE DISPOSITIVE POWER 23,582,125 shares 10 SHARED DISPOSITIVE POWER 2,127,659 shares 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 25,709,784 shares 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11); 27.93% (1) 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO (Limited Liability Company) (1) All percentages of ownership of the Common Stock by Reporting Persons presented in this Statement are based on an aggregate of 92,062,346 shares of Common Stock issued and outstanding as of August 2, 2024, as disclosed in the Issuers Form 10-Q filed with the SEC on August 8, 2024. CUSIP No. 25402D1028 1 NAME OF REPORTING PERSON. AI Droplet Sharing LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHEC

View Full Filing

View this SC 13D/A filing on SEC EDGAR