Chatwani Robert 4
4 · DOCUSIGN, INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
DocuSign (DOCU) Robert Chatwani Exercises RSUs/PSUs, Net Sells
What Happened
Robert Chatwani, President General Manager, Growth at DocuSign (DOCU), had restricted/ performance-based equity convert/settle on March 15, 2026. The Form 4 shows 31,541 shares were acquired upon exercise/conversion of derivatives (price reported $0.00) and a total of 44,125 shares were disposed the same day. Of the disposed shares, 12,584 were withheld by the issuer to satisfy the reporting person’s tax obligation related to the vesting/settlement.
Key Details
- Transaction date: 2026-03-15; Form 4 filed 2026-03-17 (timely filing).
- Reported prices: $0.00 for all items (reflects settlement/vesting rather than a cash purchase).
- Shares acquired: 31,541 (conversion/settlement of derivatives, code M).
- Shares disposed: 44,125 total, including 12,584 shares withheld for taxes (code F; footnote F1). Net shares = 31,541 in − 44,125 out = net decrease of 12,584 shares.
- Shares owned after transaction: not provided in the supplied filing data.
- Notable footnotes: F1 explains shares were withheld to satisfy tax withholding on RSU/PSU vesting. Footnotes F2–F11 describe that these awards are RSUs/PSUs with various vesting schedules and performance conditions (subscription revenue and free cash flow performance periods referenced).
Context
These entries reflect settlement/vesting of restricted and performance-based share awards (PSUs/RSUs) rather than an open-market buy or sale. The $0.00 reporting for each line is consistent with issuance upon vesting and net settlement; the withholding of shares to cover taxes is a common, administrative step and not a separate market sale decision. Purchases by insiders tend to be more indicative of bullish sentiment; this filing mainly documents compensation settlement and tax withholding.
Insider Transaction Report
Form 4
DOCUSIGN, INC.DOCU
Chatwani Robert
President General Mgr, Growth
Transactions
- Exercise/Conversion
Common Stock
2026-03-15+31,541→ 101,738 total - Tax Payment
Common Stock
[F1]2026-03-15−12,584→ 89,154 total - Exercise/Conversion
Restricted Stock Units
[F2][F3][F4]2026-03-15−20,007→ 80,026 total→ Common Stock (20,007 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5][F4]2026-03-15−3,413→ 30,716 total→ Common Stock (3,413 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F6][F4]2026-03-15−3,457→ 24,199 total→ Common Stock (3,457 underlying) - Exercise/Conversion
Performance Stock Units
[F7][F8]2026-03-15−535→ 536 total→ Common Stock (535 underlying) - Exercise/Conversion
Performance Stock Units
[F7][F9]2026-03-15−1,458→ 1,460 total→ Common Stock (1,458 underlying) - Exercise/Conversion
Performance Stock Units
[F7][F10]2026-03-15−1,106→ 5,912 total→ Common Stock (1,106 underlying) - Exercise/Conversion
Performance Stock Units
[F7][F11]2026-03-15−1,565→ 2,705 total→ Common Stock (1,565 underlying)
Footnotes (11)
- [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").
- [F10]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.
- [F11]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 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 March 10, 2023, 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, 2024, in each case subject to the reporting person being a service provider through such date.
- [F6]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.
- [F7]Each PSU represents a contingent right to receive one share of the Issuer's common stock.
- [F8]The PSUs will vest depending on the Company 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.
- [F9]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.
Signature
/s/ Derrick Chapman, Attorney-in-fact|2026-03-17