Scott Olrich V - 15 Mar 2022 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role: Chief Operating Officer
Signature: /s/ Brian Kelly, Attorney-in-fact
Issuer symbol: DOCU
Transactions as of: 15 Mar 2022
Net transactions value: -$212,616
Form type: 4
Filing time: 17 Mar 2022, 16:59:25 UTC
Previous filing: 10 Feb 2022
Next filing: 30 Mar 2022
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	+5,850	+2.6%	$0.000000	233,566	15 Mar 2022	Direct
transaction	DOCU	Common Stock	Tax liability	$212,616	-2,903	-1.2%	$73.24	230,663	15 Mar 2022	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	-3,072	-17%	$0.000000	15,356	15 Mar 2022	Common Stock	3,072		Direct	F2, F3, F4
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-1,469	-10%	$0.000000	13,216	15 Mar 2022	Common Stock	1,469		Direct	F2, F4, F5
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-1,309	-7.1%	$0.000000	17,020	15 Mar 2022	Common Stock	1,309		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	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.