Hansen Paula 4
4 · DOCUSIGN, INC. · Filed Dec 17, 2025
Insider Transaction Report
Form 4
DOCUSIGN, INC.DOCU
Hansen Paula
Chief Revenue Officer
Transactions
- Exercise/Conversion
Common Stock
2025-12-15+32,515→ 91,483 total - Tax Payment
Common Stock
2025-12-15−16,513→ 74,970 total - Exercise/Conversion
Restricted Stock Units
2025-12-15−15,980→ 175,781 total→ Common Stock (15,980 underlying) - Exercise/Conversion
Restricted Stock Units
2025-12-15−4,033→ 32,265 total→ Common Stock (4,033 underlying) - Exercise/Conversion
Performance Stock Units
2025-12-15−7,324→ 19,979 total→ Common Stock (7,324 underlying) - Exercise/Conversion
Performance Stock Units
2025-12-15−5,178→ 32,856 total→ Common Stock (5,178 underlying)
Footnotes (8)
- [F1]Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting and settlement of restricted stock units ("RSUs") and performance-vested restricted stock unit ("PSUs").
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F3]The RSUs will vest 25% over the first year, while the remaining will vest in twelve (12) equal quarterly installments over three years, with a vesting commencement date of August 10, 2024, in each case subject to the Reporting Person being a service provider through each such date. The RSUs are subject to accelerated vesting in the event of a termination of employment of the Reporting Person including under certain circumstances following a change in control of the Issuer.
- [F4]The RSUs do not expire; they either vest or are canceled prior to vesting date.
- [F5]The RSUs will vest quarterly over a four year period commencing May 10, 2025, with 40% vesting during year 1, 35% vesting during year 2, 15% vesting during year 3, and 10% vesting during year 4, in each case subject to the Reporting Person being a service provider through each such date.
- [F6]Each PSU represents a contingent right to receive one share of the Issuer's common stock.
- [F7]The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2025 (the "FY25 Performance Period"). The maximum number of subscription revenue-based PSUs that may vest is capped at 200% of the target number of subscription revenue-based PSUs. To the extent achieved, 1/3 of any achieved subscription revenue-based PSUs will vest following the one-year anniversary of the vesting commencement date and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
- [F8]The PSUs will vest depending on the Company's free cash flow for the FY25 Performance Period. The maximum number of free cash flow-based PSUs that may vest is capped at 200% of the target number of free cash flow-based PSUs. To the extent achieved, 1/3 of any achieved free cash flow-based PSUs will vest following the one-year anniversary of the vesting commencement date and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.