DocuSign (DOCU) CRO Paula Hansen Converts RSUs; Shares Withheld

What Happened

• Paula Hansen, Chief Revenue Officer of DocuSign, reported multiple exercises/conversions of derivative awards (RSUs/PSUs) on 2026-09-15 that resulted in 39,444 shares acquired at $0.00 per share (vesting/settlement rather than an open-market purchase). The issuer withheld 19,559 shares to satisfy tax obligations. The filing also reports several additional conversion/disposition line items (15,980; 3,528; 7,433; 7,325; 5,178 shares), all recorded at $0.00, which the footnotes tie to vesting/settlement mechanics for different awards.

Key Details

• Transaction date: September 15, 2026; Filing date: September 16, 2026 (appears timely).
• Price: $0.00 per share (these were conversions/vestings, not purchases/sales for cash).
• Shares acquired: 39,444 (conversion/exercise of derivative awards).
• Shares withheld/disposed to cover taxes: 19,559 (footnote F1); additional disposed/conversion entries: 15,980; 3,528; 7,433; 7,325; 5,178 (all $0.00).
• Shares owned after the transactions: not specified in the provided filing details.
• Relevant footnotes: F1 = shares withheld for taxes; F2–F9 = descriptions of RSU and PSU award terms and vesting schedules.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding).

Context

• This was a vesting/settlement of equity awards (RSUs/PSUs). A $0.00 price indicates these shares were issued on vesting rather than bought on the open market. Withholding shares to cover taxes is a routine administrative step and not the same as an open-market sale. No open-market purchases or sales by the insider are reported in this filing.