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

Role: President, Field Operations
Signature: /s/ Lisa Yun, Attorney-in-fact
Issuer symbol: DOCU
Transactions as of: 15 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 16 Jun 2023, 20:16:46 UTC
Previous filing: 12 Jul 2022
Next filing: 10 Jul 2023
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	+175,891		$0.000000	175,891	15 Jun 2023	Direct
transaction	DOCU	Common Stock	Tax liability	$0	-75,756	-43%	$0.000000	100,315	15 Jun 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	+97,717	+50%	$0.000000	293,153	15 Jun 2023	Common Stock	97,717		Direct	F1, F2, F3
transaction	DOCU	Restricted Stock Units	Award	$0	+78,174		$0.000000^*	0	15 Jun 2023	Common Stock	78,174		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.