DOCUSIGN (DOCU) Growth President records RSU and PSU vesting with tax withholding
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 Trade Summary
| 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 |
Footnotes (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.
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Key Terms
Employee Stock Purchase Plan financial
Restricted Stock Units financial
Performance Stock Units financial
free cash flow financial
subscription revenue financial
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.
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.