DOCUSIGN, INC. — Director's Dealing 2025

Jun 17, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOCUSIGN, INC. (DOCU)
CIK: 0001261333
Period of Report: 2025-06-15

Reporting Person: Hansen Paula (Chief Revenue Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-04-04	Common Stock	A	515	$53.36	Acquired	515	Direct
2025-06-15	Common Stock	M	50001	—	Acquired	50001	Direct
2025-06-15	Common Stock	F	25391	—	Disposed	25125	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-06-15	Performance Stock Units	$	M	29293	Disposed		Common Stock (29293)	Direct
2025-06-15	Performance Stock Units	$	M	20708	Disposed		Common Stock (20708)	Direct

Footnotes

F1: Shares acquired pursuant to the Docusign, Inc. 2018 Employee Stock Purchase Plan ("ESPP"), for the ESPP purchase period of October 7, 2024, through April 4, 2025. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the issuer's common stock on October 7, 2024.

F2: Each performance-vested restricted stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.

F3: The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2025 (the "FY25 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 vesting commencement date 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 FY25 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.