Mary Agnes Wilderotter - Dec 15, 2022 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role
Director
Signature
/s/ Lisa Yun, Attorney-in-fact
Stock symbol
DOCU
Transactions as of
Dec 15, 2022
Transactions value $
-$613,365
Form type
4
Date filed
12/16/2022, 03:18 PM
Previous filing
Dec 5, 2022
Next filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCU Common Stock Options Exercise $0 +30.1K +106.24% $0.00 58.5K Dec 15, 2022 Direct
transaction DOCU Common Stock Tax liability -$613K -10.3K -17.62% $59.55 48.2K 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 -30.1K -50% $0.00 30.1K Dec 15, 2022 Common Stock 30.1K Direct F2, F3, F4
* 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 restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F3 The RSU award will vest as follows: (i) 50% of the RSU award shall vest on the earlier of the six-month anniversary of the grant date, the appointment of a permanent chief executive officer or a change in control of the Company; and (ii) 50% of the RSU award shall vest in three equal installments, with 1/3 of the shares vesting on each of the four-month, seven-month and twelve-month anniversaries of the grant date, in each case subject to the Reporting Person's continued employment as interim Chief Executive Officer through each such date.
F4 The RSUs do not expire; they either vest or are canceled prior to vesting date.