Allan C. Thygesen - Jul 7, 2023 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role
President and CEO, Director
Signature
/s/ Lisa Yun, Attorney in Fact
Stock symbol
DOCU
Transactions as of
Jul 7, 2023
Transactions value $
$0
Form type
4
Date filed
7/11/2023, 05:32 PM
Previous filing
Jun 20, 2023
Next filing
Sep 19, 2023

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 Restricted Stock Units Award $0 +140K $0.00 140K Jul 7, 2023 Common Stock 140K Direct F1, F2, F3
transaction DOCU Performance Stock Units Award $0 +105K $0.00 105K Jul 7, 2023 Common Stock 105K Direct F4, F5
transaction DOCU Performance Stock Units Award $0 +52.5K $0.00 52.5K Jul 7, 2023 Common Stock 52.5K Direct F4, F6
transaction DOCU Performance Stock Units Award $0 +52.5K $0.00 52.5K Jul 7, 2023 Common Stock 52.5K Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of May 10, 2023, in each case subject to the reporting person being a service provider through such date.
F3 The RSUs do not expire; they either vest or are canceled prior to vesting date.
F4 Each performance-vested restricted stock unit ("PSU") represents a contingent right to receive one share of Issuer common stock.
F5 The PSUs will vest depending on the Company's total shareholder return ("TSR") over a three-year performance period, relative to companies in the Nasdaq Composite Index, subject to continued service with certain limited exceptions. The maximum number of TSR-based PSUs that may vest is capped at 200% of the target number of TSR-based PSUs.
F6 The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2024 (the "One-Year Performance Period"). The maximum number of subscription revenue-based PSUs that may vest is capped at 200% of the target number of subscription revenue-based PSUs. To the extent achieved, 1/3 of any achieved subscription revenue-based PSUs will vest following the one-year anniversary of the date of grant and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
F7 The PSUs will vest depending on the Company's free cash flow for the One Year Performance Period. The maximum number of free cash flow based PSUs that may vest is capped at 200% of the target number of free cash flow based PSUs. To the extent achieved, 1/3 of any achieved free cash flow based PSUs will vest following the one-year anniversary of the date of grant and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.