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

Role
President, Field Operations
Signature
/s/ Lisa Yun
Stock symbol
DOCU
Transactions as of
Jul 10, 2022
Transactions value $
$30,000,054
Form type
4
Date filed
7/12/2022, 04:35 PM
Previous filing
Jun 10, 2022
Next filing
Jun 16, 2023

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 $25M +391K $63.96 391K Jul 10, 2022 Common Stock 391K Direct F1, F2, F3
transaction DOCU Restricted Stock Units Award $5M +78.2K $63.96 78.2K Jul 10, 2022 Common Stock 78.2K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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.