Hayes Cain A 4
4 · DOCUSIGN, INC. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
DocuSign (DOCU) Director Hayes Cain Exercises RSUs (729 Shares)
What Happened
Hayes Cain, a Director of DocuSign, reported the conversion/exercise of 729 derivative awards into 729 shares on February 28, 2026. The filing shows an acquisition of 729 shares at $0.00 and a concurrent disposition/termination of 729 derivative RSUs at $0.00 — consistent with vested RSUs being converted into common stock. No market sale or cash payment is reported.
Key Details
- Transaction date: 2026-02-28. Report filed: 2026-03-03.
- Reported amounts/prices: 729 shares acquired at $0.00; 729 derivative units disposed at $0.00.
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes: F1—each RSU equals a contingent right to one share; F2—RSUs vest quarterly over one year beginning May 29, 2025 (with an accelerated provision for the fourth installment); F3—RSUs do not expire and are either vested or cancelled.
- Timeliness: Filing date is March 3, 2026; the document shows no late-filing flag.
Context
This entry reflects a conversion/vesting of equity awards (RSUs) rather than an open-market purchase or sale. Such conversions are typically part of executive/director compensation and do not by themselves indicate a buy or sell signal in the market.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-28+729→ 14,988 total - Exercise/Conversion
Restricted Stock Units
[F1][F2][F3]2026-02-28−729→ 729 total→ Common Stock (729 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]The RSUs have a vest commencement date of May 29, 2025 and will vest in equal quarterly installments over one year, provided that the fourth quarterly installment shall vest in full on the earlier of (i) the date of the Company's next annual meeting of stockholders and (ii) the one year anniversary of the grant, in each case, subject to the Reporting Person being a service provider through each such date.
- [F3]The RSUs do not expire; they either vest or are canceled prior to vesting date.