Daniel D. Springer - Jun 15, 2022 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role
President and CEO, Director
Signature
/s/ Lisa Yun, Attorney-in-fact
Stock symbol
DOCU
Transactions as of
Jun 15, 2022
Transactions value $
-$786,855
Form type
4
Date filed
6/16/2022, 07:55 PM
Previous filing
Mar 17, 2022
Next filing
Jun 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCU Common Stock Options Exercise $0 +27.7K +1.72% $0.00 1.64M Jun 15, 2022 Direct
transaction DOCU Common Stock Tax liability -$787K -13.7K -0.84% $57.28 1.63M Jun 15, 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 -6.72K -100% $0.00* 0 Jun 15, 2022 Common Stock 6.72K Direct F2, F3, F4
transaction DOCU Restricted Stock Units Options Exercise $0 -5.38K -20% $0.00 21.5K Jun 15, 2022 Common Stock 5.38K Direct F2, F4, F5
transaction DOCU Restricted Stock Units Options Exercise $0 -3.34K -11.11% $0.00 26.7K Jun 15, 2022 Common Stock 3.34K Direct F2, F4, F6
transaction DOCU Restricted Stock Units Options Exercise $0 -2.18K -7.69% $0.00 26.2K Jun 15, 2022 Common Stock 2.18K Direct F2, F4, F7
transaction DOCU Performance Stock Units Options Exercise $0 -5.04K -100% $0.00* 0 Jun 15, 2022 Common Stock 5.04K $0.00 Direct F8
transaction DOCU Performance Stock Units Options Exercise $0 -5.04K -100% $0.00* 0 Jun 15, 2022 Common Stock 5.04K $0.00 Direct F9
* 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 in sixteen equal quarterly installments over four years, with a vesting commencement date of May 10, 2018, 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, 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.
F6 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 a change in control of the Issuer.
F7 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.
F8 Represents shares issuable on settlement of performance stock units ("PSUs") granted to the Reporting Person. Each PSU represents a contingent right to receive one share of Issuer's Common Stock. The PSUs vest subject to the achievement of certain performance conditions involving the Issuer's stock price, subject to Reporting Person's continued service with the Issuer through each such vesting date.
F9 Represents shares issuable on settlement of PSUs granted to the Reporting Person. Each PSU represents a contingent right to receive one share of Issuer's Common Stock. The PSUs began vesting upon the achievement of specified performance metrics achieved during the Issuer's fiscal year ending January 31, 2019. Twenty-five percent of the PSUs vested on April 22, 2019, and the balance of the PSUs shall vest in twelve equal quarterly installments starting May 10, 2019, in each case subject to the Reporting Person's continued service with the Issuer through each such vesting date.