Solvik Peter 4

What Happened

• Peter Solvik, a director of DocuSign (DOCU), had 729 restricted stock units (RSUs) convert into 729 shares of common stock on February 28, 2026. The conversion was reported as an exercise/conversion of a derivative (transaction code M). The reported acquisition price was $0.00 and the reported value is $0, reflecting that these were vested awards rather than a market purchase.

Key Details

• Transaction date: 2026-02-28 (reported on Form 4 filed 2026-03-03).
• Transaction type: Exercise/conversion of derivative (code M) — 729 RSUs converted to 729 shares; the derivative (RSU) was also reported as disposed/terminated in the filing.
• Price/Value: $0.00 per share; total reported cash consideration $0 (typical for vested RSUs).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 explains each RSU equals a contingent right to one share. F2 describes a vesting schedule (vest commencement 5/29/2025, quarterly over one year, with the final installment possibly vesting earlier at the next annual meeting). F3 notes RSUs do not expire but vest or are canceled.
• Timeliness: Filing period ends 2026-02-28 and the Form 4 was filed 2026-03-03 — no late-filing flag indicated.

Context

• This was a vesting/conversion of RSUs (a common, non-cash compensation event for insiders), not a market purchase or sale. Such awards are routine personnel compensation and do not by themselves indicate an insider buying or selling stock for investment reasons. The derivative disposal line reflects the RSUs being settled/terminated upon conversion to common shares.