Allan C. Thygesen - 10 Dec 2024 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role
President and CEO, Director
Signature
/s/ Lisa Yun, Attorney-in-fact
Issuer symbol
DOCU
Transactions as of
10 Dec 2024
Net transactions value
$0
Form type
4
Filing time
11 Dec 2024, 20:00:39 UTC
Previous filing
03 Dec 2024
Next filing
17 Dec 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 +151,950 +152% $0.000000 252,012 10 Dec 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 Performance Stock Units Options Exercise $0 -151,950 -7% $0.000000 2,030,106 10 Dec 2024 Common Stock 151,950 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 10, 2024, the Issuer's Compensation Committee certified the achievement of performance criteria applicable to a portion of a Performance-Based Restricted Stock Units award ("PSUs") that was granted on October 14, 2022. The PSUs are further described in footnote 3. Pursuant to this certification, Tranche 1 (as defined in footnote 3) was achieved. As a result, the Reporting Person earned a total of 303,901 PSUs, of which 151,950 shares vested and will settle on December 15, 2024, and the remaining 151,951 shares will vest on December 10, 2026, subject to the Reporting Person's continuous CEO service on such dates.
F2 Each PSU represents a contingent right to receive one share of Issuer's common stock.
F3 The PSUs granted on October 14, 2022, shall vest subject to the achievement of stock price targets ("Shareholder Value Creation (SVC) PSUs") over a 7-year period ("SVC Performance Period"). The SVC PSUs are divided into 6 separate tranches (each, a "Tranche") that require achievement of certain share price targets (each, a "Share Price Target"). Tranches 1-5 are eligible to be achieved during a 5-year performance period, and to the extent achieved, will vest 50% upon achievement and 50% upon the 2-year anniversary of achievement, subject to the Reporting Person's continuous CEO service on such dates. Tranche 6 is eligible to be earned during a 7-year performance period, and to the extent earned, will vest 50% upon achievement and 50% upon the 2-year anniversary of achievement, subject to the Reporting Person's continuous CEO service on such dates. Tranche 1 has been achieved.