Daniel D. Springer - 15 Mar 2023 Form 4 Insider Report for DOCUSIGN, INC. (DOCU)

Role: Director
Signature: /s/ Lisa Yun, Attorney-in-fact
Issuer symbol: DOCU
Transactions as of: 15 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 16 Mar 2023, 19:22:16 UTC
Previous filing: 23 Jan 2023
Next filing: 01 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DOCU	Common Stock	Options Exercise	$0	+21,802	+1.8%	$0.000000	1,247,516	15 Mar 2023	Direct
transaction	DOCU	Common Stock	Tax liability	$0	-6,217	-0.5%	$0.000000	1,241,299	15 Mar 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-10,764	-67%	$0.000000	5,382	15 Mar 2023	Common Stock	10,764		Direct	F2, F3, F4
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-6,674	-29%	$0.000000	16,687	15 Mar 2023	Common Stock	6,674		Direct	F2, F4, F5
transaction	DOCU	Restricted Stock Units	Options Exercise	$0	-4,364	-18%	$0.000000	19,638	15 Mar 2023	Common Stock	4,364		Direct	F2, F4, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 ("RSU").
F2	Each RSU represents a contingent right to receive one share of common stock of the Issuer upon vesting.
F3	The RSUs will vest in sixteen equal quarterly installments over four years, with a vesting commencement date of May 10, 2019, 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.
F4	The RSUs do not expire; they either vest or are canceled prior to vesting date.
F5	The RSUs will vest in sixteen equal quarterly installments over four years, with a vesting commencement date of May 10, 2020, in each case subject to the Reporting Person being a service provider through such date.The RSUs units 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.
F6	The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of May 10, 2021, 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.