Docusign CFO granted RSUs and PSUs tied to FY29 goals

GRAYSON BLAKE JEFFREY reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

GRAYSON BLAKE JEFFREY reported acquisition or exercise transactions in this Form 4 filing.

Docusign, Inc. reported equity awards to Chief Financial Officer Grayson Blake Jeffrey. On July 9, 2026, he received two grants of 44,600 Performance Stock Units each and a grant of 89,200 Restricted Stock Units, all at a price of $0.00 per unit. Each RSU represents one share of common stock and vests in equal quarterly installments over three years starting May 10, 2026, subject to continued service. The PSUs each represent one share of common stock and may vest based on subscription revenue and free cash flow goals over the three-year FY29 Financial Performance Period, with maximum vesting capped at 200% of target and any earned PSUs vesting on June 10, 2029, subject to continued service.

Insights

Executive compensation analyst

CFO received sizable time- and performance-based stock awards, aligning pay with long-term metrics.

The CFO of Docusign, Inc., Grayson Blake Jeffrey, received equity compensation consisting of two grants of 44,600 Performance Stock Units and 89,200 Restricted Stock Units. These awards cost no cash outlay, as the grant price is $0.00 per unit.

The RSUs vest quarterly over three years starting on May 10, 2026, encouraging medium-term retention. The PSU tranches vest based on subscription revenue and free cash flow achievements over the three-year FY29 Financial Performance Period, with potential vesting up to 200% of target and settlement on June 10, 2029. This structure ties a significant portion of compensation to multi-year growth and cash generation goals, though actual value will depend on meeting those performance targets.

Insider Trade Summary

Grant/Award: 178,400 shares

Grant/Award 3 txns

Insider GRAYSON BLAKE JEFFREY

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F1, F2, F3	89,200	$0.00	$0.00
Grant/Award	Performance Stock Units F4, F5, F6	44,600	$0.00	$0.00
Grant/Award	Performance Stock Units F4, F7, F6	44,600	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 89,200 contracts (Direct); Performance Stock Units — 89,200 contracts (Direct)

Footnotes (7)

1. F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
2. F2. 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.
3. F3. The RSUs do not expire; they either vest or are canceled prior to vesting date.
4. F4. Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
5. F5. The PSUs will vest depending on the Issuer's achievement of subscription revenue goals over a three-year performance period (the "FY29 Financial Performance Period"), with the goals established at the beginning of the first, second and third 12-month periods during the FY29 Financial 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. 100% of any achieved subscription revenue-based PSUs will vest on June 10, 2029, subject to the Reporting Person's continued service with certain limited exceptions.
6. F6. PSUs do not expire; they either vest or are canceled prior to the vest date.
7. F7. The PSUs will vest depending on the Issuer's achievement of free cash flow goals over the FY29 Financial Performance Period, with the goals established at the beginning of the first, second and third 12-month periods during the FY29 Financial 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. 100% of any achieved free cash flow-based PSUs will vest on June 10, 2029, subject to the Reporting Person's continued service with certain limited exceptions.

Key Figures

Performance Stock Units grant 1: 44,600 units Performance Stock Units grant 2: 44,600 units Restricted Stock Units grant: 89,200 units +4 more

7 metrics

Performance Stock Units grant 1 44,600 units Performance Stock Units granted on July 9, 2026

Performance Stock Units grant 2 44,600 units Second Performance Stock Units grant on July 9, 2026

Restricted Stock Units grant 89,200 units RSUs granted on July 9, 2026

Grant price per unit $0.00 Grant or award acquisition of RSUs and PSUs

PSU maximum vesting cap 200% Maximum number of PSUs that may vest relative to target

RSU vesting term Three years Equal quarterly installments over three years from May 10, 2026

PSU vesting date June 10, 2029 100% of any achieved PSUs vest on this date

Key Terms

Restricted Stock Unit, Performance Stock Unit, subscription revenue, free cash flow, +1 more

5 terms

Restricted Stock Unit financial

"Each restricted stock unit ("RSU") represents a contingent right to receive one share"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Performance Stock Unit financial

"Each performance stock unit ("PSU") represents a contingent right to receive one share"

A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.

subscription revenue financial

"will vest depending on the Issuer's achievement of subscription revenue goals over a three-year"

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

"will vest depending on the Issuer's achievement of free cash flow goals over the FY29"

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.

FY29 Financial Performance Period financial

"over a three-year performance period (the "FY29 Financial Performance Period")"

FAQ

What equity awards did DOCU CFO Grayson Blake Jeffrey receive on July 9, 2026?

On July 9, 2026, DOCU CFO Grayson Blake Jeffrey received two grants of 44,600 Performance Stock Units each and a grant of 89,200 Restricted Stock Units, all at a grant price of $0.00 per unit.

How do the DOCU CFO’s new Restricted Stock Units vest?

Each DOCU RSU granted to the CFO represents one share of common stock and will vest in equal quarterly installments over three years, starting on May 10, 2026, provided he remains a service provider through each vesting date.

What performance conditions apply to DOCU CFO’s Performance Stock Units?

The DOCU CFO’s PSUs vest based on subscription revenue and free cash flow goals over the three-year FY29 Financial Performance Period, with performance goals set at the start of each 12‑month period within that timeframe.

What is the maximum vesting potential of the DOCU Performance Stock Units?

For both subscription revenue-based and free cash flow-based PSUs at DOCU, the maximum number that may vest is capped at 200% of the target amount, with any achieved PSUs vesting on June 10, 2029, subject to continued service.

Do DOCU’s RSUs and PSUs held by the CFO expire?

DOCU’s footnotes state that the RSUs and PSUs do not expire; they either vest according to their schedules and conditions or are canceled before the relevant vesting date if conditions are not met.

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Accepted by SEC EDGAR 07/10/2026 - 04:44 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 CALIFORNIA 94105

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2026

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

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

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

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

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	(1)	07/09/2026		A		89,200		(2)	(3)	Common Stock	89,200	$0	89,200	D
Performance Stock Units	(4)	07/09/2026		A		44,600		(5)	(6)	Common Stock	44,600	$0	44,600	D
Performance Stock Units	(4)	07/09/2026		A		44,600		(7)	(6)	Common Stock	44,600	$0	44,600	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.

2. 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.

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

4. Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.

5. The PSUs will vest depending on the Issuer's achievement of subscription revenue goals over a three-year performance period (the "FY29 Financial Performance Period"), with the goals established at the beginning of the first, second and third 12-month periods during the FY29 Financial 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. 100% of any achieved subscription revenue-based PSUs will vest on June 10, 2029, subject to the Reporting Person's continued service with certain limited exceptions.

6. PSUs do not expire; they either vest or are canceled prior to the vest date.

7. The PSUs will vest depending on the Issuer's achievement of free cash flow goals over the FY29 Financial Performance Period, with the goals established at the beginning of the first, second and third 12-month periods during the FY29 Financial 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. 100% of any achieved free cash flow-based PSUs will vest on June 10, 2029, subject to the Reporting Person's continued service with certain limited exceptions.

Remarks:

	/s/ Derrick Chapman, Attorney-in-fact	07/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)