Thygesen Allan C. 4
4 · DOCUSIGN, INC. · Filed Sep 16, 2025
Insider Transaction Report
Form 4
DOCUSIGN, INC.DOCU
Thygesen Allan C.
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Restricted Stock Units
2025-09-15−8,748→ 61,243 total→ Common Stock (8,748 underlying) - Tax Payment
Common Stock
2025-09-15−33,295→ 176,246 total - Exercise/Conversion
Performance Stock Units
2025-09-15−3,215→ 9,644 total→ Common Stock (3,215 underlying) - Exercise/Conversion
Performance Stock Units
2025-09-15−5,087→ 37,365 total→ Common Stock (5,087 underlying) - Exercise/Conversion
Performance Stock Units
2025-09-15−8,748→ 26,250 total→ Common Stock (8,748 underlying) - Exercise/Conversion
Restricted Stock Units
2025-09-15−10,466→ 115,126 total→ Common Stock (10,466 underlying) - Exercise/Conversion
Common Stock
2025-09-15+65,558→ 209,541 total - Exercise/Conversion
Restricted Stock Units
2025-09-15−11,498→ 57,486 total→ Common Stock (11,498 underlying) - Exercise/Conversion
Restricted Stock Units
2025-09-15−10,601→ 95,414 total→ Common Stock (10,601 underlying) - Exercise/Conversion
Performance Stock Units
2025-09-15−7,195→ 26,823 total→ Common Stock (7,195 underlying)
Footnotes (12)
- [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 ("RSUs") or performance-vested restricted stock units ("PSUs").
- [F10]The PSUs will vest depending on the Company's free cash flow for the FY24 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 flow-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.
- [F11]The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2025 (the "FY25 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.
- [F12]The PSUs will vest depending on the Company's free cash flow for the FY25 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 flow-based PSUs will vest following the one-year anniversary of the vesting commencement date and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F3]The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of October 10, 2022, in each case subject to the Reporting Person being a service provider through each such date. The RSUs 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]The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of May 10, 2024, in each case subject to the reporting person being a service provider through such date.
- [F7]The RSUs will vest quarterly over a four year period commencing May 10, 2025, with 40% vesting during year 1, 35% vesting during year 2, 15% vesting during year 3, and 10% vesting during year 4, in each case subject to the Reporting Person being a service provider through each such date.
- [F8]Each PSU represents a contingent right to receive one share of the Issuer's common stock.
- [F9]The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2024 (the "FY24 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.