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

Role: SVP, General Counsel
Signature: /s/ Brian Kelly, Attorney-in-fact
Stock symbol: DOCU
Transactions as of: Dec 15, 2021
Transactions value $: -$371,262
Form type: 4
Date filed: 12/16/2021, 05:16 PM
Previous filing: Oct 27, 2021
Next filing: Jan 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DOCU	Common Stock	Options Exercise	$0	+5.18K	+124.69%	$0.00	9.34K	Dec 15, 2021	Direct
transaction	DOCU	Common Stock	Tax liability	-$371K	-2.57K	-27.53%	$144.46	6.77K	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	-3.68K	-12.5%	$0.00	25.8K	Dec 15, 2021	Common Stock	3.68K		Direct	F2, F3, F4
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-734	-9.09%	$0.00	7.34K	Dec 15, 2021	Common Stock	734		Direct	F2, F4, F5
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-764	-6.67%	$0.00	10.7K	Dec 15, 2021	Common Stock	764		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 common stock of the Issuer upon vesting.
F3	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.
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 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.
F6	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.