DocuSign (DOCU) President Robert Chatwani Converts RSUs/PSUs; Withheld Shares

What Happened
Robert Chatwani, President and General Manager, Growth at DocuSign (DOCU), reported vesting/conversion of equity awards on 2026-09-15. The Form 4 shows 35,307 shares acquired via exercise/conversion of derivatives (code M) at $0.00 per share. The issuer withheld 17,508 shares to satisfy tax withholding (code F). The filing also lists multiple conversion/disposition line items (20,007; 3,413; 3,024; 6,194; 1,105; 1,564) reported as dispositions (all at $0.00), which together equal 35,307 shares. All entries are reported at $0.00 because these reflect vesting/settlement mechanics rather than an open-market cash purchase or sale.

Key Details

• Transaction date: 2026-09-15 (filed 2026-09-16) — appears timely.
• Reported amounts: 35,307 shares acquired (conversion/vesting); 17,508 shares withheld to cover taxes; separate disposition-line items totaling 35,307 shares (all at $0.00).
• Transaction codes: M = exercise/conversion of derivative; F = shares withheld for tax obligations.
• Footnotes: F1 confirms shares withheld to satisfy tax on RSU/PSU vesting. F2/F8 clarify RSUs/PSUs represent contingent rights to one share each; other footnotes (F3–F10) describe vesting schedules and PSU performance metrics (subscription revenue and free cash flow for FY25).
• Shares owned after the transactions are not provided in the excerpt of the filing.

Context and what this means for investors

• These entries reflect vesting/settlement of restricted stock units and performance stock units, not an open-market sale or purchase at a cash price. The $0.00 prices are typical for conversions/settlements, and the withholding is a routine tax-coverage action.
• For retail investors, vesting events are administrative and don’t necessarily signal insider sentiment (unlike deliberate open-market buys). This filing documents compensation vesting and tax withholding rather than a discretionary buy or sell.