Daniel D. Springer - Mar 29, 2021 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role
President and CEO, Director
Signature
/s/ Brian Kelly, Attorney-in-fact
Stock symbol
DOCU
Transactions as of
Mar 29, 2021
Transactions value $
-$3,255,625
Form type
4
Date filed
6/16/2021, 08:24 PM
Next filing
Jun 11, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCU Common Stock Gift $0 -2.71K -0.17% $0.00 1.57M Mar 29, 2021 Direct
transaction DOCU Common Stock Options Exercise $0 +25.5K +1.63% $0.00 1.59M Jun 15, 2021 Direct
transaction DOCU Common Stock Tax liability -$3.26M -12.7K -0.79% $257.26* 1.58M Jun 15, 2021 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 -6.72K -20% $0.00 26.9K Jun 15, 2021 Common Stock 6.72K Direct F2, F3, F4
transaction DOCU Restricted Stock Units Options Exercise $0 -5.38K -11.11% $0.00 43.1K Jun 15, 2021 Common Stock 5.38K Direct F2, F4, F5
transaction DOCU Restricted Stock Units Options Exercise $0 -3.34K -7.69% $0.00 40K Jun 15, 2021 Common Stock 3.34K Direct F2, F4, F6
transaction DOCU Performance Stock Units Options Exercise $0 -5.04K -20% $0.00 20.2K Jun 15, 2021 Common Stock 5.04K $0.00 Direct F7
transaction DOCU Performance Stock Units Options Exercise $0 -5.04K -20% $0.00 20.2K Jun 15, 2021 Common Stock 5.04K $0.00 Direct F8
* 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 ("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 in sixteen equal quarterly installments over four years, with a vesting commencement date of May 10, 2018, 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 sixteen equal quarterly installments over four years, with a vesting commencement date of May 10, 2019, 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 sixteen equal quarterly installments over four years, with a vesting commencement date of May 10, 2020, in each case 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 achange in control of the Issuer.
F7 Represents shares issuable on settlement of performance stock units ("PSUs") granted to the Reporting Person. Each PSU represents a contingent right to receive one share of Issuer's Common Stock. The PSUs vest subject to the achievement of certain performance conditions involving the Issuer's stock price, subject to Reporting Person's continued service with the Issuer through each such vesting date.
F8 Represents shares issuable on settlement of performance stock units granted to the Reporting Person. Each PSU represents a contingent right to receive one share of Issuer's Common Stock. The PSUs began vesting upon the achievement of specified performance metrics achieved during the Issuer's fiscal year ending January 31, 2019. Twenty-five percent of the PSUs vested on April 22, 2019, and the balance of the PSUs shall vest in twelve equal quarterly installments starting May 10, 2019, in each case subject to the Reporting Person's continued service with the Issuer through each such vesting date.