Hansen Paula 4
4 · DOCUSIGN, INC. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
DocuSign (DOCU) CRO Paula Hansen Receives 32,516 Shares
What Happened
- Paula Hansen, Chief Revenue Officer of DocuSign (DOCU), had equity activity reported: she received 32,516 shares on 2026-06-15 through conversion/exercise of company equity awards (derivatives/RSUs/PSUs). To satisfy tax obligations, 16,123 of those shares were withheld. Separately, Hansen purchased 346 shares under the company ESPP on 2026-04-03 at $41.11 per share for a total of $14,224.
- The RSU/PSU settlement is a receipt of shares from compensation (not an open-market buy), and the withholding of shares for taxes is an administrative/net-settlement action (common). No open-market sales were reported in this filing.
Key Details
- Dates & prices:
- 2026-04-03: ESPP purchase — 346 shares at $41.11 each (total $14,224). (Footnote F1: purchased at 85% of closing price per ESPP.)
- 2026-06-15: Conversion/exercise of derivatives (RSUs/PSUs) — 32,516 shares acquired at $0.00 recorded price; 16,123 shares withheld to cover taxes (F2).
- Additional derivative-related dispositions reported on 6/15: 4,033; 15,980; 7,325; and 5,178 shares (these entries relate to the RSU/PSU settlements; totals match the conversion activity).
- Shares owned after the transactions: not specified in the filing.
- Notable footnotes: ESPP purchase terms (85% purchase price); RSUs and PSUs definitions and vesting/schedule details (F3–F9); tax withholding to satisfy withholding obligations upon vesting (F2).
- Timeliness: Filing dated 2026-06-17 for transactions on 2026-06-15 — filed within the standard Form 4 reporting window (timely).
Context
- The 6/15 activity reflects settlement of equity compensation (RSUs/PSUs) rather than an open-market buy or sale. The withholding of shares for taxes is a routine administrative step (net settlement) and should not be interpreted as a bearish sale.
- The 4/3 ESPP purchase is an outright buy by the insider (small-dollar amount), which is generally a clearer signal of personal stock purchase than vesting events.
Insider Transaction Report
Form 4
DOCUSIGN, INC.DOCU
Hansen Paula
Chief Revenue Officer
Transactions
- Award
Common Stock
[F1]2026-04-03$41.11/sh+346$14,224→ 79,759 total - Exercise/Conversion
Common Stock
2026-06-15+32,516→ 112,095 total - Tax Payment
Common Stock
[F2]2026-06-15−16,123→ 95,972 total - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]2026-06-15−4,033→ 24,199 total→ Common Stock (4,033 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F6][F5]2026-06-15−15,980→ 143,821 total→ Common Stock (15,980 underlying) - Exercise/Conversion
Performance Stock Units
[F7][F8]2026-06-15−7,325→ 5,330 total→ Common Stock (7,325 underlying) - Exercise/Conversion
Performance Stock Units
[F7][F9]2026-06-15−5,178→ 22,500 total→ Common Stock (5,178 underlying)
Footnotes (9)
- [F1]Shares acquired pursuant to the Docusign, Inc. 2018 Employee Stock Purchase Plan ("ESPP"), for the ESPP purchase period of October 6, 2025, through April 3, 2026. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the issuer's common stock on April 3, 2026.
- [F2]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").
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F4]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.
- [F5]The RSUs do not expire; they either vest or are canceled prior to vesting date.
- [F6]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.
- [F7]Each PSU represents a contingent right to receive one share of the Issuer's common stock.
- [F8]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.
- [F9]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.
Signature
/s/ Derrick Chapman, Attorney-in-fact|2026-06-17