Rosenbaum Michael George 4

What Happened
Michael George Rosenbaum, a director of DocuSign, converted 522 restricted stock units (RSUs) into 522 shares on March 3, 2026 (transaction code M — exercise/conversion of a derivative). The filing shows the acquired shares at $0.00 and a simultaneous disposition of 522 derivative shares at $0.00, so no purchase price or sale proceeds are reported.

Key Details

• Transaction date: March 3, 2026; Filing accession: 0001784996-26-000018 (filed same day).
• Reported amounts: 522 shares acquired @ $0.00; 522 shares disposed @ $0.00 (derivative). Total reported cash value: $0.
• Shares owned after transaction: not specified in the provided filing.
• Notable footnotes:
  • F1: Each RSU converts into one share of common stock.
  • F2: These RSUs vest in 12 equal quarterly installments over three years starting Sept 3, 2025, subject to continued service.
  • F3: RSUs do not expire; they either vest or are canceled prior to vesting.
• Filing timeliness: Reported on the same day as the transaction (appears timely).

Context
Transaction code M denotes an exercise or conversion of a derivative security — here, RSUs converting into common shares. The simultaneous acquisition and disposition of the same number of shares often reflects settlement mechanics (e.g., conversion and related withholding or settlement), not an open-market buy or sell. This filing does not indicate a market purchase or sale that would signal a clear change in sentiment.