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DOCUSIGN, INC.·4

Mar 17, 6:32 PM ET

Thygesen Allan C. 4

4 · DOCUSIGN, INC. · Filed Mar 17, 2026

Research Summary

AI-generated summary of this filing

Updated

DocuSign CEO Allan Thygesen Exercises Awards; Shares Withheld

What Happened

  • Allan C. Thygesen, President & CEO and Director of DocuSign (DOCU), reported conversions/exercises of derivative awards on March 15, 2026. The filing shows 65,560 shares acquired via exercise/conversion (code M) at $0.00 per share. The same filing reports multiple derivative-related disposals that together equal 65,560 shares (code M) and 29,334 shares withheld by the issuer to satisfy tax obligations (code F). All reported per-share prices are $0.00 (typical for RSU/PSU settlements rather than market trades).

Key Details

  • Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely filing).
  • Reported activity: 65,560 shares acquired (M); disposals via derivative conversion totaling 65,560 shares (M); 29,334 shares withheld for taxes (F).
  • Reported price: $0.00 per share for all entries (these reflect settlement/vesting, not open-market sale/purchase prices).
  • Shares owned after transaction: Not specified in the supplied summary — see the full Form 4 for post-transaction beneficial ownership.
  • Notable footnotes: F1 = shares withheld to satisfy tax withholding; F2/F8 = RSUs/PSUs convert to one share each; F3–F12 = details on RSU/PSU vesting schedules and performance conditions (subscription revenue and free cash flow metrics apply to certain PSUs).
  • Transaction codes explained: M = exercise/conversion of derivative; F = shares withheld to pay tax withholding.

Context

  • This filing appears to reflect settlement/vesting and a net/covering transaction rather than an open-market buy or sell. The pattern (shares issued via conversion and an equal number reported as disposed, plus shares withheld for taxes) is consistent with share settlement and sell-to-cover or net settlement to satisfy tax obligations on vested RSUs/PSUs. Such tax-withholding and conversion entries are routine and do not, by themselves, indicate a bullish or bearish view by the insider. For full detail (including exact post-transaction holdings and the specific awards involved), consult the complete Form 4 and its footnotes.

Insider Transaction Report

Form 4
Period: 2026-03-15
DOCUSIGN, INC.DOCU
Thygesen Allan C.
DirectorPresident and CEO
Transactions
  • Exercise/Conversion

    Common Stock

    2026-03-15+65,560→ 207,821 total
  • Tax Payment

    Common Stock

    [F1]
    2026-03-15−29,334→ 178,487 total
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F3][F4]
    2026-03-15−11,497→ 34,492 total
    → Common Stock (11,497 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F5][F4]
    2026-03-15−8,749→ 43,745 total
    → Common Stock (8,749 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F6][F4]
    2026-03-15−10,466→ 94,194 total
    → Common Stock (10,466 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F7][F4]
    2026-03-15−10,601→ 74,211 total
    → Common Stock (10,601 underlying)
  • Exercise/Conversion

    Performance Stock Units

    [F8][F9]
    2026-03-15−3,215→ 3,214 total
    → Common Stock (3,215 underlying)
  • Exercise/Conversion

    Performance Stock Units

    [F8][F10]
    2026-03-15−8,750→ 8,750 total
    → Common Stock (8,750 underlying)
  • Exercise/Conversion

    Performance Stock Units

    [F8][F11]
    2026-03-15−5,087→ 27,191 total
    → Common Stock (5,087 underlying)
  • Exercise/Conversion

    Performance Stock Units

    [F8][F12]
    2026-03-15−7,195→ 12,433 total
    → Common Stock (7,195 underlying)
Footnotes (12)
  • [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 ("RSUs") or performance-vested restricted stock units ("PSUs").
  • [F10]The PSUs will vest depending on the Company's free cash flow for the FY24 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.
  • [F11]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.
  • [F12]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 vesting commencement date and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
  • [F2]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
  • [F3]The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of October 10, 2022, in each case subject to the Reporting Person being a service provider through each such date. The RSUs 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.
  • [F4]The RSUs do not expire; they either vest or are canceled prior to vesting date.
  • [F5]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.
  • [F6]The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of May 10, 2024, in each case subject to the reporting person being a service provider through such date.
  • [F7]The RSUs will vest quarterly over a four year period commencing May 10, 2025, with 40% vesting during year 1, 35% vesting during year 2, 15% vesting during year 3, and 10% vesting during year 4, in each case subject to the Reporting Person being a service provider through each such date.
  • [F8]Each PSU represents a contingent right to receive one share of the Issuer's common stock.
  • [F9]The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2024 (the "FY24 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.
Signature
/s/ Derrick Chapman, Attorney-in-fact|2026-03-17

Documents

1 file
  • 4
    wk-form4_1773786757.xmlPrimary

    FORM 4