Chatwani Robert 4

What Happened

• Robert Chatwani, President General Manager, Growth at DocuSign, was granted a total of 148,665 equity units on July 9, 2026. The filing shows three derivative awards: 74,333 restricted stock units (RSUs) and two grants of 37,166 performance stock units (PSUs) each. Each unit was recorded at $0.00 (award/derivative), so there was no purchase or sale of stock for cash in this transaction.

Key Details

• Transaction date: July 9, 2026; reported on Form 4 filed July 10, 2026 (timely filing).
• Award details: 74,333 RSUs; 37,166 subscription-revenue-based PSUs; 37,166 free-cash-flow-based PSUs (total 148,665 units).
• Price: $0.00 per unit (award/derivative code A).
• Shares owned after transaction: not specified in the reported information.
• Notable footnotes:
  • RSUs (F1–F3) represent contingent rights to one share each; vest in equal quarterly installments over three years starting May 10, 2026; do not expire prior to vesting.
  • PSUs (F4–F7) vest based on achievement of subscription revenue and free cash flow goals over the FY29 performance period; vesting is measured across three 12-month periods, with any achieved PSUs (up to 200% of target) vesting on June 10, 2029, subject to continued service; PSUs do not expire prior to vesting.
• Filing timeliness: filed the next day (not marked late).

Context

• These were equity awards (not market purchases or sales). RSUs and PSUs are contingent—RSUs vest with continued service; PSUs require meeting performance targets before shares are issued. Such grants are common as part of executive compensation and do not involve immediate cash outlay or proceeds.