4//SEC Filing
Chatwani Robert 4
Accession 0001968977-25-000011
CIK 0001261333other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 6:56 PM ET
Size
29.0 KB
Accession
0001968977-25-000011
Insider Transaction Report
Form 4
DOCUSIGN, INC.DOCU
Chatwani Robert
President General Mgr, Growth
Transactions
- Sale
Common Stock
2025-12-15$70.87/sh−1,683$119,274→ 68,496 total - Exercise/Conversion
Common Stock
2025-12-15+31,538→ 100,034 total - Tax Payment
Common Stock
2025-12-15−16,019→ 84,015 total - Sale
Common Stock
2025-12-17$67.88/sh−5,253$356,574→ 78,762 total - Sale
Common Stock
2025-12-17$68.61/sh−8,565$587,645→ 70,197 total - Exercise/Conversion
Restricted Stock Units
2025-12-15−20,006→ 100,033 total→ Common Stock (20,006 underlying) - Exercise/Conversion
Restricted Stock Units
2025-12-15−3,412→ 34,129 total→ Common Stock (3,412 underlying) - Exercise/Conversion
Restricted Stock Units
2025-12-15−3,457→ 27,656 total→ Common Stock (3,457 underlying) - Exercise/Conversion
Performance Stock Units
2025-12-15−535→ 1,071 total→ Common Stock (535 underlying) - Exercise/Conversion
Performance Stock Units
2025-12-15−1,458→ 2,918 total→ Common Stock (1,458 underlying) - Exercise/Conversion
Performance Stock Units
2025-12-15−1,106→ 7,018 total→ Common Stock (1,106 underlying) - Exercise/Conversion
Performance Stock Units
2025-12-15−1,564→ 4,270 total→ Common Stock (1,564 underlying)
Footnotes (14)
- [F1]The transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person.
- [F10]Each PSU represents a contingent right to receive one share of the Issuer's common stock.
- [F11]The PSUs will vest depending on the Company subscription revenue for the twelve-month period ended January 31, 2024 (the "FY24 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 date of grant and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
- [F12]The PSUs will vest depending on the Company's free cash flow for the FY24 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 date of grant and the balance will vest in eight equal quarterly installments thereafter subject to continued service with certain limited exceptions.
- [F13]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.
- [F14]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.
- [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]The shares were sold at prices ranging from $67.31 to $68.29. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F4]The shares were sold at prices ranging from $68.33 to $69.05. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F5]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [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 March 10, 2023, 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]The RSUs do not expire; they either vest or are canceled prior to vesting date.
- [F8]The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of May 10, 2024, in each case subject to the reporting person being a service provider through such date.
- [F9]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.
Documents
Issuer
DOCUSIGN, INC.
CIK 0001261333
Entity typeother
Related Parties
1- filerCIK 0001968977
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 6:56 PM ET
- Size
- 29.0 KB