Hayes Cain A 4

4 · DOCUSIGN, INC. · Filed Jun 2, 2026

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Updated Jun 2, 2026

DocuSign Director Hayes Cain Receives RSU Award, Converts RSUs

What Happened

Hayes Cain, a director of DocuSign, had two related derivative transactions reported. On May 29, 2026 the filing shows an exercise/conversion of 729 derivative shares (code M) reported as both acquired and disposed at $0.00. On June 1, 2026 Cain was granted 4,384 restricted stock units (RSUs) (code A), reported at $0.00 (derivative award).
The Form 4 reports $0 as the transaction price because these entries are derivative/award transactions (RSUs), not open-market purchases or cash sales.

Key Details

Transaction dates and amounts:
- 2026-05-29: Exercise/conversion of 729 derivative shares (M) — acquired and disposed same day; price reported $0.00.
- 2026-06-01: Grant/award of 4,384 RSUs (A) — price reported $0.00.
Shares owned after transaction: Not specified in this Form 4 filing.
Footnotes of note:
- F1: Each RSU represents a contingent right to receive one share of common stock.
- F2/F4: The older RSUs (vest commencement 5/29/2025) and the new grant (vest commencement 6/1/2026) vest in equal quarterly installments over one year; the fourth installment may vest early at the next annual meeting or the one-year anniversary, subject to continued service.
- F3: RSUs do not expire; they either vest or are canceled prior to vesting.
Filing timeliness: Report was filed 2026-06-02 for transactions on 5/29 and 6/01 — the Form 4 appears to have been filed within the required reporting window (not marked late).

Context

These transactions are derivative/award-related (RSUs). RSU grants are long-term compensation and vest over time; they are not the same as an open-market purchase (which is usually a stronger bullish signal). The paired acquire-and-dispose entry for 729 shares on 5/29 is presented in the filing without explanation; such paired entries often reflect plan mechanics (e.g., conversion or administrative settlement) rather than an open-market sale.

Form 4

Period: 2026-05-29

Director

Transactions

Exercise/Conversion
Common Stock
2026-05-29+729→ 15,717 total
Exercise/Conversion
Restricted Stock Units
[F1][F2][F3]
2026-05-29−729→ 0 total
→ Common Stock (729 underlying)
Award
Restricted Stock Units
[F1][F4][F3]
2026-06-01+4,384→ 4,384 total
→ Common Stock (4,384 underlying)

Footnotes (4)

[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.
[F4]The RSUs have a vest commencement date of June 1, 2026 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.

Signature

/s/ Derrick Chapman, Attorney-in-fact|2026-06-02

1 file