4//SEC Filing
Hansen Paula 4
Accession 0001842656-25-000006
CIK 0001261333other
Filed
Sep 15, 8:00 PM ET
Accepted
Sep 16, 6:57 PM ET
Size
16.6 KB
Accession
0001842656-25-000006
Insider Transaction Report
Form 4
DOCUSIGN, INC.DOCU
Hansen Paula
Chief Revenue Officer
Transactions
- Exercise/Conversion
Common Stock
2025-09-15+80,455→ 105,580 total - Exercise/Conversion
Performance Stock Units
2025-09-15−7,324→ 27,303 total→ Common Stock (7,324 underlying) - Tax Payment
Common Stock
2025-09-15−40,857→ 64,723 total - Exercise/Conversion
Restricted Stock Units
2025-09-15−63,920→ 191,761 total→ Common Stock (63,920 underlying) - Exercise/Conversion
Performance Stock Units
2025-09-15−5,178→ 38,034 total→ Common Stock (5,178 underlying) - Exercise/Conversion
Restricted Stock Units
2025-09-15−4,033→ 36,298 total→ Common Stock (4,033 underlying)
Footnotes (8)
- [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") and performance-vested restricted stock unit ("PSUs").
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F3]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 August 10, 2024, 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 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.
- [F6]Each PSU represents a contingent right to receive one share of the Issuer's common stock.
- [F7]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.
- [F8]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.
Documents
Issuer
DOCUSIGN, INC.
CIK 0001261333
Entity typeother
Related Parties
1- filerCIK 0001842656
Filing Metadata
- Form type
- 4
- Filed
- Sep 15, 8:00 PM ET
- Accepted
- Sep 16, 6:57 PM ET
- Size
- 16.6 KB