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

Role: Chief Revenue Officer
Signature: /s/ Lisa Yun, Attorney-in-fact
Stock symbol: DOCU
Transactions as of: Jun 15, 2025
Transactions value $: $27,480
Form type: 4
Date filed: 6/17/2025, 06:03 PM
Previous filing: Sep 6, 2024
Next filing: Jul 17, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Hansen Paula	Chief Revenue Officer	C/O DOCUSIGN, INC., 221 MAIN STREET, SUITE 800, SAN FRANCISCO	/s/ Lisa Yun, Attorney-in-fact	2025-06-17	0001842656

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DOCU	Common Stock	Award	$27.5K	+515		$53.36	515	Apr 4, 2025	Direct	F1
transaction	DOCU	Common Stock	Options Exercise	$0	+50K		$0.00	50K	Jun 15, 2025	Direct
transaction	DOCU	Common Stock	Tax liability	$0	-25.4K	-50.26%	$0.00	25.1K	Jun 15, 2025	Direct

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	-29.3K	-45.83%	$0.00	34.6K	Jun 15, 2025	Common Stock	29.3K		Direct	F2, F3
transaction	DOCU	Performance Stock Units	Options Exercise	$0	-20.7K	-32.4%	$0.00	43.2K	Jun 15, 2025	Common Stock	20.7K		Direct	F2, F4

* 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	Each performance-vested restricted stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
F3	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.
F4	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.