STOCK TITAN

DOCUSIGN (DOCU) Growth President records RSU and PSU vesting with tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

DOCUSIGN, INC. executive Robert Chatwani reported routine equity compensation activity. On June 15, 2026, he exercised awards that delivered 31,543 shares of common stock, primarily from restricted stock units and performance stock units converting into shares.

On the same date, 15,641 shares were withheld by the company to cover tax obligations from these vesting events, rather than being sold in the market. A prior entry shows an earlier grant of 346 shares of common stock on April 3, 2026 under the employee stock purchase plan.

Following these transactions, Chatwani directly holds 104,347 shares of DOCUSIGN common stock. The footnotes explain that RSUs and PSUs vest over several years based on continued service and, for PSUs, on subscription revenue and free cash flow performance targets.

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Insights

Routine vesting and tax withholding, no open‑market trades disclosed.

Robert Chatwani, President and General Manager, Growth at DOCUSIGN, exercised equity awards that delivered 31,543 shares of common stock on June 15, 2026. These came from restricted stock units (RSUs) and performance stock units (PSUs) converting into common shares as they vested.

To satisfy tax obligations from these vesting events, the company withheld 15,641 shares, coded as an F transaction. This is a non-market disposition and does not represent an open‑market sale. An earlier A‑code transaction reflects 346 shares acquired through the employee stock purchase plan.

After these transactions, Chatwani holds 104,347 DOCUSIGN shares directly. The remaining RSUs and PSUs vest over multi‑year schedules and depend in part on subscription revenue and free cash flow performance for specified fiscal periods, so their future settlement will depend on both employment tenure and company results.

Insider Chatwani Robert
Role President General Mgr, Growth
Type Security Shares Price Value
Exercise Restricted Stock Units 20,006 $0.00 --
Exercise Restricted Stock Units 3,413 $0.00 --
Exercise Restricted Stock Units 3,457 $0.00 --
Exercise Performance Stock Units 536 $0.00 --
Exercise Performance Stock Units 1,460 $0.00 --
Exercise Performance Stock Units 1,106 $0.00 --
Exercise Performance Stock Units 1,565 $0.00 --
Exercise Common Stock 31,543 $0.00 --
Tax Withholding Common Stock 15,641 $0.00 --
Grant/Award Common Stock 346 $41.11 $14K
Holdings After Transaction: Restricted Stock Units — 60,020 shares (Direct, null); Performance Stock Units — 0 shares (Direct, null); Common Stock — 104,347 shares (Direct, null)
Footnotes (1)
  1. Shares acquired pursuant to the Docusign, Inc. 2018 Employee Stock Purchase Plan ("ESPP"), for the ESPP purchase period of October 6, 2025, through April 3, 2026. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the issuer's common stock on April 3, 2026. 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 ("RSUs") and performance-vested restricted stock unit ("PSUs"). Includes 1 share acquired by the Reporting Person on October 4, 2024, pursuant to the Docusign, Inc. ESPP. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs will vest 25% over the first year, while the remaining will vest in twelve (12) equal quarterly installments over three years, with a vesting commencement date of March 10, 2023, 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. The RSUs do not expire; they either vest or are canceled prior to vesting date. The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of May 10, 2024, in each case subject to the reporting person being a service provider through such date. The RSUs will vest quarterly over a four year period commencing May 10, 2025, with 40% vesting during year 1, 35% vesting during year 2, 15% vesting during year 3, and 10% vesting during year 4, in each case subject to the Reporting Person being a service provider through each such