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

Role
Former CFO
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, 20:18:47 UTC
Previous filing
16 Mar 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 +93,050 +241% $0.000000 131,628 15 Jun 2023 Direct
transaction DOCU Common Stock Tax liability $0 -46,137 -35% $0.000000 85,491 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 -3,019 -17% $0.000000 15,097 15 Jun 2023 Common Stock 3,019 Direct F2, F3, F4
transaction DOCU Restricted Stock Units Options Exercise $0 -1,201 -11% $0.000000 9,601 15 Jun 2023 Common Stock 1,201 Direct F2, F4, F5
transaction DOCU Restricted Stock Units Options Exercise $0 -4,391 -7.7% $0.000000 52,694 15 Jun 2023 Common Stock 4,391 Direct F2, F4, F6
transaction DOCU Restricted Stock Units Options Exercise $0 -5,863 -7.1% $0.000000 76,220 15 Jun 2023 Common Stock 5,863 Direct F2, F4, F7
transaction DOCU Restricted Stock Units Options Exercise $0 -50,449 -100% $0.000000* 0 15 Jun 2023 Common Stock 50,449 Direct F4, F8, F9
transaction DOCU Restricted Stock Units Options Exercise $0 -28,127 -100% $0.000000* 0 15 Jun 2023 Common Stock 28,127 Direct F8, F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Cynthia Gaylor is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 ("RSU").
F2 Each RSU represents a contingent right to receive one share of common stock of the Issuer upon vesting.
F3 The RSUs will vest 25% over the first year, while the remaining will vest in equal quarterly installments over four years, with a vesting commencement date of September 10, 2020, 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 canceled prior to vesting date.
F5 The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of May 10, 2021, 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.
F6 The RSUs will vest in equal quarterly installments over four 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 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.
F7 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.
F8 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F9 The RSUs will fully vest on the vesting commencement date of June 15, 2023, 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.
F10 The RSUs will vest in full on the one year anniversary of the vesting commencement date of April 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.
F11 The restricted stock units do not expire, they either vest or are canceled prior to vesting date.