Enrique Salem - Jul 1, 2021 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role
Director
Signature
/s/ Enrique T. Salem
Stock symbol
DOCU
Transactions as of
Jul 1, 2021
Transactions value $
-$2,752,576
Form type
4
Date filed
7/6/2021, 05:25 PM
Previous filing
Jun 21, 2021
Next filing
Aug 31, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCU Common Stock Options Exercise $21.4K +10K +6.68% $2.14 160K Jul 1, 2021 Direct
transaction DOCU Common Stock Sale -$2.77M -10K -6.26% $277.40 150K Jul 1, 2021 Direct F1
holding DOCU Common Stock 663K Jul 1, 2021 See footnotes F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DOCU Option (Right to Buy) Options Exercise $0 -10K -44.44% $0.00 12.5K Jul 1, 2021 Common Stock 10K $2.14 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.28 to $277.64, inclusive. The reporting person undertakes to provide to DocuSign, Inc., any security holder of DocuSign, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F2 Represents shares of Common Stock held directly by BCIP Venture Associates ("BCIP Venture"), BCIP Venture Associates-B ("BCIP Venture-B"), BCIP Venture Associates II, L.P. ("BCIP Venture II"), BCIP Venture Associates II-B, L.P. ("BCIP Venture II-B"), Bain Capital Venture Fund 2014, L.P. ("BCV Fund 2014") and Bain Capital Venture Coinvestment Fund, L.P. ("BCV Coinvestment Fund" and, collectively, the "Bain Capital Venture Entities").
F3 Bain Capital Venture Investors, LLC ("BCVI") is the ultimate general partner of each of BCV Fund 2014 and BCV Coinvestment Fund and governs the investment strategy and decision-making process with respect to investments held by each of BCIP Venture, BCIP Venture-B, BCIP Venture II and BCIP Venture II-B. Mr. Salem is a member of the Executive Committee and a Managing Director of BCVI. By virtue of the relationships described in this footnote, Mr. Salem may be deemed to share voting and dispositive power with respect to all of the shares of Common Stock held by the Bain Capital Venture Entities. Mr. Salem disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F4 This stock option was fully vested on the transaction date.