Hayes Cain A 4
Research Summary
AI-generated summary
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.