DocuSign (DOCU) CRO vests stock units, withholds shares to cover taxes

Rhea-AI Filing Summary

DocuSign Chief Revenue Officer Paula Hansen reported equity compensation activity involving restricted and performance stock units. On March 15, 2026, she exercised or settled RSUs and PSUs into 32,515 shares of common stock, according to the filing.

The company withheld 16,252 shares of common stock to satisfy tax obligations tied to these vestings, a non-market disposition. Following these transactions, Hansen directly held 85,233 shares of common stock. The footnotes explain that RSUs and PSUs each convert into one share upon vesting and include multi‑year, performance-based vesting schedules.

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^*

Hansen Paula

(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 Revenue 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		32,515	A	$0	101,485	D
Common Stock	03/15/2026		F		16,252(1)	D	$0	85,233	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			15,980	(3)	(4)	Common Stock	15,980	$0	159,801	D
Restricted Stock Units	(2)	03/15/2026		M			4,033	(5)	(4)	Common Stock	4,033	$0	28,232	D
Performance Stock Units	(6)	03/15/2026		M			7,324	(7)	(7)	Common Stock	7,324	$0	12,655	D
Performance Stock Units	(6)	03/15/2026		M			5,178	(8)	(8)	Common Stock	5,178	$0	27,678	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 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 August 10, 2024, 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 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.

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

7. 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.

8. 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) executive Paula Hansen report in this Form 4?

Paula Hansen reported the vesting and settlement of restricted and performance stock units into DocuSign common shares. These awards are part of her equity compensation and convert one-for-one into stock as time- and performance-based vesting conditions are met.

How many DocuSign shares did Paula Hansen receive and withhold for taxes?

Hansen exercised or settled equity awards into 32,515 DocuSign common shares. Of these, 16,252 shares were withheld by the company to cover tax obligations triggered by the vesting of RSUs and PSUs, rather than being sold on the open market.

How many DocuSign (DOCU) shares does Paula Hansen hold after this filing?

After the reported transactions, Paula Hansen directly holds 85,233 shares of DocuSign common stock. This figure reflects the equity awards that vested and the shares withheld by the issuer to satisfy associated tax liabilities on the vesting date.

What are DocuSign RSUs in Paula Hansen’s compensation package?

DocuSign restricted stock units give Hansen a contingent right to receive one common share per unit. The RSUs vest over time, including a schedule with 25% vesting in the first year and the remainder vesting quarterly over three years, subject to continued service.

How do DocuSign performance stock units (PSUs) vest for Paula Hansen?

Each PSU converts into one DocuSign share if performance targets are achieved. Vesting depends on subscription revenue and free cash flow for the FY25 performance period, with up to 200% of target eligible and achieved PSUs vesting over time after the performance period.

Was Paula Hansen’s tax-related share disposition a market sale of DocuSign stock?

No. The 16,252 DocuSign shares were withheld by the issuer to satisfy Hansen’s tax obligations on vesting. This tax-withholding disposition is not an open-market sale and reflects standard treatment of equity compensation, rather than discretionary selling activity.