Hansen Paula 4

What Happened

• Paula Hansen, Chief Revenue Officer of DocuSign (DOCU), had 32,515 shares issued on March 15, 2026 upon exercise/conversion of restricted/performance-based awards (transaction code M). The reported price per share is $0.00 because these were vested awards, not an open‑market purchase. To satisfy tax withholding obligations, the issuer withheld 16,252 shares (transaction code F), leaving a net of 16,263 shares delivered to Hansen.

Key Details

• Transaction date: 2026-03-15; Form 4 filed: 2026-03-17 (appears timely).
• Gross shares issued on conversion/exercise: 32,515 shares at $0.00.
• Shares withheld for taxes: 16,252 shares (share‑withholding to cover tax liabilities).
• Net shares delivered to insider: 32,515 − 16,252 = 16,263 shares.
• The filing lists additional conversion/disposition line items (15,980; 4,033; 7,324; 5,178) related to the settlement of different award tranches (all at $0.00).
• Shares owned following the transaction: not specified in the provided excerpt.
• Relevant footnotes: awards include RSUs and PSUs with varying vesting schedules and performance conditions; withholding is per issuer tax‑satisfaction practice.

Context

• These entries reflect award vesting/settlement (M = exercise/conversion of derivatives/awards; F = payment/tax withholding), not an open‑market sale or purchase. Tax withholding via share retention is common for vested equity awards and does not necessarily indicate a change in insider sentiment.