BEER JAMES A 4

What Happened

• James A. Beer, a director of DocuSign (DOCU), had 729 restricted stock units (RSUs) convert/vest into common shares on Feb 28, 2026 (recorded as an exercise/conversion of a derivative at $0). He then sold 450 shares in an open-market transaction on Mar 3, 2026 at $45.02 per share, receiving $20,259 in total. The sale was effected pursuant to a Rule 10b5-1 plan.

Key Details

• Transactions and prices:
  • 2026-02-28: 729 RSUs exercised/converted to 729 shares at $0.00 (acquired).
  • 2026-02-28: 729-share derivative disposition reported at $0.00 (filing lists this as a derivative disposition; no additional explanation provided).
  • 2026-03-03: Open-market sale of 450 shares at $45.02 each for $20,259.
• Shares owned after these transactions: not disclosed in the filing.
• Notable footnotes:
  • F1: The sale was made under a Rule 10b5-1 trading plan (prearranged plan).
  • F2–F4: The converted units were RSUs (each equals one share), with a vest commencement date of May 29, 2025 and quarterly vesting over one year; RSUs do not expire.
• Filing timeliness: Form 4 was filed 2026-03-03 for transactions dated 2026-02-28 and 2026-03-03; the filing does not indicate a late filing.

Context

• The Feb 28 entries reflect RSU conversion/vesting (a non-cash, share-award settlement), while the Mar 3 action is a routine open-market sale executed under a 10b5-1 plan (pre-scheduled trades). The filing does not provide a reason for the 729-share derivative disposition at $0.00. For retail investors: the sale amount (~$20K) is modest and the 10b5-1 designation indicates the sale was preplanned rather than an ad-hoc insider trade.