Allan C. Thygesen - Dec 15, 2024 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Signature
/s/ Lisa Yun, Attorney-in-fact
Stock symbol
DOCU
Transactions as of
Dec 15, 2024
Transactions value $
$0
Form type
4
Date filed
12/17/2024, 08:14 PM
Previous filing
Dec 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCU Common Stock Options Exercise $0 +42.7K +16.93% $0.00 295K Dec 15, 2024 Direct
transaction DOCU Common Stock Tax liability $0 -98.6K -33.47% $0.00 196K Dec 15, 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 -11.5K -11.11% $0.00 92K Dec 15, 2024 Common Stock 11.5K Direct F2, F3, F4
transaction DOCU Restricted Stock Units Options Exercise $0 -10.5K -6.67% $0.00 147K Dec 15, 2024 Common Stock 10.5K Direct F2, F4, F5
transaction DOCU Restricted Stock Units Options Exercise $0 -8.75K -9.09% $0.00 87.5K Dec 15, 2024 Common Stock 8.75K Direct F2, F4, F6
transaction DOCU Performance Stock Units Options Exercise $0 -3.22K -14.29% $0.00 19.3K Dec 15, 2024 Common Stock 3.22K Direct F7, F8
transaction DOCU Performance Stock Units Options Exercise $0 -8.75K -14.29% $0.00 52.5K Dec 15, 2024 Common Stock 8.75K Direct F7, F9
* 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 ("RSUs") or performance-vested restricted stock units ("PSUs").
F2 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F3 The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of October 10, 2022, 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 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, 2024, in each case subject to the reporting person being a service provider through such date.
F6 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.
F7 Each PSU represents a contingent right to receive one share of the Issuer's common stock.
F8 The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2024 (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 following the one-year anniversary of the date of grant and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
F9 The PSUs will vest depending on the Company'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 following the one-year anniversary of the date of grant and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.