Hansen Paula 4
4 · DOCUSIGN, INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
DocuSign (DOCU) CRO Paula Hansen Receives 32,515 Shares (Vesting)
What Happened
- Paula Hansen, Chief Revenue Officer of DocuSign (DOCU), had 32,515 shares issued on March 15, 2026 upon exercise/conversion of restricted/performance-based awards (transaction code M). The reported price per share is $0.00 because these were vested awards, not an open‑market purchase. To satisfy tax withholding obligations, the issuer withheld 16,252 shares (transaction code F), leaving a net of 16,263 shares delivered to Hansen.
Key Details
- Transaction date: 2026-03-15; Form 4 filed: 2026-03-17 (appears timely).
- Gross shares issued on conversion/exercise: 32,515 shares at $0.00.
- Shares withheld for taxes: 16,252 shares (share‑withholding to cover tax liabilities).
- Net shares delivered to insider: 32,515 − 16,252 = 16,263 shares.
- The filing lists additional conversion/disposition line items (15,980; 4,033; 7,324; 5,178) related to the settlement of different award tranches (all at $0.00).
- Shares owned following the transaction: not specified in the provided excerpt.
- Relevant footnotes: awards include RSUs and PSUs with varying vesting schedules and performance conditions; withholding is per issuer tax‑satisfaction practice.
Context
- These entries reflect award vesting/settlement (M = exercise/conversion of derivatives/awards; F = payment/tax withholding), not an open‑market sale or purchase. Tax withholding via share retention is common for vested equity awards and does not necessarily indicate a change in insider sentiment.
Insider Transaction Report
Form 4
DOCUSIGN, INC.DOCU
Hansen Paula
Chief Revenue Officer
Transactions
- Exercise/Conversion
Common Stock
2026-03-15+32,515→ 101,485 total - Tax Payment
Common Stock
[F1]2026-03-15−16,252→ 85,233 total - Exercise/Conversion
Restricted Stock Units
[F2][F3][F4]2026-03-15−15,980→ 159,801 total→ Common Stock (15,980 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5][F4]2026-03-15−4,033→ 28,232 total→ Common Stock (4,033 underlying) - Exercise/Conversion
Performance Stock Units
[F6][F7]2026-03-15−7,324→ 12,655 total→ Common Stock (7,324 underlying) - Exercise/Conversion
Performance Stock Units
[F6][F8]2026-03-15−5,178→ 27,678 total→ Common Stock (5,178 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 vesting commencement date 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