DOCUSIGN, INC. — Director's Dealing 2020

Jul 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOCUSIGN, INC. (DOCU)
CIK: 0001261333
Period of Report: 2020-07-02

Reporting Person: Salem Enrique T (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-02	Common Stock	S	1000	$180.257	Disposed	2035745	Indirect
2020-07-02	Common Stock	S	2920	$182.014	Disposed	2032825	Indirect
2020-07-02	Common Stock	S	2100	$182.6743	Disposed	2030725	Indirect
2020-07-02	Common Stock	S	3200	$183.8808	Disposed	2027525	Indirect
2020-07-02	Common Stock	S	4805	$185.1524	Disposed	2022720	Indirect
2020-07-02	Common Stock	S	6003	$185.9395	Disposed	2016717	Indirect
2020-07-02	Common Stock	S	4810	$187.1032	Disposed	2011907	Indirect
2020-07-02	Common Stock	S	5700	$187.9972	Disposed	2006207	Indirect
2020-07-02	Common Stock	S	4784	$189.1723	Disposed	2001423	Indirect
2020-07-02	Common Stock	S	4647	$189.7831	Disposed	1996776	Indirect
2020-07-02	Common Stock	S	3735	$191.0131	Disposed	1993041	Indirect
2020-07-02	Common Stock	S	2000	$192.2865	Disposed	1991041	Indirect
2020-07-02	Common Stock	S	1500	$193.4653	Disposed	1989541	Indirect
2020-07-02	Common Stock	S	1941	$194.3347	Disposed	1987600	Indirect
2020-07-02	Common Stock	S	100	$194.98	Disposed	1987500	Indirect
2020-07-06	Common Stock	S	15000	$197.6921	Disposed	152990	Direct

Footnotes

F1: Represents shares of Common Stock held directly by BCIP Venture Associates ("BCIP Venture"), BCIP Venture Associates-B ("BCIP Venture-B"), BCIP Venture Associates II, L.P. ("BCIP Venture II"), BCIP Venture Associates II-B, L.P. ("BCIP Venture II-B"), Bain Capital Venture Fund 2014, L.P. ("Venture Fund 2014"), Bain Capital Venture Partners 2014, L.P. ("Venture Partners 2014"), Bain Capital Venture Coinvestment Fund, L.P. ("Coinvestment Fund") and Bain Capital Venture Coinvestment Partners, L.P. ("Coinvestment Partners" and, collectively, the "Bain Venture Entities").

F2: Bain Capital Venture Investors, LLC ("BCVI") is (i) the general partner of Venture Partners 2014 and Coinvestment Partners, (ii) the ultimate general partner of Venture Fund 2014 and Coinvestment Fund and (iii) governs the investment strategy and decision making process with respect to investments held by each of BCIP Venture, BCIP Venture-B, BCIP Venture II and BCIP Venture II-B. Mr. Salem is a member of the Executive Committee and a Managing Director of BCVI. By virtue of the relationships described in this footnote, Mr. Salem may be deemed to share voting and dispositive power with respect to all of the shares of Common Stock held by the Bain Venture Entities. Mr. Salem disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $179.86 to $180.86, inclusive. The reporting person undertakes to provide to DocuSign, Inc., any security holder of DocuSign, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3) through (17) to this Form 4.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $181.40 to $182.38, inclusive.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $182.43 to $183.29, inclusive.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $183.44 to $184.35, inclusive.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $184.50 to $185.49, inclusive.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $185.51 to $186.49, inclusive.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $186.53 to $187.52, inclusive.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $187.57 to $188.50, inclusive.

F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $188.59 to $189.59, inclusive.

F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $189.60 to $190.46, inclusive.

F13: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $190.62 to $191.48, inclusive.

F14: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $191.82 to $192.82, inclusive.

F15: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $192.88 to $193.83, inclusive.

F16: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $193.89 to $194.87, inclusive.

F17: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.50 to $197.815, inclusive.

F18: Includes 89,811 shares previously reported as indirectly owned by Mr. Salem through NPI Capital, LLC.