James P. Shaughnessy - Jun 15, 2023 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role: Chief Legal Officer
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, 08:17 PM
Previous filing: Mar 16, 2023
Next filing: Jul 11, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DOCU	Common Stock	Options Exercise	$0	+43.9K	+1216.45%	$0.00	47.5K	Jun 15, 2023	Direct
transaction	DOCU	Common Stock	Tax liability	$0	-20.4K	-42.82%	$0.00	27.2K	Jun 15, 2023	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	-2.93K	-7.14%	$0.00	38.1K	Jun 15, 2023	Common Stock	2.93K		Direct	F2, F3, F4
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-41K	-35%	$0.00	76.1K	Jun 15, 2023	Common Stock	41K		Direct	F2, F4, F5

* 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.
F2	Each restricted stock unit ("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 July 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 cancelled prior to vesting date.
F5	The RSUs will vest 35% on the one year anniversary of the grant date, 35% in equal quarterly installments after year one, 15% in equal quarterly installments after year two, and 15% in equal quarterly installments after year 3, with a vesting commencement date of June 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.