secwatch.observer — SEC 8-K summary
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Issuer:     DigitalOcean Holdings, Inc. (DOCN)
CIK:        0001582961
Form:       8-K
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0001582961-22-000054
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DigitalOcean names Matt Steinfort CFO effective Jan 2023; Sorenson retires
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582961/000158296122000054/0001582961-22-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582961/000158296122000054/docn-20221115.htm
  HTML page:      https://secwatch.observer/filing/0001582961-22-000054

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