Hansen Paula 4
4 · DOCUSIGN, INC. · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
DocuSign (DOCU) CRO Paula Hansen Receives RSU/PSU Award
What Happened
- Paula Hansen, DocuSign’s Chief Revenue Officer, was granted a total of 178,400 contingent equity awards on July 9, 2026. The grant breaks down as 89,200 restricted stock units (RSUs), 44,600 subscription revenue–based performance stock units (PSUs), and 44,600 free cash flow–based PSUs. All were recorded at $0.00 per share (derivative awards), so no cash changed hands at grant.
Key Details
- Transaction date: July 9, 2026; Form 4 filed July 10, 2026 (filed the next day).
- Grant amounts and price: 89,200 RSUs @ $0.00; 44,600 subscription-revenue PSUs @ $0.00; 44,600 free-cash-flow PSUs @ $0.00. Total = 178,400 contingent shares.
- Vesting: RSUs vest in equal quarterly installments over three years starting May 10, 2026. PSUs vest (if earned) based on multi-year performance goals tied to subscription revenue and free cash flow, with earned PSUs vesting on June 10, 2029.
- PSU caps: Each PSU category may vest up to 200% of target if performance thresholds are exceeded.
- Expiration: Awards do not expire — they either vest or are canceled before the vest date.
- Shares owned after transaction: Not specified in the supplied details.
- Filing timeliness: Reported the next business day; appears timely under Form 4 rules.
Context
- RSUs give a contingent right to receive shares if service/vesting conditions are met. PSUs pay out only if specified financial targets are achieved, so their ultimate value depends on future company performance. Grants recorded at $0 are normal for equity compensation — they reflect contingent awards, not cash purchases or sales. Such awards are common executive compensation and do not by themselves indicate insider buying or selling.
Insider Transaction Report
Form 4
DOCUSIGN, INC.DOCU
Hansen Paula
Chief Revenue Officer
Transactions
- Award
Restricted Stock Units
[F1][F2][F3]2026-07-09+89,200→ 89,200 total→ Common Stock (89,200 underlying) - Award
Performance Stock Units
[F4][F5][F6]2026-07-09+44,600→ 44,600 total→ Common Stock (44,600 underlying) - Award
Performance Stock Units
[F4][F7][F6]2026-07-09+44,600→ 44,600 total→ Common Stock (44,600 underlying)
Footnotes (7)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]The RSUs will vest in equal quarterly installments over three years, with a vesting commencement date of May 10, 2026, in each case subject to the Reporting Person being a service provider through such date.
- [F3]The RSUs do not expire; they either vest or are canceled prior to vesting date.
- [F4]Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F5]The PSUs will vest depending on the Issuer's achievement of subscription revenue goals over a three-year performance period (the "FY29 Financial Performance Period"), with the goals established at the beginning of the first, second and third 12-month periods during the FY29 Financial 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. 100% of any achieved subscription revenue-based PSUs will vest on June 10, 2029, subject to the Reporting Person's continued service with certain limited exceptions.
- [F6]PSUs do not expire; they either vest or are canceled prior to the vest date.
- [F7]The PSUs will vest depending on the Issuer's achievement of free cash flow goals over the FY29 Financial Performance Period, with the goals established at the beginning of the first, second and third 12-month periods during the FY29 Financial 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. 100% of any achieved free cash flow-based PSUs will vest on June 10, 2029, subject to the Reporting Person's continued service with certain limited exceptions.
Signature
/s/ Derrick Chapman, Attorney-in-fact|2026-07-10