DocuSign Director Anna Marrs Converts 1,096 RSUs to Shares

What Happened Anna Marrs, a director of DocuSign (DOCU), recorded the conversion/exercise of 1,096 derivative units into 1,096 shares on September 1, 2026. The Form 4 shows an "M" transaction (exercise/conversion of derivative) for 1,096 shares acquired at $0.00 and an equal 1,096 shares marked as disposed at $0.00. No dollar value or cash proceeds are reported in the filing.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (appears timely).
• Transaction code: M = exercise or conversion of derivative.
• Shares: 1,096 shares acquired and 1,096 shares disposed; price reported $0.00 for both.
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1–F3 indicate these were Restricted Stock Units (RSUs) that represent a contingent right to one share, with a vest commencement date of June 1, 2026 and quarterly vesting over one year; RSUs do not expire.
• Filing does not state the reason for the simultaneous disposal (e.g., tax withholding or immediate sale).

Context This filing reflects the conversion/settlement of RSUs rather than an open-market buy or sale that signals a direct investment decision. Conversions at $0.00 commonly indicate vesting/settlement mechanics; the Form 4 does not disclose cash proceeds or the specific disposition reason. Retail investors should view this as an equity-compensation event tied to Marrs’s service rather than a clear bullish or bearish trade.