DocuSign director converts 1,096 RSUs to shares
Rhea-AI Filing Summary
DOCUSIGN, INC. (DOCU) director Cain A. Hayes reported the vesting and conversion of 1,096 Restricted Stock Units into an equal number of shares of common stock on September 1, 2026. Following these transactions, Hayes holds 3,288 RSUs and 16,813 shares of common stock directly. Each RSU represents a contingent right to receive one share of common stock, with vesting in equal quarterly installments over one year starting June 1, 2026, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,096 shares exercised/converted
Exercise
2 txns
Insider
Hayes Cain A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2, F3 | 1,096 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,096 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 3,288 contracts (Direct);
Common Stock — 16,813 shares (Direct)
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 June 1, 2026 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.
Key Figures
RSUs converted: 1,096 units
Common shares acquired from RSU conversion: 1,096 shares
Common stock holdings after transaction: 16,813 shares
+3 more
6 metrics
RSUs converted
1,096 units
Restricted Stock Units converted into common stock on September 1, 2026
Common shares acquired from RSU conversion
1,096 shares
Common stock received upon RSU conversion on September 1, 2026
Common stock holdings after transaction
16,813 shares
Direct DOCUSIGN common stock held by Cain A. Hayes after the reported transaction
RSU holdings after transaction
3,288 units
Restricted Stock Units held after the derivative transaction
RSU vesting schedule
4 quarterly installments over 1 year
Vesting from June 1, 2026 in equal quarterly installments over one year
Vest commencement date
June 1, 2026
Start date for RSU vesting schedule
Key Terms
Restricted Stock Units, contingent right, vest commencement date, quarterly installments
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
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.
contingent right financial
"represents a contingent right to receive one share of the Issuer's common stock"
vest commencement date financial
"The RSUs have a vest commencement date of June 1, 2026 and will vest"
quarterly installments financial
"will vest in equal quarterly installments over one year"
FAQ
What insider transaction did DOCU director Cain A. Hayes report on this Form 4?
Cain A. Hayes reported the vesting and conversion of 1,096 Restricted Stock Units into an equal number of DOCUSIGN common shares on September 1, 2026, reflecting an exercise or conversion of derivative securities rather than an open-market purchase or sale.
How many Restricted Stock Units in DOCU does Cain A. Hayes hold after this filing?
Following the reported conversion, Cain A. Hayes holds 3,288 Restricted Stock Units (RSUs), each representing a contingent right to receive one share of DOCUSIGN common stock, subject to the RSUs’ vesting conditions.
What are the vesting terms of Cain A. Hayes’s DOCU RSUs?
The RSUs have a vest commencement date of June 1, 2026 and will vest in equal quarterly installments over one year, with the fourth installment vesting on the earlier of the next annual stockholders’ meeting or the one-year anniversary, subject to continued service.
Do the RSUs reported by Cain A. Hayes in DOCU have an expiration date?
The filing states that the RSUs do not expire; they either vest or are canceled before the vesting date, depending on whether the service conditions are satisfied.
Was Cain A. Hayes’s DOCU transaction under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and no footnote describes a trading plan, so the filing does not state that these transactions were made pursuant to a Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
