Chatwani Robert 4

What Happened

• Robert Chatwani, President & General Manager, Growth at DocuSign, converted/exercised derivative awards on June 15, 2026, resulting in 31,543 shares credited. The issuer withheld 15,641 shares to satisfy tax obligations. The filing lists additional dispositions tied to the conversion that in total account for the 31,543 shares.
• Separately, on April 3, 2026, Chatwani purchased 346 shares under DocuSign’s ESPP at $41.11 per share (85% of the April 3 closing price), costing $14,224. The ESPP purchase is a straightforward employee buy (generally seen as a modest bullish signal); the conversion/withholding activity is a routine settlement of equity compensation.

Key Details

• Main dates: ESPP purchase 2026-04-03 (346 shares @ $41.11 = $14,224); derivative conversion/exercise 2026-06-15 (31,543 shares).
• Tax withholding: 15,641 shares were withheld by the issuer to satisfy tax obligations upon vesting/settlement (footnote F2).
• Other dispositions: The filing shows multiple disposition entries tied to the June 15 conversion that together account for the 31,543 shares (reported with $0 cash amounts).
• Footnotes of note: F1 = ESPP purchased at 85% of market; F2 = shares withheld for taxes; F4/F9 = RSUs/PSUs represent contingent rights to one share; F10–F13 describe performance-based PSU vesting conditions.
• Shares owned after transaction: not stated in the provided summary of the filing.
• Timeliness: Report filed 2026-06-17 covering transactions on 2026-06-15 (no late filing indicated).

Context and plain-English notes

• “M” transactions = exercise or conversion of derivatives (RSUs/PSUs); “F” = shares withheld to cover tax withholding; “A” = award/acquisition (ESPP purchase).
• The zero-dollar amounts for the derivative entries typically reflect share settlement/withholding rather than a cash purchase. This filing documents compensation settlement and an ESPP buy — routine insider activity rather than an explicit open-market buy or planned sell signal.