Thygesen Allan C. 4
4 · DOCUSIGN, INC. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
DocuSign (DOCU) CEO Allan Thygesen Exercises/Settles Equity; Shares Withheld
What Happened
- Allan C. Thygesen, President, CEO and a director of DocuSign (DOCU), reported multiple exercise/conversion transactions on 2026-06-15. The Form 4 shows 65,561 shares reported as acquired via exercise/conversion of derivatives (code M) at $0.00 per share. The filing also shows a total of 98,071 shares disposed (including several derivative-conversion disposals and a separate 32,510-share disposal to satisfy tax withholding), all reported at $0.00. Net of the reported acquisitions and dispositions, the filing shows a net decrease of 32,510 shares (reflecting shares withheld to cover taxes).
- These transactions reflect settlement/conversion of company equity awards (RSUs/PSUs or similar), not open-market purchases or sales for cash.
Key Details
- Transaction date: June 15, 2026; Form filed June 17, 2026 (filed within the normal 2-business-day Form 4 window).
- Reported prices: $0.00 per share for all entries (typical for settlement/vesting of equity awards).
- Reported activity: 65,561 shares acquired (M); 98,071 shares disposed (includes 32,510 shares withheld for taxes (F)).
- Shares owned after transaction: not specified in the supplied summary of the filing.
- Notable footnotes: F1 = issuer withheld shares to satisfy tax obligations on vesting/settlement; F2, F8 = RSUs/PSUs convert 1-for-1 into common shares; F3–F7 and F9–F12 describe vesting schedules and performance conditions for various RSU/PSU grants (subscription revenue and free cash flow performance periods, vesting caps and schedules).
- Transaction codes: M = exercise/conversion of derivative; F = shares withheld to pay taxes.
Context
- These entries reflect issuance/settlement of compensation awards (RSUs/PSUs or similar) and the withholding of shares to cover tax obligations — not an open-market sale by the insider. For retail investors, that means the activity is part of standard executive compensation administration rather than a directional personal trade.
Insider Transaction Report
Form 4
DOCUSIGN, INC.DOCU
Thygesen Allan C.
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2026-06-15+65,561→ 217,798 total - Tax Payment
Common Stock
[F1]2026-06-15−32,510→ 185,288 total - Exercise/Conversion
Restricted Stock Units
[F2][F3][F4]2026-06-15−11,497→ 22,995 total→ Common Stock (11,497 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5][F4]2026-06-15−8,749→ 34,996 total→ Common Stock (8,749 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F6][F4]2026-06-15−10,466→ 83,728 total→ Common Stock (10,466 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F7][F4]2026-06-15−10,602→ 63,609 total→ Common Stock (10,602 underlying) - Exercise/Conversion
Performance Stock Units
[F8][F9]2026-06-15−3,214→ 0 total→ Common Stock (3,214 underlying) - Exercise/Conversion
Performance Stock Units
[F8][F10]2026-06-15−8,750→ 0 total→ Common Stock (8,750 underlying) - Exercise/Conversion
Performance Stock Units
[F8][F11]2026-06-15−5,087→ 22,104 total→ Common Stock (5,087 underlying) - Exercise/Conversion
Performance Stock Units
[F8][F12]2026-06-15−7,196→ 5,237 total→ Common Stock (7,196 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 vesting commencement date 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.
Signature
/s/ Derrick Chapman, Attorney-in-fact|2026-06-17