Briggs Teresa 4

What Happened
Teresa Briggs, a director of DocuSign (DOCU), reported the exercise/conversion of a derivative on 2026-02-28. The Form 4 lists an acquisition of 729 shares at $0.00 and a matching disposition of 729 shares at $0.00 (transaction code M = exercise/conversion of a derivative). The filing shows no cash value for these entries.

Key Details

• Transaction date: 2026-02-28 (reported on Form 4 filed 2026-03-03). Filing appears timely under the two-business-day rule.
• Reported transactions: Acquisition — 729 shares @ $0.00; Disposition — 729 shares @ $0.00 (both coded M).
• Shares owned after transaction: Not disclosed in the provided details.
• Footnotes of note:
  • F1: Each RSU equals a contingent right to one common share.
  • F2: RSUs vest beginning 2025-05-29 in equal quarterly installments over one year (with the fourth installment subject to the earlier of the next annual meeting or one year).
  • F3: RSUs do not expire; they either vest or are canceled.
• No explicit tax-withholding or 10b5-1 plan is shown in the provided items.

Context
The M code indicates conversion/exercise of a derivative instrument; the filing shows both an acquisition and a matching disposition of the same number of shares at $0.00. The Form 4 does not state the reason for the disposition (e.g., net settlement, transfer, or other administrative action). There was no reported cash paid or received in these entries, so this filing does not by itself indicate a buy or sell for investment signaling purposes.