Scott V. Olrich - Jun 15, 2021 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role
Chief Operating Officer
Signature
/s/ Brian Kelly, Attorney-in-fact
Stock symbol
DOCU
Transactions as of
Jun 15, 2021
Transactions value $
-$3,768,087
Form type
4
Date filed
6/16/2021, 08:23 PM
Previous filing
Jun 11, 2021
Next filing
Jul 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCU Common Stock Options Exercise $0 +29.5K +14.27% $0.00 236K Jun 15, 2021 Direct
transaction DOCU Common Stock Tax liability -$3.77M -14.6K -6.19% $257.26 222K Jun 15, 2021 Direct F1

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 -3.07K -11.11% $0.00 24.6K Jun 15, 2021 Common Stock 3.07K Direct F2, F3, F4
transaction DOCU Restricted Stock Units Options Exercise $0 -1.47K -7.69% $0.00 17.6K Jun 15, 2021 Common Stock 1.47K Direct F2, F4, F5
transaction DOCU Restricted Stock Units Options Exercise $0 -25K -100% $0.00* 0 Jun 15, 2021 Common Stock 25K Direct F2, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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").
F2 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F3 The RSUs will vest in sixteen equal quarterly installments over four years, with a vesting commencement date of May 10, 2019, 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.
F4 The RSUs do not expire; they either vest or are canceled prior to vesting date.
F5 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 such date.The restricted stock units are subject to accelerated vesting in the event of a termination of employment of the Reporting Person including under certain circumstances following achange in control of the Issuer.
F6 Twenty-five percent of the total RSUs granted vested on April 10, 2018, and the balance of the RSUs shall vest in twelve equal quarterly installments until fully vested on April 10, 2021, 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.