DocuSign (DOCU) CEO Allan Thygesen Exercises Derivatives; Shares Withheld

What Happened
Allan C. Thygesen — President, CEO and Director of DocuSign (DOCU) — reported conversion/exercise of derivative awards on Sept 15, 2026. The filing shows 67,467 shares reported as acquired via exercise/conversion (code M) at $0.00 per share. The filing also reports 33,454 shares disposed under code F (shares withheld by the issuer to satisfy tax obligations). Several additional exercise/conversion disposal entries (all at $0.00) total 67,467 shares and appear to reflect the mechanics of converting multiple RSU/PSU tranches and net settlement/withholding.

Key Details

• Transaction date: 2026-09-15; Filing date: 2026-09-16 (timely filing).
• Reported acquired: 67,467 shares (exercise/conversion; code M) at $0.00.
• Shares withheld for taxes: 33,454 shares (code F) at $0.00.
• Additional conversion/disposal entries (code M, $0.00) total 67,467 shares (listed as disposed across several lots).
• Footnotes indicate these were RSUs and PSUs with various vesting schedules and performance conditions (see F1–F11 for details: tax withholding, RSU = 1-for-1 share, PSU performance caps and vesting schedules).
• Shares owned after the transaction are not provided in the excerpt supplied.

Context

• Codes: M = exercise/conversion of a derivative (e.g., RSU/PSU conversion); F = shares withheld to satisfy tax withholding. Transactions reported at $0.00 per share are consistent with net settlement or issuer withholding on vesting rather than open-market cash sales.
• These filings document award vesting/settlement mechanics and routine tax withholding; they are not direct open-market purchases or sales that signal a cash investment decision.