Allan C. Thygesen - 15 Dec 2025 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role
President and CEO, Director
Signature
/s/ Derrick Chapman, Attorney-in-fact
Issuer symbol
DOCU
Transactions as of
15 Dec 2025
Transactions value $
$0
Form type
4
Filing time
17 Dec 2025, 18:56:37 UTC
Previous filing
02 Oct 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Thygesen Allan C. President and CEO, Director C/O DOCUSIGN, INC., 221 MAIN STREET, SUITE 800, SAN FRANCISCO /s/ Derrick Chapman, Attorney-in-fact 17 Dec 2025 0001657309

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCU Common Stock Options Exercise $0 +65.6K +48.12% $0.00 202K 15 Dec 2025 Direct
transaction DOCU Common Stock Tax liability $0 -33.3K -16.5% $0.00 169K 15 Dec 2025 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 -11.5K -20% $0.00 46K 15 Dec 2025 Common Stock 11.5K Direct F2, F3, F4
transaction DOCU Restricted Stock Units Options Exercise $0 -8.75K -14.29% $0.00 52.5K 15 Dec 2025 Common Stock 8.75K Direct F2, F4, F5
transaction DOCU Restricted Stock Units Options Exercise $0 -10.5K -9.09% $0.00 105K 15 Dec 2025 Common Stock 10.5K Direct F2, F4, F6
transaction DOCU Restricted Stock Units Options Exercise $0 -10.6K -11.11% $0.00 84.8K 15 Dec 2025 Common Stock 10.6K Direct F2, F4, F7
transaction DOCU Performance Stock Units Options Exercise $0 -3.22K -33.34% $0.00 6.43K 15 Dec 2025 Common Stock 3.22K Direct F8, F9
transaction DOCU Performance Stock Units Options Exercise $0 -8.75K -33.33% $0.00 17.5K 15 Dec 2025 Common Stock 8.75K Direct F8, F10
transaction DOCU Performance Stock Units Options Exercise $0 -5.09K -13.61% $0.00 32.3K 15 Dec 2025 Common Stock 5.09K Direct F8, F11
transaction DOCU Performance Stock Units Options Exercise $0 -7.2K -26.82% $0.00 19.6K 15 Dec 2025 Common Stock 7.2K Direct F8, F12
* 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 ("RSUs") or performance-vested restricted stock units ("PSUs").
F2 Each 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 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, 2023, in each case subject to the reporting person being a service provider through such date.
F6 The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of May 10, 2024, in each case subject to the reporting person being a service provider through such date.
F7 The RSUs will vest quarterly over a four year period commencing May 10, 2025, with 40% vesting during year 1, 35% vesting during year 2, 15% vesting during year 3, and 10% vesting during year 4, in each case subject to the Reporting Person being a service provider through each such date.
F8 Each PSU represents a contingent right to receive one share of the Issuer's common stock.
F9 The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2024 (the "FY24 Performance Period"). The maximum number of subscription revenue-based PSUs that may vest is capped at 200% of the target number of subscription revenue-based PSUs. To the extent achieved, 1/3 of any achieved subscription revenue-based PSUs will vest following the one-year anniversary of the date of grant and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
F10 The PSUs will vest depending on the Company's free cash flow for the FY24 Performance Period. The maximum number of free cash flow-based PSUs that may vest is capped at 200% of the target number of free cash flow-based PSUs. To the extent achieved, 1/3 of any achieved free cash flow-based PSUs will vest following the one-year anniversary of the date of grant and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
F11 The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2025 (the "FY25 Performance Period"). The maximum number of subscription revenue-based PSUs that may vest is capped at 200% of the target number of subscription revenue-based PSUs. To the extent achieved, 1/3 of any achieved subscription revenue-based PSUs will vest following the one-year anniversary of the vesting commencement date and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
F12 The PSUs will vest depending on the Company's free cash flow for the FY25 Performance Period. The maximum number of free cash flow-based PSUs that may vest is capped at 200% of the target number of free cash flow-based PSUs. To the extent achieved, 1/3 of any achieved free cash flow-based PSUs will vest following the one-year anniversary of the vesting commencement date and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.