DocuSign director converts RSUs into 729 shares
DocuSign director Teresa Briggs reported the conversion of restricted stock units into common shares.
Sentiment and the balance of points
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Rhea-AI Filing Summary
DocuSign director Teresa Briggs reported the conversion of restricted stock units into common shares. On the reported date, 729 Restricted Stock Units were exercised at a stated price of $0.0000 per unit, resulting in 729 shares of common stock. After this derivative exercise and corresponding acquisition, she directly owned 9,899 shares of DocuSign common stock. Each RSU represents a right to receive one share and, per the disclosure, RSUs vest in equal quarterly installments over one year from a vest commencement date of May 29, 2025, provided she remains a service provider through each vesting date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 729 | $0.00 | $0.00 |
| Exercise | Common Stock | 729 | $0.00 | $0.00 |
Footnotes (3)
- F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- F2. 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.
- F3. The RSUs do not expire; they either vest or are canceled prior to vesting date.
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