Srinivasan Padmanabhan T 4

What Happened Srinivasan Padmanabhan, CEO of DigitalOcean Holdings, was granted 130,891 restricted stock units (RSUs) on March 20, 2026. The grant is reported as an award (Code A) with an acquisition price of $0.00 (typical for RSU grants); no immediate cash exchanged hands. The RSUs represent a contingent right to receive one share of common stock per RSU subject to vesting.

Key Details

• Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (appears timely under the SEC two-business-day rule).
• Grant: 130,891 RSUs; reported acquisition price $0.00.
• Shares owned after the transaction: Not disclosed in this filing.
• Vesting/footnote: Footnote F1 — RSUs vest in 16 equal quarterly installments beginning June 1, 2026, contingent on continuous service.
• Transaction type: Award/Grant (RSUs); not a market purchase or sale.

Context RSU grants are a common element of executive compensation aimed at retention and aligning management with shareholder interests; they do not represent an immediate buy or sell of stock until vested and delivered. Because these are time- and service‑based awards, they should be viewed as compensation rather than a direct signal of the CEO’s short‑term view on the stock.