AI assistant
DOCUSIGN, INC. — Director's Dealing 2024
Mar 19, 2024
30367_dirs_2024-03-19_bbc72fcd-ae3a-4706-83e2-f40bfd154a06.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DOCUSIGN, INC. (DOCU)
CIK: 0001261333
Period of Report: 2024-03-15
Reporting Person: Shute Stephen (President, Field Operations)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-15 | Common Stock | M | 29351 | — | Acquired | 34831 | Direct |
| 2024-03-15 | Common Stock | F | 10763 | — | Disposed | 24068 | Direct |
| 2024-03-19 | Common Stock | S | 15009 | $57.02 | Disposed | 9059 | Direct |
| 2024-03-19 | Common Stock | S | 100 | $57.47 | Disposed | 8959 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-15 | Restricted Stock Units | $ | M | 24430 | Disposed | Common Stock (24430) | Direct | |
| 2024-03-15 | Restricted Stock Units | $ | M | 4921 | Disposed | Common Stock (4921) | Direct |
Footnotes
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.
F2: The transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person.
F3: The shares were sold at prices ranging from $56.46 to $57.45. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F4: Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F5: The RSUs will vest 25% over the first year, while the remaining will vest in twelve (12) equal quarterly installments over three years, with a vesting commencement date of May 10, 2022, in each case subject to the Reporting Person being a service provider through each 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 a change in control of the Issuer.
F6: The RSUs do not expire; they either vest or are canceled prior to vesting date.
F7: The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of May 10, 2023, in each case subject to the reporting person being a service provider through such date.