DigitalOcean (DOCN) CEO receives 130,891 RSUs in new equity grant
Filing Impact
Filing Sentiment
Form Type
4/A
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Srinivasan Padmanabhan T
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 130,891 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 803,782 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 130,891 shares
Post-grant holdings: 803,782 shares
Grant price: $0.0000 per share
+2 more
5 metrics
RSUs granted
130,891 shares
Restricted stock units awarded to CEO as of March 10, 2026
Post-grant holdings
803,782 shares
Total common stock directly held after the reported transaction
Grant price
$0.0000 per share
Stated price per share for the RSU award
Vesting schedule
16 quarterly installments
RSUs vest in equal quarterly tranches starting June 1, 2026
Vesting start date
June 1, 2026
First vesting date for the CEO’s RSU grant
Key Terms
restricted stock units ("RSUs"), contingent right, vest in 16 equal quarterly installments, continuous service
4 terms
restricted stock units ("RSUs") financial
"The security represents restricted stock units ("RSUs") granted to the Reporting Person."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"Each RSU represents a contingent right to receive one share of common stock"
vest in 16 equal quarterly installments financial
"The shares underlying these RSUs vest in 16 equal quarterly installments"
continuous service financial
"subject to the Reporting Person's continuous service with the Issuer on each such date"
FAQ
What did DigitalOcean (DOCN) disclose about its CEO’s new equity grant?
DigitalOcean disclosed that CEO Srinivasan Padmanabhan T received a grant of 130,891 restricted stock units. These RSUs are compensation, cost him nothing per share, and raise his directly held common stock position to 803,782 shares after the reported transaction.
How do the new RSUs for DigitalOcean (DOCN) CEO vest over time?
The RSUs vest in 16 equal quarterly installments beginning June 1, 2026. Each vesting date requires the CEO to remain in continuous service with DigitalOcean, gradually converting the units into common shares over the scheduled quarterly dates.
What is the exercise or purchase price of the DigitalOcean (DOCN) CEO’s RSU grant?
The RSU grant has a stated price of 0.0000 per share, meaning there is no cash exercise cost. Each vested RSU simply converts into one share of DigitalOcean common stock, subject to the continued service-based vesting conditions outlined in the award.
What is the CEO’s total reported ownership after this DigitalOcean (DOCN) RSU grant?
Following the grant of 130,891 restricted stock units, the filing reports that the CEO directly holds 803,782 shares of common stock. This figure reflects his position after giving effect to the reported award transaction in the non-derivative securities table.