4/A: DigitalOcean Officer Amends RSU Grant Date

DigitalOcean's Chief Product & Tech Officer, Vinay S. Kumar, filed an amended Form 4 to correct the transaction date for a restricted stock unit grant.

Summary

• Vinay S. Kumar, Chief Product & Tech Officer of DigitalOcean Holdings, Inc. (DOCN), filed an amendment to a previously reported Form 4.
• The amendment corrects the transaction date for a grant of 32,722 Restricted Stock Units (RSUs) from March 20, 2026, to the correct date of March 10, 2026.
• Each RSU represents a contingent right to receive one share of common stock of DigitalOcean Holdings, Inc.
• The RSUs will vest in 16 equal quarterly installments, with vesting commencing on June 1, 2026.
• Vesting is contingent upon Mr. Kumar's continuous service with the Issuer on each vesting date.
• Following this transaction, Mr. Kumar beneficially owns 312,936 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is solely an amendment to correct a clerical error regarding a transaction date for an RSU grant, with no new material information regarding company performance or strategy.

Positives

• NA

Negatives

• NA

Future Outlook

The 32,722 Restricted Stock Units granted to Vinay S. Kumar are scheduled to vest in 16 equal quarterly installments, with the first installment commencing on June 1, 2026, provided Mr. Kumar maintains continuous service with DigitalOcean Holdings, Inc.

Management Comments

• The amendment is being filed solely to correct the transaction date previously reported in the Form 4 filed on March 24, 2026. The transaction was incorrectly reported as occurring on March 20, 2026; the correct transaction date is March 10, 2026. All other information remains unchanged.

Industry Context

StockSavvy.ai notes that Form 4/A filings are routine disclosures for insider transactions, specifically for amendments to previously filed reports. This type of filing ensures transparency in executive compensation and equity ownership, which is standard practice across publicly traded companies.

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is a clerical correction to a previously disclosed insider transaction. The underlying RSU grant was already known.
• Employees: No direct impact beyond the reporting person.

Next Steps

• Vesting of the granted RSUs will commence on June 1, 2026, in 16 equal quarterly installments.

Key Dates

Keywords

DigitalOcean, DOCN, Form 4, RSU, restricted stock units, insider transaction, Vinay Kumar, officer