4//SEC Filing
Suh Inhi Cho 4
Accession 0001104659-23-080037
CIK 0001261333other
Filed
Jul 10, 8:00 PM ET
Accepted
Jul 11, 5:29 PM ET
Size
13.9 KB
Accession
0001104659-23-080037
Insider Transaction Report
Form 4
DOCUSIGN, INC.DOCU
Suh Inhi Cho
Director
Transactions
- Award
Restricted Stock Units
2023-07-07+78,740→ 78,740 total→ Common Stock (78,740 underlying) - Award
Performance Stock Units
2023-07-07+39,370→ 39,370 total→ Common Stock (39,370 underlying) - Award
Performance Stock Units
2023-07-07+19,685→ 19,685 total→ Common Stock (19,685 underlying) - Award
Performance Stock Units
2023-07-07+19,685→ 19,685 total→ Common Stock (19,685 underlying)
Footnotes (7)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of May 10, 2023, in each case subject to the reporting person being a service provider through such date.
- [F3]The RSUs do not expire; they either vest or are canceled prior to vesting date.
- [F4]Each performance-vested restricted stock unit ("PSU") represents a contingent right to receive one share of Issuer's common stock.
- [F5]The PSUs will vest depending on the Company's total shareholder return ("TSR") over a three-year performance period, relative to companies in the Nasdaq Composite Index, subject to continued service with certain limited exceptions. The maximum number of TSR-based PSUs that may vest is capped at 200% of the target number of TSR-based PSUs.
- [F6]The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2024 (the "One-Year 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.
- [F7]The PSUs will vest depending on the Company's free cash flow for the One-Year 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 0001750528
Filing Metadata
- Form type
- 4
- Filed
- Jul 10, 8:00 PM ET
- Accepted
- Jul 11, 5:29 PM ET
- Size
- 13.9 KB