Docusign, Inc. - Aug 28, 2024 Form 3 Insider Report for DOCUSIGN, INC. (DOCU)

Role: Chief Revenue Officer
Signature: /s/ Lisa Yun, Attorney-in-fact
Stock symbol: DOCU
Transactions as of: Aug 28, 2024
Transactions value $: $0
Form type: 3
Date filed: 9/6/2024, 06:01 PM

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
holding	DOCU	Restricted Stock Units							Aug 28, 2024	Common Stock	256K		Direct	F1, F2, F3
holding	DOCU	Performance Stock Units							Aug 28, 2024	Common Stock	128K		Direct	F4, F5
holding	DOCU	Performance Stock Units							Aug 28, 2024	Common Stock	63.9K		Direct	F5, F6
holding	DOCU	Performance Stock Units							Aug 28, 2024	Common Stock	63.9K		Direct	F5, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units ("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 August 10, 2024, in each case subject to the Reporting Person being a service provider through each such date. The RSUs are subject to accelerated vesting in the event of certain qualifying terminations of employment of the Reporting Person, including under certain circumstances following a change in control of the Issuer.
F2	The RSUs do not expire; they either vest or are canceled prior to vesting date.
F3	Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F4	The performance-vested restricted stock units ("PSUs") will vest depending on the Issuer's total shareholder return ("TSR") over a three-year performance period, relative to companies in the Nasdaq Composite Index, subject to the Reporting Person being a service provider with certain limited exceptions. The maximum number of TSR-based PSUs that may vest is capped at 200% of the target number of TSR-based PSUs.
F5	Each PSU represents a contingent right to receive one share of the Issuer's common stock.
F6	The PSUs will vest depending on the Issuer's subscription revenue for the twelve-month period ended January 31, 2025 (the "One-Year Performance Period"). The maximum number of subscription revenue-based PSUs that may vest is capped at 200% of the target number of subscription revenue-based PSUs. To the extent achieved, 1/3 of any achieved subscription revenue-based PSUs will vest on June 10, 2025 and the balance will vest in eight equal quarterly installments thereafter, subject to the Reporting Person being a service provider with certain limited exceptions.
F7	The PSUs will vest depending on the Issuer's free cash flow for the One-Year Performance Period. The maximum number of free cash flow-based PSUs that may vest is capped at 200% of the target number of free cash flow-based PSUs. To the extent achieved, 1/3 of any achieved free cash flow-based PSUs will vest on June 10, 2025 and the balance will vest in eight equal quarterly installments thereafter, subject to the Reporting Person being a service provider with certain limited exceptions.