Thygesen Allan C. 4

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.