---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-333886"
form_type: "8-K"
ticker: "DOCN"
cik: "0001582961"
company_name: "DigitalOcean Holdings, Inc."
filed_at: "2021-11-18T23:59:59+00:00"
generated_at: "2026-06-28T06:59:38.231253+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DigitalOcean issues $1.5B in 0% convertible notes due 2026, repurchases $350M in stock

## Summary
- $1.5B aggregate principal of zero-coupon convertible notes due December 1, 2026; net proceeds ~$1.46B.
- Used $350M of proceeds to repurchase 2.9M shares at $119.01/share (last sale price on Nov 12, 2021).
- Initial conversion rate 5.6018 shares per $1,000 principal; conversion price ~$178.51 per share.
- Notes are senior unsecured, redeemable after Dec 2, 2024 if stock price exceeds 130% of conversion price.
- Remaining net proceeds earmarked for general corporate purposes and potential acquisitions.

## SEC filing metadata
- accession: 0001193125-21-333886
- form_type: 8-K
- ticker: DOCN
- cik: 0001582961
- company_name: DigitalOcean Holdings, Inc.
- filed_at: 2021-11-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1582961/000119312521333886/0001193125-21-333886-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1582961/000119312521333886/d183093d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-333886
- JSON: https://secwatch.observer/filing/0001193125-21-333886.json
- Plain text: https://secwatch.observer/filing/0001193125-21-333886.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.