GRAYSON BLAKE JEFFREY 4

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.