Allan C. Thygesen - 15 Jun 2025 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
15 Jun 2025
Net transactions value
$0
Form type
4
Filing time
17 Jun 2025, 18:00:35 UTC
Previous filing
03 Apr 2025
Next filing
02 Jul 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Thygesen Allan C. President and CEO, Director C/O DOCUSIGN, INC., 221 MAIN STREET, SUITE 1550, SAN FRANCISCO /s/ Lisa Yun, Attorney-in-fact 17 Jun 2025 0001657309

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCU Common Stock Options Exercise $0 +91,798 +66% $0.000000 230,602 15 Jun 2025 Direct
transaction DOCU Common Stock Tax liability $0 -46,619 -20% $0.000000 183,983 15 Jun 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 -11,497 -14% $0.000000 68,984 15 Jun 2025 Common Stock 11,497 Direct F2, F3, F4
transaction DOCU Restricted Stock Units Options Exercise $0 -8,749 -11% $0.000000 69,991 15 Jun 2025 Common Stock 8,749 Direct F2, F4, F5
transaction DOCU Restricted Stock Units Options Exercise $0 -10,466 -7.7% $0.000000 125,592 15 Jun 2025 Common Stock 10,466 Direct F2, F4, F6
transaction DOCU Performance Stock Units Options Exercise $0 -3,216 -20% $0.000000 12,859 15 Jun 2025 Common Stock 3,216 Direct F7, F8
transaction DOCU Performance Stock Units Options Exercise $0 -8,750 -20% $0.000000 34,998 15 Jun 2025 Common Stock 8,750 Direct F7, F9
transaction DOCU Performance Stock Units Options Exercise $0 -20,343 -32% $0.000000 42,452 15 Jun 2025 Common Stock 20,343 Direct F7, F10
transaction DOCU Performance Stock Units Options Exercise $0 -28,777 -46% $0.000000 34,018 15 Jun 2025 Common Stock 28,777 Direct F7, F11
* 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, 2023, 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, 2024, 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 "FY24 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 FY24 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.
F10 The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2025 (the "FY25 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.
F11 The PSUs will vest depending on the Company's free cash flow for the FY25 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 vesting commencement date and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.