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.

Insights

Equity Compensation Analyst

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.

SEC Form 4

FORM 4

UNITED 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

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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^*

GRAYSON BLAKE JEFFREY

(Last) (First) (Middle)

C/O DOCUSIGN, INC.

221 MAIN STREET, SUITE 800

(Street)

SAN FRANCISCO CA 94105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DOCUSIGN, INC. [ DOCU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/15/2026		M		37,448	A	$0	149,161	D
Common Stock	03/15/2026		F		15,365(1)	D	$0	133,796	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	03/15/2026		M			23,141	(3)	(4)	Common Stock	23,141	$0	115,706	D
Restricted Stock Units	(2)	03/15/2026		M			5,119	(5)	(4)	Common Stock	5,119	$0	46,073	D
Restricted Stock Units	(2)	03/15/2026		M			5,185	(6)	(4)	Common Stock	5,185	$0	36,299	D
Performance Stock Units	(7)	03/15/2026		M			1,658	(8)	(8)	Common Stock	1,658	$0	8,867	D
Performance Stock Units	(7)	03/15/2026		M			2,345	(9)	(9)	Common Stock	2,345	$0	4,057	D

Explanation of Responses:

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").

2. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

3. 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

4. The RSUs do not expire; they either vest or are canceled prior to vesting date.

5. 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.

6. 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.

7. Each PSU represents a contingent right to receive one share of the Issuer's common stock.

8. 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.

9. 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-fact	03/17/2026
	** Signature of Reporting Person	Date
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.

FAQ

What did DocuSign (DOCU) CFO Blake Jeffrey Grayson report in this Form 4?

Blake Jeffrey Grayson reported routine equity compensation activity. On 2026-03-15, his restricted stock units and performance stock units vested, converting into 37,448 shares of DocuSign common stock, with a portion withheld to cover associated tax obligations rather than sold on the open market.

How many DocuSign shares did the CFO acquire through RSU and PSU vesting?

The CFO acquired 37,448 shares of DocuSign common stock via vesting and settlement of RSUs and PSUs. Each RSU and PSU represents a contingent right to one common share, so these derivative awards converted into newly delivered shares as part of his ongoing compensation program.

How many DocuSign shares were withheld for taxes in this filing?

DocuSign withheld 15,365 common shares to satisfy Blake Jeffrey Grayson’s tax obligations arising from the vesting and settlement of his RSUs and PSUs. This tax-withholding disposition is coded F and reflects a non-market transaction, not an open-market sale of shares into the market.

What are the CFO’s DocuSign share holdings after these transactions?

After these transactions, Blake Jeffrey Grayson directly owns 133,796 shares of DocuSign common stock. This post-transaction balance incorporates the shares delivered from vested RSUs and PSUs, net of the 15,365 shares withheld by the company to cover related tax liabilities on the vesting event.

Do these DocuSign Form 4 transactions indicate open-market buying or selling?

No open-market buying or selling is reported. The Form 4 shows code M derivative exercises from RSU and PSU vesting and a code F tax-withholding disposition. Shares were delivered as compensation and some withheld for taxes, rather than being purchased or sold on the open market.

How do DocuSign RSUs and PSUs work for the CFO’s compensation?

Each RSU and PSU gives the right to receive one DocuSign common share if vesting conditions are met. RSUs generally vest over time in quarterly installments, while PSUs depend on performance metrics like subscription revenue and free cash flow for the FY25 performance period before time-based vesting continues.