---
schema_version: "secwatch.filing_event.v1"
accession: "0001582961-22-000054"
form_type: "8-K"
ticker: "DOCN"
cik: "0001582961"
company_name: "DigitalOcean Holdings, Inc."
filed_at: "2022-11-17T23:59:59+00:00"
generated_at: "2026-06-21T16:40:51.862831+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# DigitalOcean names Matt Steinfort CFO effective Jan 2023; Sorenson retires

## Summary
- Matt Steinfort appointed CFO, effective early January 2023, succeeding William Sorenson.
- Sorenson will serve as Executive Advisor through August 31, 2023 for transition.
- Steinfort compensation: $450K base salary, 65% target bonus, $14M RSU award (1-yr cliff, then quarterly vest), $252K sign-on bonus.
- Steinfort previously CFO of Zayo ($2.6B revenue) and founder/CEO of Envysion.
- Sorenson led company to IPO in March 2021; retirement announced in August 2022.

## SEC filing metadata
- accession: 0001582961-22-000054
- form_type: 8-K
- ticker: DOCN
- cik: 0001582961
- company_name: DigitalOcean Holdings, Inc.
- filed_at: 2022-11-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1582961/000158296122000054/0001582961-22-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1582961/000158296122000054/docn-20221115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001582961-22-000054
- JSON: https://secwatch.observer/filing/0001582961-22-000054.json
- Plain text: https://secwatch.observer/filing/0001582961-22-000054.txt

## Key facts
- Executive change
  W. Matthew Steinfort was appointed as Chief Financial Officer at DigitalOcean Holdings, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On November 15, 2022, DigitalOcean Holdings, Inc. (the “ Company ”) entered into an employment agreement with W. Matthew Steinfort (the “ Steinfort Agreement ”) to serve as Chief Financial Officer of the Company, effective as of January 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1582961/000158296122000054/0001582961-22-000054-index.htm
- Executive change
  William Sorenson retired as Chief Financial Officer at DigitalOcean Holdings, Inc..
  - Action: retired
  - Role: Chief Financial Officer
  source text: The Company previously announced that its current Chief Financial Officer, William Sorenson, entered into a transition agreement (the “ Transition Agreement ”) that set forth the terms of Mr. Sorenson’s retirement upon the appointment of his successor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1582961/000158296122000054/0001582961-22-000054-index.htm

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