Phi Tram T. - 15 Jun 2021 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role: SVP, General Counsel
Signature: /s/ Brian Kelly, Attorney-in-fact
Issuer symbol: DOCU
Transactions as of: 15 Jun 2021
Net transactions value: -$563,914
Form type: 4
Filing time: 16 Jun 2021, 20:23:32 UTC
Previous filing: 11 Jun 2021
Next filing: 16 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DOCU	Common Stock	Options Exercise	$0	+4,418	+31%	$0.000000	18,802	15 Jun 2021	Direct	F1
transaction	DOCU	Common Stock	Tax liability	$563,914	-2,192	-12%	$257.26	16,610	15 Jun 2021	Direct	F2

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	Options Exercise	$0	-3,683	-10%	$0.000000	33,147	15 Jun 2021	Common Stock	3,683		Direct	F3, F4, F5
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-735	-7.7%	$0.000000	8,811	15 Jun 2021	Common Stock	735		Direct	F3, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Securities Beneficially Owned includes shares acquired pursuant to Issuer's employee stock purchase plan in a transaction exempt under Rule 16b-3.
F2	Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting and settlement of restricted stock units ("RSU").
F3	Each RSU represents a contingent right to receive one share of common stock of the Issuer upon vesting.
F4	Twenty-five percent of the total RSUs granted vested on July 10, 2020, and the balance of the RSUs shall vest in twelve equal quarterly installments until fully vested on July 20, 2023, in each case subject to the Reporting Person being a service provider through each such date. The RSUs are subject to accelerated vesting in the event of a termination of employment of the Reporting Person including under certain circumstances following a change in control of the Issuer.
F5	The RSUs do not expire; they either vest or are canceled prior to vesting date.
F6	The RSUs will vest in sixteen equal quarterly installments over four years, with a vesting commencement date of May 10, 2020, in each case subject to the Reporting Person being a service provider through each such date.The RSUs are subject to accelerated vesting in the event of a termination of employment of the Reporting Person including under certain circumstances following a change in control of the Issuer.