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DigitalOcean (DOCN) CEO receives 130,891 RSUs in new equity grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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)
  1. [object Object]
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
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"
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Srinivasan Padmanabhan T

(Last)(First)(Middle)
C/O DIGITALOCEAN HOLDINGS, INC.
105 EDGEVIEW DRIVE, SUITE 425

(Street)
BROOMFIELD COLORADO 80021

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
DigitalOcean Holdings, Inc. [ DOCN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)
03/24/2026
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/10/2026A130,891(1)A$0803,782D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
Remarks:
This amendment is being filed solely to correct the transaction date previously reported in the Form 4 filed on March 24, 2026. The transaction was incorrectly reported as occurring on March 20, 2026; the correct transaction date is March 10, 2026. All other information remains unchanged.
/s/ Tiffany Hui, Attorney-in-Fact06/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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 many shares were granted to DigitalOcean (DOCN) CEO Srinivasan Padmanabhan T?

He was granted 130,891 restricted stock units, each representing one potential share of common stock. The award is a non-cash equity grant and increased his directly held common stock holdings to a reported total of 803,782 shares after the 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.