Salem Enrique T 4

What Happened

• Enrique T. Salem, a director of DocuSign, had a conversion/exercise of derivative securities on 2026-05-29 involving 729 shares (acquired and simultaneously disposed) reported at $0.00, and on 2026-06-01 he received a grant of 4,384 restricted stock units (RSUs) at $0.00. The filing classifies the 5/29 entry as an exercise/conversion (code M) and the 6/01 entry as an award/grant (code A). These are not open-market cash purchases or sales of stock by the director.

Key Details

• Transaction dates and types:
  • 2026-05-29: 729 shares — exercise/conversion of derivative (acquired and disposed same day) at $0.00.
  • 2026-06-01: 4,384 RSUs granted (award) at $0.00.
• Footnotes:
  • Each RSU represents a contingent right to one share of common stock (F1).
  • The 729-related RSUs had a vest commencement date of May 29, 2025 and vest in equal quarterly installments over one year; the final installment may vest earlier if the company’s next annual meeting occurs before the one-year anniversary (F2).
  • The 4,384 RSUs have a vest commencement date of June 1, 2026 and vest in equal quarterly installments over one year with the same potential earlier vesting condition; the RSUs do not expire (F3).
• Shares owned after the transactions: not specified in the provided filing details.
• Filing timeliness: Report filed 2026-06-02 for a 2026-05-29 reportable event — filing appears within the standard two-business-day Form 4 window.

Context

• The 5/29 entries show a derivative conversion and same-day disposition at $0.00; the filing does not disclose the cash or reason for the disposition (e.g., withholding or sale). The 6/1 entry is a new RSU grant, which is an award of future shares subject to vesting rather than an immediate stock purchase. For retail investors, new RSU grants reflect company compensation practices rather than an immediate insider cash investment signal.