Robert Chatwani - 07 Jul 2023 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Reporting relationship: President General Mgr, Growth
Issuer ticker: DOCU
Reported as of: 07 Jul 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 11 Jul 2023, 17:33:46 UTC
Prior SEC filing: 16 Jun 2023
Next SEC filing: 18 Sep 2023
Source filing: View source filing
Reporting owner signature: /s/ Lisa Yun, Attorney in Fact

Key filing fact

Robert Chatwani filed Form 4 for DOCUSIGN, INC. (DOCU) on 11 Jul 2023.

Key facts

This page summarizes Robert Chatwani's Form 4 filing for DOCUSIGN, INC. (DOCU).
3 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 11 Jul 2023, 17:33.

Change

Previous filing in this sequence was filed on 16 Jun 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DOCU transaction Derivative

Performance Stock Units

Award

Transaction value: $0
Shares: +17,497
Change %
Price: $0.000000
Shares after: 17,497
Date: 07 Jul 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 17,497
Exercise price
Footnotes: F1, F2

DOCU transaction Derivative

Performance Stock Units

Award

Transaction value: $0
Shares: +8,748
Change %
Price: $0.000000
Shares after: 8,748
Date: 07 Jul 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,748
Exercise price
Footnotes: F1, F3

DOCU transaction Derivative

Performance Stock Units

Award

Transaction value: $0
Shares: +8,748
Change %
Price: $0.000000
Shares after: 8,748
Date: 07 Jul 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,748
Exercise price
Footnotes: F1, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Each performance vested restricted stock unit ("PSU") represents a contingent right to receive one share of Issuer common stock.

Footnote 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.

Footnote 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.

Footnote 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.