secwatch.observer — SEC 8-K summary
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Issuer:     DigitalOcean Holdings, Inc. (DOCN)
CIK:        0001582961
Form:       8-K
Filed at:   2022-05-24T23:59:59+00:00
Accession:  0001582961-22-000027
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DigitalOcean launches new $300M stock buyback program after completing prior $300M program
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- Board authorized up to $300M in share repurchases; program expires Dec 31, 2022.
- Prior $300M program completed May 2022; bought 4,351,641 shares at avg $34.47.
- CEO cites confidence in 30%+ revenue growth and robust free cash flow generation.
- Approximately 102.10 million shares outstanding as of May 23, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582961/000158296122000027/0001582961-22-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582961/000158296122000027/docn-20220523.htm
  HTML page:      https://secwatch.observer/filing/0001582961-22-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer