Director at DocuSign (NASDAQ: DOCU) exercises 729 RSUs into stock

Rhea-AI Filing Summary

DOCUSIGN, INC. director Cain A. Hayes reported an equity award conversion rather than an open-market trade. On February 28, 2026, 729 Restricted Stock Units were exercised at $0.00 per unit, delivering 729 shares of common stock.

Following this transaction, Hayes directly owned 14,988 shares of DocuSign common stock. A separate line shows 729 Restricted Stock Units remaining directly held, each representing a contingent right to receive one share of common stock, subject to the disclosed vesting conditions.

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

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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^*

Hayes Cain A

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

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	02/28/2026		M		729	A	$0	14,988	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	(1)	02/28/2026		M			729	(2)	(3)	Common Stock	729	$0	729	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 have a vest commencement date of May 29, 2025 and will vest in equal quarterly installments over one year, provided that the fourth quarterly installment shall vest in full on the earlier of (i) the date of the Company's next annual meeting of stockholders and (ii) the one year anniversary of the grant, in each case, subject to the Reporting Person being a service provider through each such date.

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

Remarks:

	/s/ Derrick Chapman, Attorney-in-fact	03/03/2026
	** 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) director Cain A. Hayes report in this Form 4?

Cain A. Hayes reported exercising 729 Restricted Stock Units into 729 shares of DocuSign common stock at $0.00 per share. The filing reflects an equity award conversion, not an open-market purchase or sale of DOCU shares.

How many DocuSign (DOCU) shares does Cain A. Hayes own after this Form 4?

After the reported transaction, Cain A. Hayes directly owns 14,988 shares of DocuSign common stock. The Form 4 also shows 729 Restricted Stock Units held directly, each representing a contingent right to receive one additional DOCU share upon vesting.

What type of transaction is reported for DocuSign (DOCU) on February 28, 2026?

The Form 4 reports a derivative exercise/conversion on February 28, 2026. Specifically, 729 Restricted Stock Units were converted into 729 shares of DocuSign common stock at $0.00, categorized under transaction code “M” for derivative security exercise or conversion.

Do the DocuSign (DOCU) transactions involve buying or selling on the open market?

No, the transactions do not involve open-market buying or selling. They reflect the exercise and conversion of 729 Restricted Stock Units into common stock at $0.00, a standard equity award event for the director rather than a cash purchase or sale of DOCU shares.

What do the Restricted Stock Units represent in this DocuSign (DOCU) Form 4?

Each Restricted Stock Unit represents a contingent right to receive one share of DocuSign common stock. The RSUs vest in scheduled installments, and they either vest into shares or are canceled if vesting conditions, including continued service, are not met by the specified dates.

How do the remaining DocuSign (DOCU) RSUs for Cain A. Hayes vest?

The RSUs have a vest commencement date of May 29, 2025 and vest in equal quarterly installments over one year. The fourth installment vests on the earlier of the next annual stockholder meeting or the one-year grant anniversary, subject to continued service with DocuSign.