DocuSign (DOCU) Director Enrique T. Salem Converts 1,096 RSUs

What Happened
Enrique T. Salem, a director of DocuSign (DOCU), reported the exercise/conversion of 1,096 derivative units on 2026-09-01. The filing shows 1,096 shares acquired at $0.00 and a corresponding disposition of 1,096 derivative securities at $0.00 — consistent with RSUs converting into common shares. This was not an open-market purchase or sale of stock (no cash consideration recorded).

Key Details

• Transaction date: 2026-09-01; Form 4 filed 2026-09-03 (two days later).
• Quantity: 1,096 derivative units converted into 1,096 shares; price reported $0.00.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1—each RSU equals a contingent right to one common share; F2—vesting commenced June 1, 2026 and vests in equal quarterly installments over one year (with the final installment possibly accelerating to the next annual meeting or one-year anniversary); F3—RSUs do not expire and are canceled if not vested.
• No 10b5-1 plan or tax-withholding (code F) was indicated in this filing.

Context
This transaction reflects settlement/vesting activity for equity awards (RSUs) rather than a market buy or sale. For retail investors, such conversions are routine corporate-compensation events and do not by themselves signal a buy or sell decision by the insider.