Allan C. Thygesen - 15 Jun 2023 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role: President and CEO, Director
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: 20 Jun 2023, 19:52:04 UTC
Previous filing: 05 Jun 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	+11,497	+153%	$0.000000	19,018	15 Jun 2023	Direct
transaction	DOCU	Common Stock	Tax liability	$0	-5,314	-28%	$0.000000	13,704	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	Performance Stock Units	Options Exercise	$0	-11,497	-6.2%	$0.000000	172,458	15 Jun 2023	Common Stock	11,497		Direct	F2, F3, F4

* 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 October 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 pursuant to their vesting schedule or are canceled prior to their final vesting date.