Kumar Vinay S. 4
Research Summary
AI-generated summary
DigitalOcean (DOCN) Chief Product & Tech Officer Kumar Receives RSU Award
What Happened
- Kumar Vinay S., Chief Product & Tech Officer at DigitalOcean Holdings, was granted 32,722 restricted stock units (RSUs) on 2026-03-20. The filing reports an acquisition at $0.00 because this is a compensation award, not a purchase or sale. RSUs convert to one share of common stock each upon vesting.
Key Details
- Transaction date and type: 2026-03-20 — Award/Grant (Code A) of 32,722 RSUs at $0.00.
- Vesting: The RSUs vest in 16 equal quarterly installments beginning June 1, 2026 (i.e., quarterly over four years), subject to continuous service.
- Shares owned after transaction: Not specified in the provided filing details.
- Filing: Form 4 filed 2026-03-24 (appears timely — within the typical two-business-day reporting window).
- Footnote: Each RSU represents a contingent right to one share of common stock upon vesting.
Context
- RSU grants are compensation and do not represent an immediate market purchase or sale; they indicate future potential issuance of shares as they vest. Retail investors should view this as routine executive compensation rather than a direct bullish or bearish trading signal.