DigitalOcean plans cash repurchase of up to $500 million 2030 convertible notes

The repurchase price will be based on a volume-weighted average price of the stock measured over the next trading day, expected to be July 15, 2026.

Closings are targeted for July 23, 2026, subject to customary conditions.

The company expects to use its existing share repurchase authorization to buy back incremental shares issued to eliminate dilution.

DigitalOcean plans to repurchase up to $500 million principal amount of its 0.00% convertible senior notes due 2030 in privately negotiated cash transactions.

Repurchase funding is set to come from a registered direct offering of common stock to participating noteholders, limiting the net change in cash or shares outstanding.