DocuSign (DOCU) CFO receives 37,448 shares; 15,365 withheld for taxes
Rhea-AI Filing Summary
DocuSign, Inc.’s Chief Financial Officer Blake Jeffrey Grayson reported routine equity compensation activity. On 2026-03-15, he acquired 37,448 shares of common stock through the vesting and settlement of restricted stock units (RSUs) and performance stock units (PSUs).
To satisfy related tax obligations on these vestings, 15,365 shares of common stock were withheld by DocuSign, a non-market transaction classified as a tax-withholding disposition. After these transactions, Grayson directly owned 133,796 shares of DocuSign common stock.
Positive
- None.
Negative
- None.
Insights
Routine RSU and PSU vesting for DocuSign’s CFO with shares withheld for taxes.
The transactions show Blake Jeffrey Grayson, DocuSign’s CFO, receiving common stock as his RSUs and PSUs vested. Code M entries indicate derivative exercises, converting these equity awards into 37,448 common shares, consistent with standard executive compensation structures.
A code F transaction shows 15,365 shares withheld to cover tax liabilities, a common non-market mechanism that does not reflect an open-market sale. Following these moves, he directly holds 133,796 shares. Overall, this appears to be routine vesting rather than a directional bet on the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 23,141 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,119 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,185 | $0.00 | -- |
| Exercise | Performance Stock Units | 1,658 | $0.00 | -- |
| Exercise | Performance Stock Units | 2,345 | $0.00 | -- |
| Exercise | Common Stock | 37,448 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,365 | $0.00 | -- |
Footnotes (1)
- 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"). Each RSU represents a contingent right to receive one share of the Issuer's common stock. 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 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'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.
