[Form 4] DocuSign, Inc. Insider Trading Activity

Rhea-AI Filing Summary

DocuSign director James A. Beer received a grant of 729 Restricted Stock Units (RSUs) on 08/29/2025. Each RSU converts to one share of DocuSign common stock and was granted at a $0 purchase price. The filing shows the Reporting Person beneficially owns 14,649 shares directly and 5,543 shares indirectly (by trust) after the reported transactions, and holds 2,187 shares underlying RSUs following the grant. The RSUs have a vest commencement date of 05/29/2025 and vest in equal quarterly installments over one year, with the final installment subject to earlier vesting tied to the company’s next annual meeting or the one-year anniversary. The RSUs do not expire and are canceled if they fail to vest.

Positive

• Director equity grant aligns interests with shareholders via time-based RSUs that convert one-for-one to common shares

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director awarded 729 RSUs, aligning interests with shareholders; vesting is time-based over one year.

The grant is a standard equity compensation practice for non-employee directors to align incentives with shareholders. The RSUs carry no exercise price and convert one-for-one into common shares, with quarterly vesting beginning 05/29/2025 and a provision accelerating the final installment to the earlier of the next annual meeting or one-year anniversary. The director’s direct and indirect holdings (14,649 D and 5,543 I) plus 2,187 RSU-underlying shares indicate continued insider exposure to company equity, which is governance-positive for alignment but routine in nature.

Securities/Compensation Analyst

TL;DR: A routine, time-based RSU grant with standard vesting terms and zero purchase price; immaterial to capitalization.

The award of 729 RSUs at $0 is consistent with typical director equity grants and reflects compensation rather than a market purchase. Vesting over four quarterly installments provides retention incentives. The filing reports exact post-transaction beneficial ownership counts, allowing clear tracking of insider holdings. There is no indication of accelerated cash settlement or market-impacting size; therefore the transaction appears non-material to overall capitalization.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BEER JAMES A

(Last) (First) (Middle)

C/O DOCUSIGN, INC.

221 MAIN STREET, SUITE 800

(Street)

SAN FRANCISCO CA 94105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DOCUSIGN, INC. [ DOCU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/29/2025		M		729	A	$0	14,649	D
Common Stock								5,543	I	By Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	08/29/2025		M			729	(2)	(3)	Common Stock	729	$0	2,187	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.

2. The RSUs have a vest commencement date of May 29, 2025 and will vest in equal quarterly installments over one year, provided that the fourth quarterly installment shall vest in full on the earlier of (i) the date of the Company's next annual meeting of stockholders and (ii) the one year anniversary of the grant, in each case, subject to the Reporting Person being a service provider through each such date.

3. The RSUs do not expire; they either vest or are canceled prior to vesting date.

Remarks:

	/s/ Derrick Chapman, Attorney-in-fact	09/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who reported the Form 4 for DOCU?

This Form 4 was filed by James A. Beer, a Director of DocuSign, Inc.

What security and how many RSUs were granted on 08/29/2025?

The filing reports a grant of 729 Restricted Stock Units (RSUs) on 08/29/2025.

What is the vesting schedule for the RSUs?

RSUs have a vest commencement date of 05/29/2025 and vest in equal quarterly installments over one year, with the fourth installment potentially vesting earlier at the next annual meeting or the one-year anniversary.

How many shares does the reporting person beneficially own after the transaction?

After the reported transactions the filing shows 14,649 shares directly and 5,543 shares indirectly (by trust), and 2,187 shares underlying RSUs beneficially owned.

Was there a purchase price for the RSUs?

The RSUs were reported with a $0 price in the transaction entries.