---
schema_version: "secwatch.filing_event.v1"
accession: "0001582961-23-000052"
form_type: "8-K"
ticker: "DOCN"
cik: "0001582961"
company_name: "DigitalOcean Holdings, Inc."
filed_at: "2023-09-19T23:59:59+00:00"
generated_at: "2026-06-10T13:28:34.739231+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# DigitalOcean increases CFO Steinfort's salary, bonus, and severance in retention amendment

## Summary
- Base salary raised to $540k (from $450k); target bonus increased to 80% of base (from 70%).
- CFO receives new $2.6M RSU grant with four-year quarterly vesting and one-year cliff.
- Enhanced severance: termination without cause or good reason within 2 years triggers 12-month pay (up from 6), COBRA, and 12-month equity acceleration.
- After two years, severance reverts to original agreement terms.

## SEC filing metadata
- accession: 0001582961-23-000052
- form_type: 8-K
- ticker: DOCN
- cik: 0001582961
- company_name: DigitalOcean Holdings, Inc.
- filed_at: 2023-09-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1582961/000158296123000052/0001582961-23-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1582961/000158296123000052/docn-20230915.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001582961-23-000052
- JSON: https://secwatch.observer/filing/0001582961-23-000052.json
- Plain text: https://secwatch.observer/filing/0001582961-23-000052.txt

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