Blake Jeffrey Grayson - 15 Sep 2024 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role: Chief Financial Officer
Signature: /s/ Lisa Yun, Attorney-in-fact
Issuer symbol: DOCU
Transactions as of: 15 Sep 2024
Net transactions value: $0
Form type: 4
Filing time: 17 Sep 2024, 17:35:42 UTC
Previous filing: 09 Jul 2024
Next filing: 18 Sep 2024
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	+51,401	+73%	$0.000000	121,874	15 Sep 2024	Direct
transaction	DOCU	Common Stock	Tax liability	$0	-20,227	-17%	$0.000000	101,647	15 Sep 2024	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	-23,141	-8.3%	$0.000000	254,553	15 Sep 2024	Common Stock	23,141		Direct	F2, F3, F4
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-23,141	-25%	$0.000000	69,424	15 Sep 2024	Common Stock	23,141		Direct	F2, F4, F5
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-5,119	-6.2%	$0.000000	76,788	15 Sep 2024	Common Stock	5,119		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 in sixteen equal quarterly installments over four years, with a vesting commencement date of June 10, 2023, 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 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 pursuant to their vesting schedule or are canceled prior to their final vesting date.
F5	Twenty-five percent of the total RSUs granted shall vest on September 10, 2024, and then balance of the RSUs shall vest twenty-five percent in three successive equal quarterly installments until fully vested on June 10, 2025, in each case subject to the reporting person being a service provider through each such date.
F6	The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of May 10, 2024, in each case subject to the reporting person being a service provider through such date.