Roberts Brian Keith 4

What Happened
Brian Keith Roberts, a director of DocuSign, was granted 10,269 restricted stock units (RSUs) on March 9, 2026. The award is reported as a derivative grant (Form 4 code A) at a reported price of $0.00; the RSUs represent contingent rights to receive common stock upon vesting rather than an immediate cash purchase or sale.

Key Details

• Transaction date: 2026-03-09; Form 4 filed 2026-03-24 (filed 15 days after the transaction).
• Grant: 10,269 RSUs @ $0.00 (derivative award).
• Vesting: Twelve equal quarterly installments over three years, with a vesting commencement date of March 5, 2026 (vesting only if the reporting person remains a service provider).
• RSU terms: Each RSU converts to one share upon vesting; RSUs do not expire but are either vested or canceled prior to vesting.
• Shares owned after transaction: Not disclosed in this filing.
• Filing timeliness: The Form 4 was filed well after the typical 2-business-day reporting window; the late filing is noted here for investor awareness.

Context
RSU grants are typically compensation awards and do not represent an immediate cash outlay or divestiture by the insider. Because these are contingent awards that vest over time, they are different from open-market purchases (which can signal immediate confidence) or sales (which can signal liquidity needs). Investors should view this as a standard equity compensation grant to a director unless combined with other insider activity or material company news.