Major Shareholder Access Industries Sells $496 Million in DigitalOcean Stock
DOCN has more than doubled off its 52-week low of $25.56.
Summary
A major 10% shareholder, Access Industries, sold approximately $496 million worth of DigitalOcean stock, reducing its beneficial ownership to 17.87%.
Key Events · Ownership and Investor Activity · DOCN
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Major Shareholder Sale
Access Industries, including Len Blavatnik, sold 3.3 million shares of common stock on May 13, 2026, at $150.30 per share, totaling approximately $496 million.
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Reduced Ownership Stake
Following the sale, the reporting persons' beneficial ownership in DigitalOcean Holdings, Inc. decreased to 17.87% of the outstanding common stock.
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Execution of Prior Intent
This Schedule 13D/A confirms the execution of a significant block sale, which was previously indicated by Form 144 filings from AI Droplet Holdings LLC on May 12 and May 14.
Analysis · DOCN · Technology
Access Industries, a significant 10% owner, executed a large block sale of DigitalOcean shares, reducing its stake. This transaction confirms the actual sale of shares that were previously indicated by Form 144 filings, providing definitive details on the disposition by a major institutional investor.
At the time of this filing, DOCN was trading at $152.90 on NYSE in the Technology sector, with a market capitalization of approximately $16.2B. The 52-week trading range was $25.56 to $164.77. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.