DigitalOcean CFO granted 52,356 RSUs
Steinfort Matt reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Steinfort Matt reported acquisition or exercise transactions in this Form 4 filing.
DigitalOcean Holdings, Inc. Chief Financial Officer Matt Steinfort received a grant of 52,356 shares of common stock in the form of restricted stock units. These RSUs vest in 16 equal quarterly installments starting on June 1, 2026, contingent on his continued service. Following this award, he holds 598,272 shares of common stock directly.
Positive
- None.
Negative
- None.
Insights
CFO receives time-vested RSU grant as part of ongoing equity compensation.
The transaction shows DigitalOcean Holdings, Inc. granting CFO Matt Steinfort 52,356 restricted stock units of common stock at a stated price of $0.00 per share. This is categorized as a grant or award acquisition, not an open-market purchase.
The RSUs vest in 16 equal quarterly installments beginning on June 1, 2026, conditioned on his continued service. This structure is typical for executive retention, spreading the benefit over four years. After the grant, his direct holdings total 598,272 common shares, indicating the award is a modest addition to an already substantial position.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 52,356 | $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.
FAQ
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What did DigitalOcean (DOCN) CFO Matt Steinfort receive in this Form 4?
How do the newly granted RSUs to DigitalOcean CFO vest?
Is the DigitalOcean CFO Form 4 transaction a market purchase or sale?
What conditions apply to the DigitalOcean CFO’s new RSU award?
AI-generated analysis. How Rhea-AI works. Not financial advice.