Stephen Shute - 15 Dec 2023 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role: President, Field Operations
Signature: /s/ Lisa Yun, Attorney-in-fact
Issuer symbol: DOCU
Transactions as of: 15 Dec 2023
Net transactions value: $0
Form type: 4
Filing time: 19 Dec 2023, 17:07:23 UTC
Previous filing: 19 Sep 2023
Next filing: 20 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	+29,350	+1071%	$0.000000	32,090	15 Dec 2023	Direct
transaction	DOCU	Common Stock	Tax liability	$0	-13,004	-41%	$0.000000	19,086	15 Dec 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	-24,429	-9.1%	$0.000000	244,295	15 Dec 2023	Common Stock	24,429		Direct	F2, F3, F4
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-4,921	-6.7%	$0.000000	68,898	15 Dec 2023	Common Stock	4,921		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.
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 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 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.
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.