DigitalOcean (NYSE: DOCN) awards 32,722 RSUs to tech leader
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kumar Vinay S. reported acquisition or exercise transactions in this Form 4 filing.
DigitalOcean Holdings, Inc. granted Chief Product & Tech Officer Vinay S. Kumar 32,722 restricted stock units (RSUs) of common stock as equity compensation. Each RSU represents a right to receive one share, vesting in 16 equal quarterly installments starting on June 1, 2026, conditioned on his continued service. Following this award, Kumar holds 312,936 shares of common stock directly, indicating this is a routine compensation-related equity grant rather than an open-market purchase.
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)
Footnotes (1)
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FAQ
What insider transaction did DigitalOcean (DOCN) report for Vinay S. Kumar?
DigitalOcean reported an equity grant to Chief Product & Tech Officer Vinay S. Kumar of 32,722 restricted stock units, or RSUs. These represent a compensation award rather than an open-market share purchase, tied to his ongoing service with the company over time.
How many RSUs did DigitalOcean (DOCN) grant and what do they represent?
DigitalOcean granted 32,722 restricted stock units to Vinay S. Kumar. Each RSU represents a contingent right to receive one share of DigitalOcean common stock, delivered only as the units vest according to the specified quarterly schedule and continued service requirement.
What is the vesting schedule for Vinay S. Kumar’s new RSUs at DigitalOcean (DOCN)?
The 32,722 RSUs vest in 16 equal quarterly installments, beginning on June 1, 2026. Vesting occurs every quarter after that date, so long as Kumar continues providing service to DigitalOcean on each vesting date under the terms of the grant.
What role does Vinay S. Kumar hold at DigitalOcean (DOCN) in this Form 4?
In this Form 4, Vinay S. Kumar is identified as DigitalOcean’s Chief Product & Tech Officer. The reported transaction is an RSU grant tied to that executive role, aligning part of his compensation with the company’s equity over a multi-year vesting period.