4//SEC Filing
Shute Stephen 4
Accession 0001261333-24-000094
CIK 0001261333other
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 8:13 PM ET
Size
16.6 KB
Accession
0001261333-24-000094
Insider Transaction Report
Form 4
DOCUSIGN, INC.DOCU
Shute Stephen
President, Field Operations
Transactions
- Exercise/Conversion
Restricted Stock Units
2024-06-17−4,922→ 59,055 total→ Common Stock (4,922 underlying) - Exercise/Conversion
Performance Stock Units
2024-06-17−4,823→ 9,645 total→ Common Stock (4,823 underlying) - Exercise/Conversion
Performance Stock Units
2024-06-17−13,122→ 26,248 total→ Common Stock (13,122 underlying) - Exercise/Conversion
Common Stock
2024-06-17+47,296→ 56,255 total - Tax Payment
Common Stock
2024-06-17−20,995→ 35,300 total - Exercise/Conversion
Restricted Stock Units
2024-06-17−24,429→ 195,436 total→ Common Stock (24,429 underlying)
Footnotes (8)
- [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.
- [F2]Each restricted stock unit ("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 May 10, 2022, in each case subject to the Reporting Person being a service provider through each such date. The restricted stock units 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, 2023, in each case subject to the reporting person being a service provider through such date.
- [F6]Each performance-vested restricted stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F7]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.
- [F8]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-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 0001932256
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 8:13 PM ET
- Size
- 16.6 KB