DocuSign officer has 35K stock awards vest
DOCUSIGN President and GM, Growth, received common shares from vesting equity awards, with a portion withheld for taxes.
Rhea-AI Filing Summary
DOCUSIGN, INC. (DOCU) reported that officer Robert Chatwani had multiple equity awards vest on September 15, 2026. Restricted stock units and performance stock units converted into 35,307 shares of common stock, and 17,508 shares of common stock were withheld by the company to satisfy related tax obligations. The RSUs vest over multi‑year quarterly schedules, while the PSUs vest based on the company’s FY25 subscription revenue and free cash flow performance; no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
35,307 shares exercised/converted
Exercise
8 txns
Insider
Chatwani Robert
Role
President General Mgr, Growth
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3, F4 | 20,007 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F5, F4 | 3,413 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F6, F4 | 3,024 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F7, F4 | 6,194 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F8, F9 | 1,105 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F8, F10 | 1,564 | $0.00 | $0.00 |
| Exercise | Common Stock | 35,307 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 17,508 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 149,760 contracts (Direct);
Performance Stock Units — 3,701 contracts (Direct);
Common Stock — 90,604 shares (Direct)
Footnotes (10)
- 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 ("RSUs") and performance-vested restricted stock unit ("PSUs").
- F2. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- F3. 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.
- F4. The RSUs do not expire; they either vest or are canceled prior to vesting date.
- F5. 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.
- F6. 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.
- F7. The RSUs will vest in equal quarterly installments over three years, with a vesting commencement date of May 10, 2026, in each case subject to the Reporting Person being a service provider through such date.
- F8. Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
- F9. 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 date of grant and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
- F10. 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 date of grant and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
Key Figures
Common shares acquired from equity vesting: 35,307 shares
Shares withheld for tax obligations: 17,508 shares
Derivative exercises: 35,307 shares
+1 more
4 metrics
Common shares acquired from equity vesting
35,307 shares
Shares of DOCUSIGN common stock received upon RSU and PSU conversion on September 15, 2026
Shares withheld for tax obligations
17,508 shares
Common shares withheld by DOCUSIGN to satisfy tax liability on vesting and settlement
Derivative exercises
35,307 shares
Total underlying shares from six derivative (RSU/PSU) exercises reported as of September 15, 2026
Maximum PSU vesting cap
200%
Cap of target PSUs that may vest based on FY25 subscription revenue and free cash flow performance
Key Terms
restricted stock unit ("RSU"), performance stock unit ("PSU"), change in control, subscription revenue, +2 more
6 terms
restricted stock unit ("RSU") financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one"
performance stock unit ("PSU") financial
"Each performance stock unit ("PSU") represents a contingent right to receive"
change in control financial
"subject to accelerated vesting in the event of a termination of employment"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
subscription revenue financial
"The PSUs will vest depending on the Company's subscription revenue for"
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.
free cash flow financial
"The PSUs will vest depending on the Company's free cash flow for the FY25"
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.
FY25 Performance Period financial
"for the twelve-month period ended January 31, 2025 (the "FY25 Performance Period")"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity activity did DOCU report for Robert Chatwani on September 15, 2026?
DOCUSIGN reported that RSUs and PSUs converted into 35,307 shares of common stock for officer Robert Chatwani on September 15, 2026, with a portion of those shares withheld to cover tax obligations related to the vesting and settlement.
Were Robert Chatwani’s DOCU transactions under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not marked, and the footnotes do not describe any trading plan, so no Rule 10b5-1 plan is reported for these transactions.
What type of equity awards vested for the DOCU officer in this filing?
The officer had restricted stock units (RSUs) and performance stock units (PSUs) that converted into DOCUSIGN common stock. RSUs vest over time on quarterly schedules, while PSUs vest based on FY25 subscription revenue and free cash flow performance targets.
Do the RSUs reported for DOCU convert into common stock on a one-for-one basis?
Yes. The footnotes state that each restricted stock unit (RSU) represents a contingent right to receive one share of DOCUSIGN’s common stock, so vested RSUs convert into an equal number of common shares.
How are the PSUs in DOCU’s Form 4 tied to company performance?
The PSUs will vest based on DOCUSIGN’s subscription revenue and free cash flow for the FY25 Performance Period. The maximum number of PSUs that may vest is capped at 200% of the target, with vesting spread over time following the performance measurement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
