DocuSign (DOCU) Director Irving Blake Converts RSUs — 1,096 Shares

What Happened

• Irving Blake, a director of DocuSign, recorded the conversion/exercise of a derivative instrument tied to restricted stock units (RSUs) resulting in 1,096 shares acquired and a corresponding 1,096-share disposition, each reported at $0.00 on September 1, 2026. The entries reflect a compensation/derivative conversion event rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (timely filing).
• Reported price/consideration: $0.00 for both the acquisition and disposition entries; total cash value reported = $0.
• Transaction code: M (exercise or conversion of a derivative security).
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1 — Each RSU represents a contingent right to one common share.
  • F2 — RSUs vest starting June 1, 2026 in equal quarterly installments over one year (with the fourth installment possibly accelerating to the next annual meeting or one-year anniversary).
  • F3 — RSUs do not expire; they vest or are cancelled before vesting.
• No 10b5-1 plan or tax-withholding language was indicated in the provided notes.

Context

• This filing shows a derivative/RSU conversion event tied to compensation, which is routine for insiders receiving equity awards. Because the transaction entries are at $0, they reflect conversion/settlement mechanics of RSUs rather than a cash purchase or market sale. Such compensation-related conversions are common and do not by themselves signal insider buying or selling intent.