Briggs Teresa 4

What Happened

• Teresa Briggs, a director of DocuSign (DOCU), converted/exercised 729 derivative units into common stock on May 29, 2026 (no exercise price), sold 365 shares that same day in an open‑market transaction for about $50.04/share (total $18,265), and on June 1, 2026 was granted 4,384 restricted stock units (RSUs).
• The sale was effected under a Rule 10b5‑1 plan (footnote F1). The RSU grant carries standard vesting terms (see Key Details).

Key Details

• Transaction dates & prices:
  • May 29, 2026: Conversion/exercise of 729 derivative units at $0.00 (acquired); open‑market sale of 365 shares at $50.04 each for $18,265 total; a related derivative disposition of 729 units is also reported on May 29.
  • June 1, 2026: Grant of 4,384 RSUs (reported at $0.00 acquisition price).
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: The May 29 sale was effected pursuant to a Rule 10b5‑1 trading plan.
  • F2–F5: Each RSU converts to one share; the earlier RSUs have a vest commencement date of May 29, 2025 and vest quarterly over one year (with the fourth installment possibly accelerated to the next annual meeting). The June 1, 2026 RSUs vest quarterly over one year starting June 1, 2026; RSUs do not expire.
• Filing: Form 4 filed June 2, 2026 reporting transactions on May 29 and June 1, 2026.

Context

• The May 29 activity appears to be conversion/exercise of derivative awards (RSUs or similar) into shares, followed by a partial open‑market sale. Sales under 10b5‑1 plans are typically prearranged and often routine; they do not by themselves indicate the director’s private view of the company. The June 1 RSU grant is a time‑based award that vests in equal quarterly installments over a year (with a potential earlier full vesting of the final installment under the plan terms).