DocuSign CFO has 44K stock awards vest
Docusign’s CFO received 44,234 common shares from RSU and PSU vesting, with 17,730 shares withheld to cover associated taxes.
Rhea-AI Filing Summary
DOCUSIGN, INC. (DOCU) reported that Chief Financial Officer Blake Jeffrey Grayson had restricted stock units and performance stock units vest on September 15, 2026, converting into 44,234 shares of common stock. Of these, 17,730 shares were automatically withheld by Docusign to satisfy tax obligations tied to the RSU and PSU vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
44,234 shares exercised/converted
Exercise
8 txns
Insider
GRAYSON BLAKE JEFFREY
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3, F4 | 23,141 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F5, F4 | 5,119 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F6, F4 | 4,537 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F7, F4 | 7,433 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F8, F9 | 1,658 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F8, F10 | 2,346 | $0.00 | $0.00 |
| Exercise | Common Stock | 44,234 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 17,730 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 213,602 contracts (Direct);
Performance Stock Units — 5,550 contracts (Direct);
Common Stock — 107,933 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 in sixteen equal quarterly installments over four years, with a vesting commencement date of June 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 RSU/PSU vesting: 44,234 shares
Shares withheld for tax obligations: 17,730 shares
Derivative exercises (RSUs and PSUs): 44,234 shares
+2 more
5 metrics
Common shares acquired from RSU/PSU vesting
44,234 shares
Shares of Docusign common stock received on September 15, 2026 from RSU and PSU conversions
Shares withheld for tax obligations
17,730 shares
Common stock withheld by issuer to satisfy tax obligation on RSU and PSU vesting
Derivative exercises (RSUs and PSUs)
44,234 shares
Total underlying common shares from six derivative exercises reported
Number of dispose-type transactions
7 transactions
Includes six derivative conversions marked as disposals plus one tax-withholding entry
Number of acquire-type transactions
1 transaction
Common stock position acquired via conversion of RSUs and PSUs
Key Terms
Restricted Stock Units, Performance Stock Units, change in control, subscription revenue, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
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 performance stock unit ("PSU") represents a contingent right to receive one share"
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.
change in control financial
"subject to accelerated vesting in the event of a termination of employment ... following a change in control"
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 the twelve-month period"
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 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did DOCU’s CFO report in this Form 4 transaction?
Docusign’s CFO Blake Jeffrey Grayson reported vesting of RSUs and PSUs that converted into 44,234 shares of common stock on September 15, 2026, reflecting equity compensation becoming actual shares.
Were the DOCU Form 4 transactions open-market buys or sales?
No. The transactions involve vesting and conversion of RSUs and PSUs into common stock and a withholding of shares for taxes. There are no open-market purchases or sales reported.
Did Docusign’s CFO trade under a Rule 10b5-1 plan in this Form 4?
The Form 4 indicates that no Rule 10b5-1 trading plan was affirmed for these transactions, as the document-level checkbox for such a plan is not marked as true.
What equity awards for DOCU are described in the Form 4 footnotes?
The footnotes describe restricted stock units (RSUs) and performance stock units (PSUs), each representing a contingent right to receive one share of Docusign common stock, with vesting tied to service conditions and, for PSUs, to FY25 subscription revenue and free cash flow performance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
