DigitalOcean CEO granted 130,891 RSUs
Srinivasan Padmanabhan T reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Srinivasan Padmanabhan T reported acquisition or exercise transactions in this Form 4 filing.
DigitalOcean Holdings, Inc. reported that Chief Executive Officer Srinivasan Padmanabhan T received a grant of 130,891 shares of common stock in the form of restricted stock units. These RSUs carry no purchase price and increase his directly held stake to 803,782 shares.
According to the footnote, each RSU represents a contingent right to receive one share of common stock. The shares underlying these RSUs will vest in 16 equal quarterly installments, beginning on June 1, 2026, provided he continues serving with the company on each vesting date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 130,891 | $0.00 | $0.00 |
Footnotes (1)
- F1. The security represents restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of common stock of the Issuer. The shares underlying these RSUs vest in 16 equal quarterly installments, commencing on June 1, 2026, subject to the Reporting Person's continuous service with the Issuer on each such date.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
contingent right financial
vest in 16 equal quarterly installments financial
continuous service financial
FAQ
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What did DigitalOcean (DOCN) disclose about its CEO’s new equity grant?
How do the new RSUs for DigitalOcean (DOCN) CEO vest over time?
What is the exercise or purchase price of the DigitalOcean (DOCN) CEO’s RSU grant?
What is the CEO’s total reported ownership after this DigitalOcean (DOCN) RSU grant?
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