Robert Chatwani - Jul 7, 2023 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role
President General Mgr, Growth
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, 05:33 PM
Previous filing
Jun 16, 2023
Next filing
Sep 18, 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 Performance Stock Units Award $0 +17.5K $0.00 17.5K Jul 7, 2023 Common Stock 17.5K Direct F1, F2
transaction DOCU Performance Stock Units Award $0 +8.75K $0.00 8.75K Jul 7, 2023 Common Stock 8.75K Direct F1, F3
transaction DOCU Performance Stock Units Award $0 +8.75K $0.00 8.75K Jul 7, 2023 Common Stock 8.75K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance vested restricted stock unit ("PSU") represents a contingent right to receive one share of Issuer common stock.
F2 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.
F3 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.
F4 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.