DocuSign CEO exercises stock units, covers tax in shares

DocuSign President and CEO Allan C. Thygesen reported routine equity compensation activity.

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Form Type

Rhea-AI Filing Summary

DocuSign President and CEO Allan C. Thygesen reported routine equity compensation activity. On June 15, 2026, he exercised performance stock units and restricted stock units that each convert into one share of common stock, adding to his direct holdings.

As part of the same event, 32,510 shares of common stock were withheld by DocuSign to cover tax obligations triggered by the vesting of these awards, rather than being sold in the open market. Following these transactions, Thygesen directly owned 185,288 shares of common stock, reflecting compensation-related vesting and associated tax withholding, not discretionary buying or selling.

Insider Trade Summary

65,561 shares exercised/converted

Exercise 10 txns

Insider Thygesen Allan C.

Role President and CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	11,497	$0.00	$0.00
Exercise	Restricted Stock Units	8,749	$0.00	$0.00
Exercise	Restricted Stock Units	10,466	$0.00	$0.00
Exercise	Restricted Stock Units	10,602	$0.00	$0.00
Exercise	Performance Stock Units	3,214	$0.00	$0.00
Exercise	Performance Stock Units	8,750	$0.00	$0.00
Exercise	Performance Stock Units	5,087	$0.00	$0.00
Exercise	Performance Stock Units	7,196	$0.00	$0.00
Exercise	Common Stock	65,561	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	32,510	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 205,328 contracts (Direct); Performance Stock Units — 27,341 contracts (Direct); Common Stock — 185,288 shares (Direct)

Footnotes (12)

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") or performance-vested restricted stock units ("PSUs").
F2. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F3. The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of October 10, 2022, 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, 2023, in each case subject to the reporting person being a service provider through such date.
F6. 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.
F7. 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.
F8. Each 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, 2024 (the "FY24 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 FY24 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.
F11. 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.
F12. 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.

Key Figures

Tax-withholding shares: 32,510 shares Common shares acquired via exercise: 65,561 shares Post-transaction common holdings: 217,798 shares +4 more

7 metrics

Tax-withholding shares 32,510 shares Shares withheld to satisfy tax obligation on June 15, 2026

Common shares acquired via exercise 65,561 shares Exercise of derivative securities into common stock

Post-transaction common holdings 217,798 shares Directly owned by CEO after reported transactions

Performance stock units converted 7,196 shares Performance stock units converting into common stock

Additional PSUs converted 5,087 shares Another PSU tranche converting into common stock

Restricted stock units converted 10,602 shares RSUs converting into common stock on June 15, 2026

Further RSUs converted 10,466 shares Additional RSUs converting into common stock

Key Terms

Restricted Stock Units, Performance Stock Units, subscription revenue, free cash flow, +2 more

6 terms

Restricted Stock Units financial

"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")"

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

"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") or performance-vested restricted stock units ("PSUs")"

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.

subscription revenue financial

"The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2024"

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 FY24 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.

FY24 Performance Period financial

"The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2024 (the "FY24 Performance Period")"

change in control financial

"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"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did DocuSign (DOCU) report for CEO Allan Thygesen?

DocuSign reported that CEO Allan Thygesen exercised multiple performance and restricted stock units into common shares, while 32,510 shares were withheld to satisfy tax obligations. These were compensation-related events, not open-market purchases or sales of DocuSign stock.

Did DocuSign (DOCU) CEO Allan Thygesen sell any shares in this Form 4?

The filing shows no open-market sales. Instead, 32,510 shares were withheld by DocuSign to cover taxes due on vested stock units. This tax-withholding disposition is a standard mechanism and does not reflect a discretionary sale decision by the CEO.

How many DocuSign (DOCU) shares does the CEO hold after these transactions?

After the reported transactions, CEO Allan Thygesen directly held 217,798 shares of DocuSign common stock. This post-transaction balance reflects new shares from vested units, offset by shares withheld by the company to meet related tax obligations.

What equity awards vested for DocuSign (DOCU) CEO in this filing?

The CEO had restricted stock units and performance stock units vest, each convertible into one share of DocuSign common stock. These awards vest over multi-year schedules tied to service, subscription revenue, and free cash flow performance for specified fiscal-year periods.

How are DocuSign (DOCU) performance stock units structured for the CEO?

Performance stock units vest based on DocuSign’s subscription revenue and free cash flow over defined performance periods, such as FY24 and FY25. If performance targets are achieved, up to 200% of target units may vest, then settle in common shares over scheduled installments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/17/2026 - 08:45 PM EDT

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^*

Thygesen Allan C.

(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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/15/2026		M		65,561	A	$0	217,798	D
Common Stock	06/15/2026		F		32,510⁽¹⁾	D	$0	185,288	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽²⁾	06/15/2026		M			11,497	⁽³⁾	⁽⁴⁾	Common Stock	11,497	$0	22,995	D
Restricted Stock Units	⁽²⁾	06/15/2026		M			8,749	⁽⁵⁾	⁽⁴⁾	Common Stock	8,749	$0	34,996	D
Restricted Stock Units	⁽²⁾	06/15/2026		M			10,466	⁽⁶⁾	⁽⁴⁾	Common Stock	10,466	$0	83,728	D
Restricted Stock Units	⁽²⁾	06/15/2026		M			10,602	⁽⁷⁾	⁽⁴⁾	Common Stock	10,602	$0	63,609	D
Performance Stock Units	⁽⁸⁾	06/15/2026		M			3,214	⁽⁹⁾	⁽⁹⁾	Common Stock	3,214	$0	0	D
Performance Stock Units	⁽⁸⁾	06/15/2026		M			8,750	⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	8,750	$0	0	D
Performance Stock Units	⁽⁸⁾	06/15/2026		M			5,087	⁽¹¹⁾	⁽¹¹⁾	Common Stock	5,087	$0	22,104	D
Performance Stock Units	⁽⁸⁾	06/15/2026		M			7,196	⁽¹²⁾	⁽¹²⁾	Common Stock	7,196	$0	5,237	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") or performance-vested restricted stock units ("PSUs").

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

3. The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of October 10, 2022, 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, 2023, in each case subject to the reporting person being a service provider through such date.

6. 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.

7. 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.

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

9. The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2024 (the "FY24 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.

10. The PSUs will vest depending on the Company's free cash flow for the FY24 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.

11. 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.

12. 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	06/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR