Access Industries amends DigitalOcean stake filing

Ticker: DOCN · Form: SC 13D/A · Filed: 2024-08-12T00:00:00.000Z

Sentiment: neutral

Topics: ownership-change, sec-filing, amendment

Related Tickers: DOCN

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

FAQ

What is the primary purpose of this SC 13D/A filing?

This filing is an amendment to a previous Schedule 13D, indicating a change in the beneficial ownership of DigitalOcean Holdings, Inc. by Access Industries Holdings LLC and its affiliates.

Who are the key entities involved in this filing?

The key entities are DigitalOcean Holdings, Inc. (the issuer) and Access Industries Holdings LLC, along with its group members including AI Droplet Holdings LLC, AI Droplet Sharing LLC, AI Droplet Subsidiary LLC, and managed by Access Industries Management, LLC, with Len Blavatnik being a notable individual associated with the group.

When was this amendment filed?

This amendment was filed on August 12, 2024.

What is the CUSIP number for DigitalOcean Holdings, Inc. common stock?

The CUSIP number for DigitalOcean Holdings, Inc. common stock is 25402D102.

What is the business address of DigitalOcean Holdings, Inc. as listed in the filing?

The business address for DigitalOcean Holdings, Inc. is 101 Avenue of the Americas, 10th Floor, New York, NY 10013.

From the Filing

0001193125-24-198862.txt : 20240812 0001193125-24-198862.hdr.sgml : 20240812 20240812160257 ACCESSION NUMBER: 0001193125-24-198862 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240812 DATE AS OF CHANGE: 20240812 GROUP MEMBERS: ACCESS INDUSTRIES HOLDINGS LLC GROUP MEMBERS: AI DROPLET HOLDINGS LLC GROUP MEMBERS: AI DROPLET SHARING LLC GROUP MEMBERS: AI DROPLET SUBSIDIARY LLC GROUP MEMBERS: LEN BLAVATNIK SUBJECT COMPANY: 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 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-92451 FILM NUMBER: 241196670 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 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ACCESS INDUSTRIES MANAGEMENT, LLC CENTRAL INDEX KEY: 0001508226 ORGANIZATION NAME: IRS NUMBER: 133970710 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 730 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2122476400 MAIL ADDRESS: STREET 1: 730 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 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

View on Read The Filing