Daniel D. Springer - 15 Sep 2023 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role: Director
Signature: /s/ Lisa Yun, Attorney-in-fact
Issuer symbol: DOCU
Transactions as of: 15 Sep 2023
Net transactions value: $0
Form type: 4
Filing time: 18 Sep 2023, 20:48:31 UTC
Previous filing: 31 Aug 2023
Next filing: 10 Oct 2023
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	+5,519	+0.44%	$0.000000	1,254,998	15 Sep 2023	Direct
transaction	DOCU	Common Stock	Tax liability	$0	-1,579	-0.13%	$0.000000	1,253,419	15 Sep 2023	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	-3,337	-25%	$0.000000	10,012	15 Sep 2023	Common Stock	3,337		Direct	F2, F3, F4
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-2,182	-12%	$0.000000	15,274	15 Sep 2023	Common Stock	2,182		Direct	F2, F4, F5

* 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 in sixteen equal quarterly installments over four years, with a vesting commencement date of May 10, 2020, in each case 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.
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.