Daniel D. Springer - 10 Oct 2023 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role
Director
Signature
/s/ Lisa Yun, Attorney-in-fact
Issuer symbol
DOCU
Transactions as of
10 Oct 2023
Transactions value $
-$7,099,714
Form type
4
Filing time
11 Oct 2023, 16:39:03 UTC
Previous filing
10 Oct 2023
Next filing
30 Nov 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 $5.22M +290K +27.55% $18.02 1.34M 10 Oct 2023 Direct
transaction DOCU Common Stock Sale -$12.3M -290K -21.6% $42.53 1.05M 10 Oct 2023 Direct F1, F2
holding DOCU Common Stock 140K 10 Oct 2023 By Trust F3

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 Stock Option (Right to Buy) Options Exercise $0 -290K -20.37% $0.00 1.13M 10 Oct 2023 Common Stock 290K $18.02 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person.
F2 The shares were sold at prices ranging from $42.32 to $43.04. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F3 These securities are held by The Daniel Springer Revocable Trust, of which the Reporting Person is trustee.
F4 Twenty-Five percent of the shares subject to the option shall vest on January 11, 2018 and the balance of the shares shall vest in equal monthly installments thereafter for 36 months.