DOCUSIGN, INC. — Director's Dealing 2020

Jan 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOCUSIGN, INC. (DOCU)
CIK: 0001261333
Period of Report: 2020-01-03

Reporting Person: Solvik Peter (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-03	Common Stock	J	1817812	$0.00	Disposed	0	Indirect
2020-01-03	Common Stock	J	397426	$0.00	Acquired	397426	Indirect
2020-01-03	Common Stock	J	397426	$0.00	Disposed	0	Indirect
2020-01-03	Common Stock	J	57230	$0.00	Acquired	176721	Indirect
2020-01-03	Common Stock	S	17061	$75.1207	Disposed	177833	Indirect
2020-01-03	Common Stock	S	12939	$75.5827	Disposed	164894	Indirect
2020-01-03	Common Stock	S	13690	$74.84	Disposed	48910	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7561	Direct
Common Stock	6458	Indirect

Footnotes

F1: Represents pro-rata in-kind distributions without consideration as follows: (a) 1,687,973 shares of common stock distributed by Sigma Partners 7, L.P. to its partners, (b) 109,352 shares of common stock distributed by Sigma Associates 7, L.P. to its partners, and (c) 20,487 shares of common stock distributed by Sigma Investors 7, L.P. to its partners.

F2: Represents 397,426 shares of common stock received by Sigma Management 7, L.L.C. through pro-rata in-kind distributions without consideration as follows: (a) 394,691 shares received from Sigma Partners 7, L.P., and (b) 2,735 shares received from Sigma Investors 7, L.P. Sigma Management 7, L.L.C. has sole voting and investment power over these shares. Robert Davoli, Fahri Diner, Lawrence G. Finch, Gregory Gretsch, John Mandile, Peter Solvik, Robert Spinner and Wade Woodson, as managing members of Sigma Management 7, L.L.C., share this power.

F3: Represents a pro-rata in-kind distribution of 397,426 shares of common stock by Sigma Management 7, L.L.C. to its members.

F4: Represents 57,230 shares of common stock received by Solvik Family Partners L.P. Fund 2 through pro-rata in-kind distributions without consideration as follows: (a) 3,069 shares received from Sigma Partners 7, L.P., (b) 43,716 shares received from Sigma Management 7, L.L.C., and (c) 10,445 shares received from Sigma Associates 7, L.P.

F5: Represents the weighted average sale price. The lowest price at which shares were sold was $74.44 and the highest price at which shares were sold was $75.43. The reporting person undertakes to provide upon request to the staff of the Securities Exchange Commission, the issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (5), (6) and (7) to this Form 4.

F6: Represents the weighted average sale price. The lowest price at which shares were sold was $75.44 and the highest price at which shares were sold was $75.78.

F7: Represents the weighted average sale price. The lowest price at which shares were sold was $74.32 and the highest price at which shares were sold was $75.25.