DigitalOcean (DOCN) CEO granted 130,891 RSUs vesting from June 2026
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 direct holdings to 803,782 shares after the grant.
The footnote explains that each RSU represents the right to receive one share of common stock. The shares underlying these RSUs vest in 16 equal quarterly installments, starting on June 1, 2026, and require his continuous service with the company on each vesting date.
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FAQ
What insider transaction did DigitalOcean (DOCN) disclose for its CEO?
The company disclosed that CEO Srinivasan Padmanabhan T received a grant of 130,891 restricted stock units (RSUs) of Common Stock. This is a compensation-related equity award, not an open-market share purchase, and it increases his direct holdings reported in this filing.
How many DigitalOcean (DOCN) shares does the CEO hold after this RSU grant?
After the RSU grant, the CEO is reported as holding 803,782 shares of Common Stock directly. This figure includes the newly awarded 130,891 RSUs as reflected in the filing’s total shares following the transaction entry.
How do the CEO’s DigitalOcean (DOCN) RSUs vest over time?
The 130,891 RSUs granted to the CEO vest in 16 equal quarterly installments. Vesting begins on June 1, 2026, and each installment requires his continuous service with DigitalOcean on the applicable vesting date to receive the underlying shares.
Did the DigitalOcean (DOCN) CEO buy these shares on the open market?
No. The filing describes the transaction as a grant or award acquisition, coded “A,” with a price of $0.00 per share. This indicates compensation-related RSUs, not an open-market purchase by the CEO.
What does each DigitalOcean (DOCN) RSU granted to the CEO represent?
Each RSU granted to the CEO represents a contingent right to receive one share of DigitalOcean common stock. The underlying shares are delivered only as the RSUs vest over 16 quarters, assuming the CEO continues to provide service on each vesting date.