date. Each PSU represents a contingent right to receive one share of the Issuer's common stock. The PSUs will vest depending on the Company subscription revenue for the twelve-month period ended January 31, 2024 (the "FY24 Performance Period"). The maximum number of subscription revenue-based PSUs that may vest is capped at 200% of the target number of subscription revenue-based PSUs. To the extent achieved, 1/3 of any achieved subscription revenue-based PSUs will vest following the one-year anniversary of the date of grant and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions. The PSUs will vest depending on the Company's free cash flow for the FY24 Performance Period. The maximum number of free cash flow-based PSUs that may vest is capped at 200% of the target number of free cash flow-based PSUs. To the extent achieved, 1/3 of any achieved free cash flow-based PSUs will vest following the one-year anniversary of the date of grant and the balance will vest in eight equal quarterly installments thereafter subject to continued service with certain limited exceptions. The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2025 (the "FY25 Performance Period"). The maximum number of subscription revenue-based PSUs that may vest is capped at 200% of the target number of subscription revenue-based PSUs. To the extent achieved, 1/3 of any achieved subscription revenue-based PSUs will vest following the one-year anniversary of the vesting commencement date and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions. The PSUs will vest depending on the Company's free cash flow for the FY25 Performance Period. The maximum number of free cash flow-based PSUs that may vest is capped at 200% of the target number of free cash flow-based PSUs. To the extent achieved, 1/3 of any achieved free cash flow-based PSUs will vest following the one-year anniversary of the vesting commencement date and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
Equity awards exercised 31,543 shares Common stock delivered from award exercises on June 15, 2026
Shares withheld for taxes 15,641 shares Withheld to satisfy tax obligations on June 15, 2026
Post-transaction holdings 104,347 shares Common stock directly owned after reported transactions
ESPP acquisition 346 shares at $41.11 Common stock acquired April 3, 2026 via ESPP
Tax-withholding total 15,641 shares Form 4 transactionSummary taxWithholdingShares
Award exercises count 7 transactions Form 4 transactionSummary exerciseCount for M-code entries
Employee Stock Purchase Plan financial
"Shares acquired pursuant to the Docusign, Inc. 2018 Employee Stock Purchase Plan ("ESPP")"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Restricted Stock Units financial
"The RSUs will vest 25% over the first year, while the remaining will vest"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Stock Units financial
"Each PSU represents a contingent right to receive one share of the Issuer's common stock."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
free cash flow financial
"The PSUs will vest depending on the Company's free cash flow for the FY24 Performance Period."
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
subscription revenue financial
"The PSUs will vest depending on the Company subscription revenue for the twelve-month period ended January 31, 2024"
Payments a company receives on a regular schedule from customers who pay to access a product or service over time, like a magazine or gym membership fee. Investors care because these recurring payments create more predictable sales and cash flow, make future revenue easier to forecast, and indicate customer loyalty; changes in subscription growth or churn can quickly affect a company’s valuation and financial health.
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SEC Form 4
FORM 4UNITED 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
Estimated average burden
hours per response:0.5
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*
Chatwani Robert

