DOCUSIGN, INC. — Director's Dealing 2023

Jul 11, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOCUSIGN, INC. (DOCU)
CIK: 0001261333
Period of Report: 2023-07-07

Reporting Person: Chatwani Robert (President General Mgr, Growth)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-07	Performance Stock Units	$	A	17497	Acquired		Common Stock (17497)	Direct
2023-07-07	Performance Stock Units	$	A	8748	Acquired		Common Stock (8748)	Direct
2023-07-07	Performance Stock Units	$	A	8748	Acquired		Common Stock (8748)	Direct

Footnotes

F1: Each performance vested restricted stock unit ("PSU") represents a contingent right to receive one share of Issuer common stock.

F2: The PSUs will vest depending on the Company's total shareholder return ("TSR") over a three year performance period, relative to companies in the Nasdaq Composite Index, subject to continued service with certain limited exceptions. The maximum number of TSR based PSUs that may vest is capped at 200% of the target number of TSR based PSUs.

F3: The PSUs will vest depending on the Company's subscription revenue for the twelve month period ended January 31, 2024 (the "One Year 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.

F4: The PSUs will vest depending on the Company's free cash flow for the One Year 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.