DigitalOcean (DOCN) Chief Product & Tech Officer granted 32,722 RSUs in Form 4/A
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Kumar Vinay S. reported acquisition or exercise transactions in this Form 4 filing.
DigitalOcean Holdings, Inc. reported that Chief Product & Tech Officer Vinay S. Kumar received a grant of 32,722 shares of common stock in the form of restricted stock units. The grant was recorded at a price of $0.00 per share, reflecting equity compensation rather than a market purchase.
Each RSU represents a contingent right to receive one share of common stock and will vest in 16 equal quarterly installments starting on June 1, 2026, as long as Kumar continues his service with the company on each vesting date. After this award, he directly holds 312,936 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kumar Vinay S.
Role
Chief Product & Tech Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 32,722 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 312,936 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 32,722 shares
Grant price: $0.00 per share
Post-grant holdings: 312,936 shares
+2 more
5 metrics
RSU grant size
32,722 shares
Restricted stock units granted to Chief Product & Tech Officer
Grant price
$0.00 per share
Equity compensation, not an open-market purchase
Post-grant holdings
312,936 shares
Total common stock held directly after transaction
Vesting schedule
16 quarterly installments
RSUs vest starting June 1, 2026, subject to service
First vesting date
June 1, 2026
Commencement of quarterly RSU vesting
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 insider transaction did DigitalOcean (DOCN) report for Vinay S. Kumar?
DigitalOcean reported that Chief Product & Tech Officer Vinay S. Kumar received a grant of 32,722 restricted stock units. These RSUs are an equity compensation award, not an open-market purchase, and increase his directly held common stock position to 312,936 shares after the transaction.
How many RSUs did the DigitalOcean (DOCN) executive receive in this Form 4/A?
The executive received 32,722 restricted stock units, each representing a right to one share of DigitalOcean common stock. The units were granted at a price of $0.00 per share as compensation and will vest over time, subject to his continued service with the company.
What are the vesting terms of the RSUs granted to the DigitalOcean (DOCN) officer?
The RSUs vest in 16 equal quarterly installments, beginning on June 1, 2026. Vesting on each date requires the reporting person to remain in continuous service with DigitalOcean, so the full award will be delivered gradually over four years if service continues.
What does each RSU in the DigitalOcean (DOCN) grant represent?
Each restricted stock unit in the grant represents a contingent right to receive one share of DigitalOcean common stock. The units convert into actual shares only as they vest, and vesting depends on the officer’s continuous service with the company through each quarterly vesting date.