Cynthia Gaylor - Dec 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: Dec 15, 2021
Transactions value $: -$302,210
Form type: 4
Date filed: 12/16/2021, 05:15 PM
Previous filing: Dec 6, 2021
Next filing: Mar 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DOCU	Common Stock	Options Exercise	$0	+4.22K	+37.03%	$0.00	15.6K	Dec 15, 2021	Direct
transaction	DOCU	Common Stock	Tax liability	-$302K	-2.09K	-13.4%	$144.46	13.5K	Dec 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	-3.02K	-8.33%	$0.00	33.2K	Dec 15, 2021	Common Stock	3.02K		Direct	F2, F3, F4
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-1.2K	-6.67%	$0.00	16.8K	Dec 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 ("RSU").
F2	Each RSU represents a contingent right to receive one share of common stock of the Issuer upon vesting.
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.