Suh Inhi Cho 4
4 · DOCUSIGN, INC. · Filed Jul 11, 2023
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.