Adelman Warren J 4
Research Summary
AI-generated summary
DigitalOcean (DOCN) Director Warren J. Adelman Receives RSU Award
What Happened
- Warren J. Adelman, a director of DigitalOcean Holdings, Inc. (DOCN), was granted 1,223 restricted stock units (RSUs) on 2026-06-15. The award was reported at $0.00 purchase price (a compensation grant), so no cash was exchanged on grant.
Key Details
- Transaction date: 2026-06-15; Filing date (Form 4): 2026-06-17 (appears timely).
- Transaction type: Award/Grant (code A); shares granted: 1,223 RSUs; reported price: $0.00.
- Shares owned after transaction: not specified in the provided filing summary.
- Footnote (F1): These RSUs are part of the issuer's non-employee director compensation policy. Each RSU is a contingent right to one common share and vests on the earlier of (i) the first anniversary of the grant or (ii) the Issuer's 2027 annual meeting, subject to continuous service.
Context
- RSU grants to directors are routine compensation and do not represent an open-market purchase or sale. These awards typically convert to shares upon vesting and are not an immediate liquidity event.
- For retail investors: awards signal ongoing director compensation alignment with shareholders but should not be interpreted as a direct buy/sell endorsement of near-term stock direction.