Cynthia Gaylor - 15 Sep 2022 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role: Chief Financial Officer
Signature: /s/ Lisa Yun, Attorney-in-fact
Issuer symbol: DOCU
Transactions as of: 15 Sep 2022
Net transactions value: -$219,252
Form type: 4
Filing time: 16 Sep 2022, 18:41:30 UTC
Previous filing: 27 Jul 2022
Next filing: 16 Dec 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	+8,611	+45%	$0.000000	27,607	15 Sep 2022	Direct
transaction	DOCU	Common Stock	Tax liability	$219,252	-3,621	-13%	$60.55	23,986	15 Sep 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	-3,020	-11%	$0.000000	24,154	15 Sep 2022	Common Stock	3,020		Direct	F2, F3, F4
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-1,200	-8.3%	$0.000000	13,202	15 Sep 2022	Common Stock	1,200		Direct	F2, F4, F5
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-4,391	-6.2%	$0.000000	65,867	15 Sep 2022	Common Stock	4,391		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	The RSUs will vest 25% over the first year, while the remaining will vest in equal quarterly installments over four years, with a vesting commencement date of September 10, 2020, 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.
F4	The RSUs do not expire; they either vest or are canceled prior to vesting date.
F5	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.
F6	The RSUs will vest in equal quarterly installments over four 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.