(Last)(First)(Middle)
C/O DOCUSIGN, INC.
221 MAIN STREET, SUITE 800

(Street)
SAN FRANCISCO CALIFORNIA 94105

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
DOCUSIGN, INC. [ DOCU ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
President General Mgr, Growth
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock04/03/2026AV346(1)A$41.1172,804D
Common Stock06/15/2026M31,543A$0104,347D
Common Stock06/15/2026F15,641(2)D$088,707(3)D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(4)06/15/2026M20,006 (5) (6)Common Stock20,006$060,020D
Restricted Stock Units(4)06/15/2026M3,413 (7) (6)Common Stock3,413$027,303D
Restricted Stock Units(4)06/15/2026M3,457 (8) (6)Common Stock3,457$020,742D
Performance Stock Units(9)06/15/2026M536 (10) (10)Common Stock536$00D
Performance Stock Units(9)06/15/2026M1,460 (11) (11)Common Stock1,460$00D
Performance Stock Units(9)06/15/2026M1,106 (12) (12)Common Stock1,106$04,806D
Performance Stock Units(9)06/15/2026M1,565 (13) (13)Common Stock1,565$01,140D
Explanation of Responses:
1. Shares acquired pursuant to the Docusign, Inc. 2018 Employee Stock Purchase Plan ("ESPP"), for the ESPP purchase period of October 6, 2025, through April 3, 2026. In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the issuer's common stock on April 3, 2026.
2. 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 ("RSUs") and performance-vested restricted stock unit ("PSUs").
3. Includes 1 share acquired by the Reporting Person on October 4, 2024, pursuant to the Docusign, Inc. ESPP.
4. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
5. The RSUs will vest 25% over the first year, while the remaining will vest in twelve (12) equal quarterly installments over three years, with a vesting commencement date of March 10, 2023, 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.
6. The RSUs do not expire; they either vest or are canceled prior to vesting date.
7. The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of May 10, 2024, in each case subject to the reporting person being a service provider through such date.
8. The RSUs will vest quarterly over a four year period commencing May 10, 2025, with 40% vesting during year 1, 35% vesting during year 2, 15% vesting during year 3, and 10% vesting during year 4, in each case subject to the Reporting Person being a service provider through each such date.
9. Each PSU represents a contingent right to receive one share of the Issuer's common stock.
10. The PSUs will vest depending on the Company subscription revenue for the twelve-month period ended January 31, 2024 (the "FY24 Performance Period"). The maximum number of subscription revenue-based PSUs that may vest is capped at 200% of the target number of subscription revenue-based PSUs. To the extent achieved, 1/3 of any achieved subscription revenue-based PSUs will vest following the one-year anniversary of the date of grant and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
11. The PSUs will vest depending on the Company's free cash flow for the FY24 Performance Period. The maximum number of free cash flow-based PSUs that may vest is capped at 200% of the target number of free cash flow-based PSUs. To the extent achieved, 1/3 of any achieved free cash flow-based PSUs will vest following the one-year anniversary of the date of grant and the balance will vest in eight equal quarterly installments thereafter subject to continued service with certain limited exceptions.
12. The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2025 (the "FY25 Performance Period"). The maximum number of subscription revenue-based PSUs that may vest is capped at 200% of the target number of subscription revenue-based PSUs. To the extent achieved, 1/3 of any achieved subscription revenue-based PSUs will vest following the one-year anniversary of the vesting commencement date and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
13. The PSUs will vest depending on the Company's free cash flow for the FY25 Performance Period. The maximum number of free cash flow-based PSUs that may vest is capped at 200% of the target number of free cash flow-based PSUs. To the extent achieved, 1/3 of any achieved free cash flow-based PSUs will vest following the one-year anniversary of the vesting commencement date and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
Remarks:
/s/ Derrick Chapman, Attorney-in-fact06/17/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What did DOCUSIGN (DOCU) executive Robert Chatwani report in this Form 4?

He reported equity compensation activity, mainly vesting and conversion of RSUs and PSUs into common stock. On June 15, 2026, awards delivered 31,543 DOCUSIGN shares, while 15,641 shares were withheld to cover tax obligations rather than sold in the open market.

How many DOCUSIGN (DOCU) shares does Robert Chatwani hold after these transactions?

After the reported transactions, Robert Chatwani directly holds 104,347 shares of DOCUSIGN common stock. This figure reflects the net position after equity award exercises, ESPP-related acquisition activity, and shares withheld by the issuer to satisfy tax liabilities from vesting.

Were any of Robert Chatwani’s DOCUSIGN (DOCU) transactions open‑market buys or sells?

No open‑market purchases or sales are disclosed. The filing shows equity award exercises (M code), a tax‑withholding disposition of 15,641 shares (F code), and a prior grant of 346 shares under the employee stock purchase plan, all categorized as compensation-related activity.

What is the role of tax withholding in this DOCUSIGN (DOCU) Form 4?

The company withheld 15,641 DOCUSIGN shares to satisfy Robert Chatwani’s tax obligations from RSU and PSU vesting. This F‑code transaction represents payment of taxes using shares, not an open‑market sale, and is a common feature of equity compensation programs.

How do DOCUSIGN (DOCU) RSUs and PSUs described here vest for Robert Chatwani?

The RSUs vest over multi‑year schedules, often with an initial 25% tranche then quarterly installments, contingent on continued service. The PSUs vest based on DOCUSIGN’s subscription revenue and free cash flow for FY24 and FY25 performance periods, plus continued service, with caps up to 200% of target.

What DOCUSIGN (DOCU) employee stock purchase plan activity is mentioned for Robert Chatwani?

The filing notes 346 shares acquired on April 3, 2026 under DOCUSIGN’s 2018 Employee Stock Purchase Plan. According to the footnote, ESPP shares are purchased at 85% of the closing stock price on the purchase date for the relevant offering period.