DocuSign (DOCU) Director Teresa Briggs Receives RSU Award, Converts to Shares

What Happened

• Teresa Briggs, a director of DocuSign (DOCU), was granted 1,096 restricted stock units (RSUs) and the filing also reports a conversion/exercise of a derivative into 1,096 shares on 2026-09-01. Both transactions show an acquisition price of $0.00, meaning the shares were obtained through award/RSU settlement rather than an open-market purchase.

Key Details

• Transaction dates and codes: 2026-09-01 — Grant/Award (A) of 1,096 RSUs (derivative); 2026-09-01 — Exercise/Conversion (M) acquiring 1,096 shares at $0.00.
• Reported consideration: $0.00 (shares issued/settled via RSU award/derivative conversion).
• Shares owned after transaction: Not disclosed in the provided excerpt of the filing.
• Relevant footnotes: F1—each RSU equals a contingent right to one share; F2—vest commencement is June 1, 2026 with equal quarterly vesting over one year (four installments, with the fourth possibly accelerating to the company’s next annual meeting); F3—RSUs do not expire.
• Timeliness: Filing dated 2026-09-03 for transactions on 2026-09-01 — appears to be filed within the normal Form 4 reporting window (not flagged as late).

Context

• RSUs are a form of equity compensation that convert into shares upon vesting; here the filing shows both an award of RSUs and a conversion into shares at no cash cost to the director. This is an acquisition-type transaction (not a sale) and reflects compensation/settlement activity rather than an open-market purchase. The vesting schedule in the footnotes governs when RSU installments become actual share issuances.