Enrique Salem - Dec 17, 2021 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role
Director
Signature
/s/ Enrique T. Salem
Stock symbol
DOCU
Transactions as of
Dec 17, 2021
Transactions value $
-$5,607,259
Form type
4
Date filed
12/21/2021, 05:35 PM
Previous filing
Nov 30, 2021
Next filing
Jan 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCU Common Stock Other $0 -625K -94.3% $0.00 37.8K Dec 17, 2021 See footnotes F1, F2, F3
transaction DOCU Common Stock Sale -$1.79M -12.1K -32.15% $147.82 25.6K Dec 21, 2021 See footnotes F1, F2, F4
transaction DOCU Common Stock Sale -$3.08M -20.7K -80.88% $148.59 4.9K Dec 21, 2021 See footnotes F1, F2, F5
transaction DOCU Common Stock Sale -$658K -4.4K -89.8% $149.57 500 Dec 21, 2021 See footnotes F1, F2, F6
transaction DOCU Common Stock Sale -$75.2K -500 -100% $150.50 0 Dec 21, 2021 See footnotes F1, F2, F7
holding DOCU Common Stock 163K Dec 17, 2021 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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"), Bain Capital Venture Partners 2014, L.P. ("BCV Partners 2014"), Bain Capital Venture Coinvestment Fund, L.P. ("BCV Coinvest Fund") and Bain Capital Venture Coinvestment Partners, L.P. ("BCV Coinvest Partners" and, collectively, the "Bain Capital Venture Entities").
F2 Bain Capital Venture Investors, LLC ("BCVI") is (i) the general partner of each of BCV Partners 2014, which is the general partner of BCV Fund 2014, and BCV Coinvest Partners, which is the general partner of BCV Coinvest Fund, and (ii) 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 securities except to the extent of his pecuniary interest therein.
F3 On December 17, 2021, certain of the Bain Capital Venture Entities distributed an aggregate of 624,736 shares of Common Stock to one or more partners in pro-rata in-kind distributions without consideration, including an aggregate of 12,790 shares of Common Stock that were distributed to Mr. Salem.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $147.20 to $148.19, 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 ranges set forth in footnotes (4) through (7) to this Form 4.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $148.205 to $149.1925, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $149.2175 to $150.17, inclusive.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $150.21 to $150.975, inclusive.
F8 Includes 12,790 shares of Common Stock received in the distributions referred to in footnote (3) above.