Blake Jeffrey Grayson - Jun 9, 2023 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role
CFO Designee
Signature
/s/ Lisa Yun, Attorney in Fact
Stock symbol
DOCU
Transactions as of
Jun 9, 2023
Transactions value $
$0
Form type
4
Date filed
6/12/2023, 08:45 PM
Previous filing
Jun 1, 2023
Next filing
Sep 19, 2023

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 Award $0 +370K $0.00 370K Jun 9, 2023 Common Stock 370K Direct F1, F2, F3
transaction DOCU Restricted Stock Units Award $0 +139K $0.00 139K Jun 9, 2023 Common Stock 139K Direct F1, F3, F4
transaction DOCU Restricted Stock Units Award $0 +92.6K $0.00 92.6K Jun 9, 2023 Common Stock 92.6K Direct F1, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 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
F3 The RSUs do not expire; they either vest or are canceled prior to vesting date.
F4 The RSUs will vest 100% on the one year anniversary of the vesting commencement date of June 10, 2023, subject to the Reporting Person being a service provider through such 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.