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DOCUSIGN, INC.·4

Jun 17, 8:45 PM ET

GRAYSON BLAKE JEFFREY 4

Research Summary

AI-generated summary

Updated

DocuSign (DOCU) CFO Grayson Jeffrey Exercises Derivatives, Buys ESPP

What Happened

  • Grayson Blake Jeffrey, CFO of DocuSign, converted/settled 37,452 derivative awards (reported as "M" transactions) on 2026-06-15 and simultaneously had 15,251 shares withheld/disposed to cover tax obligations (reported as "F"). Those derivative conversions were reported at $0 exercise cost, consistent with settlement of RSUs/PSUs rather than a priced option exercise.
  • Separately, on 2026-04-03 he purchased 255 shares through DocuSign’s Employee Stock Purchase Plan (ESPP) at $41.11 per share for a total of $10,483 (ESPP purchase price was 85% of the April 3, 2026 closing price).

Key Details

  • Transaction dates and prices:
    • 2026-04-03: Acquired 255 ESPP shares at $41.11 each (total ~$10,483). (Code A)
    • 2026-06-15: Converted/settled 37,452 derivative shares at $0 (Code M, acquisition) and multiple M-code disposals totaling 37,452 shares; 15,251 shares disposed under code F to satisfy tax withholding.
  • Net effect on holdings: Filing reports conversions and withholding/surrenders but does not state total post-transaction beneficial ownership in the submitted excerpt.
  • Notable footnotes:
    • F1: ESPP purchase priced at 85% of the closing price for the April 3, 2026 purchase period.
    • F2/F4–F11: Conversions relate to RSUs and performance-based PSUs with multi-year vesting and performance conditions (PSUs subject to FY25 subscription revenue and free-cash-flow metrics; vesting schedules and caps noted).
  • Timeliness: Filing dated 2026-06-17 for transactions on 2026-06-15 — no late filing indication in the report.

Context

  • The $0 exercise price and footnotes indicate these were vesting/settlement events for restricted stock units (RSUs) and performance stock units (PSUs), not the exercise of priced stock options. The multiple M-code disposals and the F-code tax withholding reflect shares surrendered/withheld to cover tax obligations at settlement (a common administrative step), not an open-market sale signal.
  • The ESPP purchase is a direct purchase by the CFO (a modest-dollar purchase of 255 shares) and is a straightforward employee purchase at a discounted price.