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

Role
Chief Financial Officer
Signature
/s/ Lisa Yun, Attorney-in-fact
Stock symbol
DOCU
Transactions as of
Dec 15, 2024
Transactions value $
-$758,196
Form type
4
Date filed
12/17/2024, 08:15 PM
Previous filing
Oct 16, 2024
Next filing
Dec 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCU Common Stock Options Exercise $0 +51.4K +65.68% $0.00 130K Dec 15, 2024 Direct
transaction DOCU Common Stock Tax liability $0 -20.2K -15.6% $0.00 109K Dec 15, 2024 Direct F1
transaction DOCU Common Stock Sale -$485K -5.14K -4.69% $94.42 104K Dec 16, 2024 Direct F2, F3
transaction DOCU Common Stock Sale -$273K -2.87K -2.75% $95.41 101K Dec 16, 2024 Direct F2, F4

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 -23.1K -9.09% $0.00 231K Dec 15, 2024 Common Stock 23.1K Direct F5, F6, F7
transaction DOCU Restricted Stock Units Options Exercise $0 -23.1K -33.33% $0.00 46.3K Dec 15, 2024 Common Stock 23.1K Direct F5, F7, F8
transaction DOCU Restricted Stock Units Options Exercise $0 -5.12K -6.67% $0.00 71.7K Dec 15, 2024 Common Stock 5.12K Direct F5, F7, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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").
F2 The transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person.
F3 The shares were sold at prices ranging from $94.12 to $ 94.95. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F4 The shares were sold at prices ranging from $95.17 to $ 95.93. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price
F5 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F6 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
F7 The RSUs do not expire; they either vest pursuant to their vesting schedule or are canceled prior to their final vesting date.
F8 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.
F9 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.