DOCN DigitalOcean Holdings, Inc.
Price Chart
Executive Summary
A massive insider selling cluster at DigitalOcean, led by 10% owner Access Industries selling $492.8M (3.28M shares at ~$150.30), alongside CFO Matt Steinfort ($3.8M), Director Hilary Schneider ($678K), and Director Warren Jenson ($2.95M after derivative exercise). Total disclosed sales of ~$500M represent ~3% of market cap — an extremely rare and material concentration of selling from both a controlling shareholder and top executives within a one-week window.
Key Financial Metrics
Actionable Insight
The combination of a controlling 10% owner (Access Industries) liquidating nearly $500M alongside the CFO and two directors within the same week is a powerful negative signal. This is not routine diversification — it suggests insiders with the deepest knowledge of the business are aggressively reducing exposure. Traders should watch for an 8-K or earnings pre-announcement in the coming weeks, as such concentrated selling often precedes material negative news. The cross-filing amplifier verdicts (cluster-insider-trades + cluster-offering-context, cluster-insider-trades + cluster-press-context) further elevate the signal's significance.
Key Facts
- Access Industries (10% owner) sold 3.28M shares for $492.83M on May 13, 2026 — the dominant trade in the cluster
- CFO Matt Steinfort sold 25,000 shares for $3.81M on May 15, 2026
- Director Hilary Schneider sold 4,338 shares for $678K on May 15, 2026
- Director Warren Jenson exercised derivatives and immediately sold 20,000 shares for $2.95M on May 19, 2026
- Total cluster value of ~$500M represents ~3% of DOCN's $16.7B market cap — far exceeding the 2% materiality threshold
- Prior 30-day insider activity already showed 6 sells totaling $502.6M, making this a continuation of heavy selling
Financial Impact
Total insider sales of ~$500M, or ~3% of market cap, concentrated in a 7-day window
Risk Factors
- Potential undisclosed negative catalyst (earnings miss, guidance cut, or strategic setback) that insiders are front-running
- Access Industries' selling may signal loss of confidence in DigitalOcean's growth trajectory or competitive position
- Continued insider selling could pressure the stock further as the market prices in adverse selection
- Historical calibration shows score-8 filings in this segment have only a 24% probability of positive T+20 alpha, with mean loss of -11.9% on losing trades
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-DOCN-1779395932533 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 21, 2026
19d ago
|
Insider Cluster
| $158.46 $173.45 | ▼ −9.46% | ▼ −7.80% | $169.32 (−6.85%) |
|
May 19, 2026
21d ago
|
144
| $150.02 $152.57 | ▲ +1.70% | ▼ −0.55% | $169.32 (+12.86%) |
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May 15, 2026
25d ago
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144
| $154.87 $158.46 | ▲ +2.32% | ▲ +1.35% | $169.32 (+9.33%) |
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Apr 24, 2026
6w ago
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DEFA14A
| $98.95 $108.81 | ▲ +9.96% | ▲ +9.56% | $169.32 (+71.12%) |
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Mar 2, 2026
14w ago
|
Insider Cluster
| $58.24 $57.53 | ▲ +1.22% | ▲ +0.01% | $169.32 (−190.73%) |
US Market Status
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