Hansen Paula 4

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.