GRAYSON BLAKE JEFFREY 4
4 · DOCUSIGN, INC. · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
DocuSign (DOCU) CFO Grayson Jeffrey Receives Equity Awards
What Happened Grayson Blake Jeffrey, CFO of DocuSign (DOCU), was granted a total of 178,400 contingent equity awards on 2026-07-09: 89,200 restricted stock units (RSUs) and two performance stock unit (PSU) grants of 44,600 shares each. All awards are reported as derivative awards with an acquisition price of $0.00 (i.e., compensation grants), so no cash was paid. These are not open-market purchases or sales.
Key Details
- Transaction date: 2026-07-09; Form 4 filed 2026-07-10 (appears timely).
- Awards: 89,200 RSUs; 44,600 subscription-revenue PSUs; 44,600 free-cash-flow PSUs — total 178,400 units. Reported price: $0.00 (compensation grant).
- Vesting for RSUs: equal quarterly installments over three years, vesting commencement date May 10, 2026 (subject to continued service).
- Vesting for PSUs: tied to performance over the FY29 Financial Performance Period; subscription-revenue and free-cash-flow PSUs vest based on goals set annually, capped at 200% of target; any achieved PSUs vest 100% on June 10, 2029 (subject to continued service).
- Expiration: filing notes RSUs/PSUs do not expire — they either vest or are canceled.
- Shares owned after transaction: not specified in the filing.
- Transaction type code: A = Award/Grant (derivative awards).
Context These awards are standard executive compensation: RSUs vest over time to encourage retention; PSUs are performance-based and only convert to shares if DocuSign meets specified revenue or free-cash-flow targets during the FY29 period. Because these are contingent equity awards reported at $0, they do not represent an immediate purchase or sale on the open market.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F3]2026-07-09+89,200→ 89,200 total→ Common Stock (89,200 underlying) - Award
Performance Stock Units
[F4][F5][F6]2026-07-09+44,600→ 44,600 total→ Common Stock (44,600 underlying) - Award
Performance Stock Units
[F4][F7][F6]2026-07-09+44,600→ 44,600 total→ Common Stock (44,600 underlying)
Footnotes (7)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]The RSUs will vest in equal quarterly installments over three years, with a vesting commencement date of May 10, 2026, in each case subject to the Reporting Person being a service provider through such date.
- [F3]The RSUs do not expire; they either vest or are canceled prior to vesting date.
- [F4]Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F5]The PSUs will vest depending on the Issuer's achievement of subscription revenue goals over a three-year performance period (the "FY29 Financial Performance Period"), with the goals established at the beginning of the first, second and third 12-month periods during the FY29 Financial Performance Period. The maximum number of subscription revenue-based PSUs that may vest is capped at 200% of the target number of subscription revenue-based PSUs. 100% of any achieved subscription revenue-based PSUs will vest on June 10, 2029, subject to the Reporting Person's continued service with certain limited exceptions.
- [F6]PSUs do not expire; they either vest or are canceled prior to the vest date.
- [F7]The PSUs will vest depending on the Issuer's achievement of free cash flow goals over the FY29 Financial Performance Period, with the goals established at the beginning of the first, second and third 12-month periods during the FY29 Financial Performance Period. The maximum number of free cash flow-based PSUs that may vest is capped at 200% of the target number of free cash flow-based PSUs. 100% of any achieved free cash flow-based PSUs will vest on June 10, 2029, subject to the Reporting Person's continued service with certain limited exceptions.