Inhi Cho Suh - 15 Sep 2023 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role: President, Product Engineering
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, 20:49:58 UTC
Previous filing: 11 Jul 2023
Next filing: 19 Dec 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	+135,081	+1105%	$0.000000	147,311	15 Sep 2023	Direct
transaction	DOCU	Common Stock	Tax liability	$0	-66,974	-45%	$0.000000	80,337	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	-51,986	-100%	$0.000000^*	0	15 Sep 2023	Common Stock	51,986		Direct	F2, F3, F4
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-4,921	-6.2%	$0.000000	73,819	15 Sep 2023	Common Stock	4,921		Direct	F2, F4, F5
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-78,174	-25%	$0.000000	234,522	15 Sep 2023	Common Stock	78,174		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.
F2	Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F3	The RSUs will vest 100% on the one year anniversary of the vesting commencement date of July 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.
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, 2023, in each case subject to the reporting person being a service provider through such date.
F6	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 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.