Earnings Feed
Start Free
DOCUSIGN, INC.·4

Mar 17, 6:32 PM ET

Thygesen Allan C. 4

Research Summary

AI-generated summary

Updated

DocuSign CEO Allan Thygesen Exercises Awards; Shares Withheld

What Happened

  • Allan C. Thygesen, President & CEO and Director of DocuSign (DOCU), reported conversions/exercises of derivative awards on March 15, 2026. The filing shows 65,560 shares acquired via exercise/conversion (code M) at $0.00 per share. The same filing reports multiple derivative-related disposals that together equal 65,560 shares (code M) and 29,334 shares withheld by the issuer to satisfy tax obligations (code F). All reported per-share prices are $0.00 (typical for RSU/PSU settlements rather than market trades).

Key Details

  • Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely filing).
  • Reported activity: 65,560 shares acquired (M); disposals via derivative conversion totaling 65,560 shares (M); 29,334 shares withheld for taxes (F).
  • Reported price: $0.00 per share for all entries (these reflect settlement/vesting, not open-market sale/purchase prices).
  • Shares owned after transaction: Not specified in the supplied summary — see the full Form 4 for post-transaction beneficial ownership.
  • Notable footnotes: F1 = shares withheld to satisfy tax withholding; F2/F8 = RSUs/PSUs convert to one share each; F3–F12 = details on RSU/PSU vesting schedules and performance conditions (subscription revenue and free cash flow metrics apply to certain PSUs).
  • Transaction codes explained: M = exercise/conversion of derivative; F = shares withheld to pay tax withholding.

Context

  • This filing appears to reflect settlement/vesting and a net/covering transaction rather than an open-market buy or sell. The pattern (shares issued via conversion and an equal number reported as disposed, plus shares withheld for taxes) is consistent with share settlement and sell-to-cover or net settlement to satisfy tax obligations on vested RSUs/PSUs. Such tax-withholding and conversion entries are routine and do not, by themselves, indicate a bullish or bearish view by the insider. For full detail (including exact post-transaction holdings and the specific awards involved), consult the complete Form 4 and its footnotes.