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

Role
Chief Financial Officer
Signature
/s/ Lisa Yun, Attorney-in-fact
Stock symbol
DOCU
Transactions as of
Dec 15, 2022
Transactions value $
-$427,390
Form type
4
Date filed
12/16/2022, 03:18 PM
Previous filing
Sep 16, 2022
Next filing
Mar 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCU Common Stock Options Exercise $0 +14.5K +60.34% $0.00 38.5K Dec 15, 2022 Direct
transaction DOCU Common Stock Tax liability -$427K -7.18K -18.66% $59.55 31.3K Dec 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 -3.02K -12.5% $0.00 21.1K Dec 15, 2022 Common Stock 3.02K Direct F2, F3, F4
transaction DOCU Restricted Stock Units Options Exercise $0 -1.2K -9.09% $0.00 12K Dec 15, 2022 Common Stock 1.2K Direct F2, F4, F5
transaction DOCU Restricted Stock Units Options Exercise $0 -4.39K -6.67% $0.00 61.5K Dec 15, 2022 Common Stock 4.39K Direct F2, F4, F6
transaction DOCU Restricted Stock Units Options Exercise $0 -5.86K -6.25% $0.00 87.9K Dec 15, 2022 Common Stock 5.86K Direct F2, F4, F7
* 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.
F7 The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of July 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.