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

Role: Chief Legal Officer
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, 20:17:49 UTC
Previous filing: 16 Mar 2023
Next filing: 11 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	+43,914	+1216%	$0.000000	47,524	15 Jun 2023	Direct
transaction	DOCU	Common Stock	Tax liability	$0	-20,351	-43%	$0.000000	27,173	15 Jun 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	-2,931	-7.1%	$0.000000	38,111	15 Jun 2023	Common Stock	2,931		Direct	F2, F3, F4
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-40,983	-35%	$0.000000	76,114	15 Jun 2023	Common Stock	40,983		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.