Cynthia Gaylor - Sep 15, 2021 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role
Chief Financial Officer
Signature
/s/ Brian Kelly, Attorney-in-fact
Stock symbol
DOCU
Transactions as of
Sep 15, 2021
Transactions value $
-$1,681,307
Form type
4
Date filed
9/16/2021, 09:28 PM
Previous filing
Sep 7, 2021
Next filing
Nov 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCU Common Stock Options Exercise $0 +13.3K +136.41% $0.00 23K Sep 15, 2021 Direct
transaction DOCU Common Stock Tax liability -$1.68M -6.27K -27.27% $267.98 16.7K Sep 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 -12.1K -25% $0.00 36.2K Sep 15, 2021 Common Stock 12.1K Direct F2, F3, F4
transaction DOCU Restricted Stock Units Options Exercise $0 -1.2K -6.25% $0.00 18K Sep 15, 2021 Common Stock 1.2K Direct F2, F4, F5
* 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.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F3 The RSUs will vest 25% over the first year, while the remaining will vest in equal quarterly installments over four years, with a vesting commencement date of September 10, 2020, in each case subject to the Reporting Person being a service provider through each 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 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 equal quarterly installments over four years, with a vesting commencement date of May 10, 2021, in each case subject to the Reporting Person being a service provider through each 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 a change in control of the Issuer.