Hansen Paula 4

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.