Stephen Shute - Jun 15, 2023 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role: President, Field Operations
Signature: /s/ Lisa Yun, Attorney-in-fact
Stock symbol: DOCU
Transactions as of: Jun 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/16/2023, 08:16 PM
Previous filing: Jul 12, 2022
Next filing: Jul 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DOCU	Common Stock	Options Exercise	$0	+176K		$0.00	176K	Jun 15, 2023	Direct
transaction	DOCU	Common Stock	Tax liability	$0	-75.8K	-43.03%	$0.00	100K	Jun 15, 2023	Direct

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	+97.7K	+50%	$0.00	293K	Jun 15, 2023	Common Stock	97.7K		Direct	F1, F2, F3
transaction	DOCU	Restricted Stock Units	Award	$0	+78.2K		$0.00^*	0	Jun 15, 2023	Common Stock	78.2K		Direct	F1, F3, F4

* 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 25% over the first year, while the remaining will vest in twelve (12) equal quarterly installments over three years, with a vesting commencement date of May 10, 2022, in each case subject to the Reporting Person being a service provider through each such date. The restricted stock units 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 May 10, 2022, subject to the Reporting Person being a service provider through such date. The restricted stock units 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.