Stephen Shute - 10 Jul 2022 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

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	Award	$25,000,045	+390,870		$63.96	390,870	10 Jul 2022	Common Stock	390,870		Direct	F1, F2, F3
transaction	DOCU	Restricted Stock Units	Award	$5,000,009	+78,174		$63.96	78,174	10 Jul 2022	Common Stock	78,174		Direct	F1, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2	The RSUs will vest 25% over the first year, while the remaining will vest in twelve (12) equal quarterly installments over three years, with a vesting commencement date of May 10, 2022, 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.
F3	The RSUs do not expire; they either vest or are canceled prior to vesting date.
F4	The RSUs will vest 100% on the one year anniversary of the vesting commencement date of May 10, 2022, 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.