Robert Chatwani - 15 Jun 2025 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Signature
/s/ Lisa Yun, Attorney-in-fact
Issuer symbol
DOCU
Transactions as of
15 Jun 2025
Transactions value $
$21,291
Form type
4
Filing time
17 Jun 2025, 18:03:46 UTC
Previous filing
20 Mar 2025
Next filing
18 Jun 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Chatwani Robert President General Mgr, Growth C/O DOCUSIGN, INC., 221 MAIN STREET, SUITE 1550, SAN FRANCISCO /s/ Lisa Yun, Attorney-in-fact 17 Jun 2025 0001968977

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCU Common Stock Award $21,291 +399 +0.52% $53.36 77,241 04 Apr 2025 Direct F1
transaction DOCU Common Stock Options Exercise $0 +36,090 +46.7% $0.000000 113,331 15 Jun 2025 Direct
transaction DOCU Common Stock Tax liability $0 -18,330 -16.2% $0.000000 95,001 15 Jun 2025 Direct F2

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 -20,007 -12.5% $0.000000 140,045 15 Jun 2025 Common Stock 20,007 Direct F3, F4, F5
transaction DOCU Restricted Stock Units Options Exercise $0 -3,413 -7.69% $0.000000 40,954 15 Jun 2025 Common Stock 3,413 Direct F3, F5, F6
transaction DOCU Performance Stock Units Options Exercise $0 -536 -20% $0.000000 2,142 15 Jun 2025 Common Stock 536 Direct F7, F8
transaction DOCU Performance Stock Units Options Exercise $0 -1,458 -20% $0.000000 5,834 15 Jun 2025 Common Stock 1,458 Direct F7, F9
transaction DOCU Performance Stock Units Options Exercise $0 -4,422 -32.4% $0.000000 9,229 15 Jun 2025 Common Stock 4,422 Direct F7, F10
transaction DOCU Performance Stock Units Options Exercise $0 -6,254 -45.8% $0.000000 7,397 15 Jun 2025 Common Stock 6,254 Direct F7, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired pursuant to the Docusign, Inc. 2018 Employee Stock Purchase Plan ("ESPP"), for the ESPP purchase period of October 7, 2024, through April 4, 2025. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the issuer's common stock on October 7, 2024.
F2 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") and performance-vested restricted stock unit ("PSUs").
F3 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F4 The RSUs will vest 25% over the first year, while the remaining will vest in twelve (12) equal quarterly installments over three years, with a vesting commencement date of March 10, 2023, 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.
F5 The RSUs do not expire; they either vest or are canceled prior to vesting 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 Each PSU represents a contingent right to receive one share of the Issuer's common stock.
F8 The PSUs will vest depending on the Company 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.
F9 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.
F10 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 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 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 date of grant and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.