DocuSign (DOCU) growth president gains stock via RSU and PSU vesting

Rhea-AI Filing Summary

DOCUSIGN, INC. executive Robert Chatwani reported equity compensation activity, not open‑market trading. On March 15, 2026, he exercised and settled restricted stock units (RSUs) and performance stock units (PSUs) that convert into common stock on a one‑for‑one basis at an exercise price of $0.00 per share.

These settlements delivered 31,541 shares of common stock, while 12,584 shares were withheld by DocuSign to cover tax obligations tied to the vesting, as described in the footnotes. After these transactions, Chatwani directly owns 89,154 shares of DocuSign common stock. The RSUs and PSUs vest over multi‑year schedules and, for PSUs, depend on subscription revenue and free cash flow performance for specified fiscal periods.

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^*

Chatwani Robert

(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)
	President General Mgr, Growth

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		31,541	A	$0	101,738	D
Common Stock	03/15/2026		F		12,584(1)	D	$0	89,154	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			20,007	(3)	(4)	Common Stock	20,007	$0	80,026	D
Restricted Stock Units	(2)	03/15/2026		M			3,413	(5)	(4)	Common Stock	3,413	$0	30,716	D
Restricted Stock Units	(2)	03/15/2026		M			3,457	(6)	(4)	Common Stock	3,457	$0	24,199	D
Performance Stock Units	(7)	03/15/2026		M			535	(8)	(8)	Common Stock	535	$0	536	D
Performance Stock Units	(7)	03/15/2026		M			1,458	(9)	(9)	Common Stock	1,458	$0	1,460	D
Performance Stock Units	(7)	03/15/2026		M			1,106	(10)	(10)	Common Stock	1,106	$0	5,912	D
Performance Stock Units	(7)	03/15/2026		M			1,565	(11)	(11)	Common Stock	1,565	$0	2,705	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 March 10, 2023, 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, 2024, in each case subject to the reporting person being a service provider through such date.

6. 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.

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

8. The PSUs will vest depending on the Company 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.

9. 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.

10. 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.

11. 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.
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FAQ

What did DocuSign (DOCU) executive Robert Chatwani report in this Form 4?

Robert Chatwani reported the vesting and settlement of RSUs and PSUs that converted into DocuSign common shares. These are equity compensation events, not open‑market purchases or sales, and reflect scheduled vesting based on time and company performance conditions.

How many DocuSign shares did Robert Chatwani receive and retain from the March 15, 2026 events?

The filing shows 31,541 DocuSign common shares delivered from RSU and PSU settlements. After 12,584 shares were withheld to satisfy tax obligations, his direct ownership position stands at 89,154 shares of DocuSign common stock according to the reported post‑transaction balance.

Were Robert Chatwani’s DocuSign (DOCU) transactions open‑market buys or sells?

No, the transactions were not open‑market trades. They are coded “M” for derivative exercises and “F” for tax withholding, indicating RSU and PSU vesting into common shares and issuer share withholding to cover taxes, rather than discretionary market buying or selling.

What are DocuSign RSUs and PSUs as reported in Robert Chatwani’s Form 4?

Each RSU and PSU represents a contingent right to receive one DocuSign common share. RSUs vest over time in scheduled quarterly installments, while PSUs vest based on DocuSign’s subscription revenue and free cash flow performance over defined fiscal periods, subject to continued service.

How do DocuSign performance stock units (PSUs) vest for Robert Chatwani?

The PSUs vest depending on DocuSign’s subscription revenue and free cash flow for the FY24 and FY25 performance periods. If performance targets are achieved, one‑third vests after one year, with the remaining two‑thirds vesting in eight equal quarterly installments, assuming continued service.

Why were 12,584 DocuSign shares withheld in Robert Chatwani’s Form 4 filing?

The footnotes explain that 12,584 shares were withheld by DocuSign to satisfy a tax obligation triggered by RSU and PSU vesting. This withholding is a standard, non‑market mechanism for covering income tax liabilities on equity compensation settlements.