DocuSign (DOCU) CFO Grayson Blake Jeffrey Exercises Awards; Shares Withheld

What Happened

• Grayson Blake Jeffrey, Chief Financial Officer of DocuSign (DOCU), had equity awards convert/vest on September 15, 2026. The filing shows 44,234 shares were acquired on conversion/exercise of derivative awards (transaction code M) at an exercise/conversion price of $0.00 (i.e., settlement of RSUs/PSUs).
• To satisfy tax withholding, 17,730 shares were withheld by the issuer (transaction code F). Additional zero-dollar disposals listed (totaling 61,964 shares across several lines) reflect the conversion/settlement and net delivery/withholding of various award tranches tied to RSUs/PSUs.

Key Details

• Transaction date: 2026-09-15; Form 4 filed 2026-09-16 (timely filing).
• Reported transactions: 44,234 shares acquired at $0.00 (M); 17,730 shares withheld for taxes (F); several related zero-dollar disposals (M) totaling 61,964 shares. Net effect shown in this filing: shares issued on vesting and shares surrendered/withheld to cover taxes/settlement.
• Shares owned following the transactions: not specified in the provided excerpt — see the full Form 4 for total post-transaction holdings.
• Notable footnotes: F1 indicates issuer withheld shares to satisfy tax obligations on vesting/settlement; F2–F9 describe RSU/PSU mechanics (each RSU/PSU equals one share, varying vesting schedules); F9 and F10 note PSUs vest based on FY25 subscription revenue and free cash flow performance (with possible up-to-200% payout and staggered vesting).
• Transaction codes: M = option/exercise or derivative conversion; F = shares withheld to satisfy tax liabilities. This appears to be settlement of restricted/performance awards (not an open-market sale).

Context

• These transactions reflect award settlement/vesting and tax withholding (common, administrative actions) rather than an outright market sale or purchase. The $0.00 per-share price and the use of withholding indicate stock-settlement of RSUs/PSUs and related tax withholding rather than a cash exercise or sale.
• For full context (total holdings, grant details, and vesting schedules), consult the complete Form 4 and related footnotes filed with the SEC.