DigitalOcean (DOCN) product & tech chief awarded 280,214 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DigitalOcean Holdings, Inc. reported that Chief Product & Tech Officer Vinay S. Kumar acquired two equity awards in the form of common stock RSUs. He received 134,918 RSUs and a separate grant of 145,296 RSUs, each representing the right to receive one share of common stock per unit.
For the 134,918-unit award, 25% will vest on February 1, 2027, with the remaining units vesting in 12 equal quarterly installments beginning May 1, 2027, subject to continuous service. For the 145,296-unit award, 30% will vest on June 30, 2026, and the balance will vest on September 30, 2026, also contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kumar Vinay S.
Role
Chief Product & Tech Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 134,918 | $0.00 | -- |
| Grant/Award | Common Stock | 145,296 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 134,918 shares (Direct)
Footnotes (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. 25% of the shares underlying these RSUs shall vest on February 1, 2027, and the remaining shares underlying these RSUs shall vest in 12 equal quarterly installments beginning on May 1, 2027, subject to the Reporting Person's continuous service with the Issuer on each such date. 30% of the shares underlying these RSUs shall vest on June 30, 2026, and the remaining shares underlying these RSUs shall vest on September 30, 2026, 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 two grants of restricted stock units totaling 280,214 RSUs. These RSUs are awards, not open-market purchases, and each unit represents a contingent right to receive one share of common stock.
How many RSUs were granted to DigitalOcean (DOCN) executive Vinay S. Kumar?
Vinay S. Kumar was granted 134,918 RSUs in one award and 145,296 RSUs in a second award. Together, these two grants give him rights to receive up to 280,214 DigitalOcean common shares, subject to future vesting conditions.
What is the vesting schedule for Vinay S. Kumar’s 134,918 RSU grant at DigitalOcean (DOCN)?
For the 134,918 RSU award, 25% of the units vest on February 1, 2027. The remaining units then vest in 12 equal quarterly installments starting May 1, 2027, provided Kumar remains in continuous service with DigitalOcean on each vesting date.
How do the 145,296 RSUs granted to Vinay S. Kumar at DigitalOcean (DOCN) vest?
For the 145,296-unit RSU grant, 30% of the shares vest on June 30, 2026. The remaining RSUs vest on September 30, 2026, with both vesting dates conditioned on Kumar’s continuous service with DigitalOcean through each date.
Do the RSUs granted to DigitalOcean (DOCN) executive Vinay S. Kumar involve any purchase price?
The reported RSU grants show a transaction price per share of $0.00, indicating equity compensation awards rather than cash purchases. Each RSU is a contingent right to receive one share of DigitalOcean common stock upon vesting, assuming service conditions are satisfied.
Are Vinay S. Kumar’s newly granted DigitalOcean (DOCN) RSUs held directly or indirectly?
The Form 4 indicates that the RSUs are held with direct ownership by Vinay S. Kumar. The ownership code shown is “D” for direct, and no footnotes state that the awards are held through a separate entity or on behalf of another party.