DOCUSIGN, INC. — Director's Dealing 2024

Dec 11, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOCUSIGN, INC. (DOCU)
CIK: 0001261333
Period of Report: 2024-12-10

Reporting Person: Thygesen Allan C. (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-12-10	Common Stock	M	151950	—	Acquired	252012	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-12-10	Performance Stock Units	$	M	151950	Disposed		Common Stock (151950)	Direct

Footnotes

F1: On December 10, 2024, the Issuer's Compensation Committee certified the achievement of performance criteria applicable to a portion of a Performance-Based Restricted Stock Units award ("PSUs") that was granted on October 14, 2022. The PSUs are further described in footnote 3. Pursuant to this certification, Tranche 1 (as defined in footnote 3) was achieved. As a result, the Reporting Person earned a total of 303,901 PSUs, of which 151,950 shares vested and will settle on December 15, 2024, and the remaining 151,951 shares will vest on December 10, 2026, subject to the Reporting Person's continuous CEO service on such dates.

F2: Each PSU represents a contingent right to receive one share of Issuer's common stock.

F3: The PSUs granted on October 14, 2022, shall vest subject to the achievement of stock price targets ("Shareholder Value Creation (SVC) PSUs") over a 7-year period ("SVC Performance Period"). The SVC PSUs are divided into 6 separate tranches (each, a "Tranche") that require achievement of certain share price targets (each, a "Share Price Target"). Tranches 1-5 are eligible to be achieved during a 5-year performance period, and to the extent achieved, will vest 50% upon achievement and 50% upon the 2-year anniversary of achievement, subject to the Reporting Person's continuous CEO service on such dates. Tranche 6 is eligible to be earned during a 7-year performance period, and to the extent earned, will vest 50% upon achievement and 50% upon the 2-year anniversary of achievement, subject to the Reporting Person's continuous CEO service on such dates. Tranche 1 has been achieved.