Blake Jeffrey Grayson - 15 Mar 2025 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 Mar 2025
Net transactions value: $0
Form type: 4
Filing time: 18 Mar 2025, 17:36:07 UTC
Previous filing: 18 Feb 2025
Next filing: 20 Mar 2025
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	+66%	$0.000000	129,252	15 Mar 2025	Direct
transaction	DOCU	Common Stock	Tax liability	$0	-19,181	-15%	$0.000000	110,071	15 Mar 2025	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	-10%	$0.000000	208,271	15 Mar 2025	Common Stock	23,141		Direct	F2, F3, F4
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-23,141	-50%	$0.000000	23,142	15 Mar 2025	Common Stock	23,141		Direct	F2, F4, F5
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-5,119	-7.1%	$0.000000	66,550	15 Mar 2025	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 ("RSUs").
F2	Each 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 or are canceled prior to 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.