DocuSign (DOCU) director awarded 4,384 RSUs, exercises 729 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DocuSign director Enrique T. Salem reported equity compensation activity. He received a grant of 4,384 restricted stock units (RSUs), each representing one share of common stock, vesting in equal quarterly installments over one year, tied to continued service.
On a separate date, he exercised 729 RSUs into 729 shares of common stock at no exercise price and did not report any same-day sale. After these transactions, he directly holds 167,318 shares of DocuSign common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
729 shares exercised/converted
Mixed
3 txns
Insider
Salem Enrique T
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,384 | $0.00 | -- |
| Exercise | Restricted Stock Units | 729 | $0.00 | -- |
| Exercise | Common Stock | 729 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 4,384 shares (Direct, null);
Common Stock — 167,318 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. 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. The RSUs do not expire. The RSUs have a vesting 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. The RSUs do not expire.
Key Figures
RSU grant size: 4,384 RSUs
RSU exercise: 729 shares
Post-transaction holdings: 167,318 shares
+2 more
5 metrics
RSU grant size
4,384 RSUs
Grant to Enrique T. Salem, each for one common share
RSU exercise
729 shares
RSUs converted into DocuSign common stock
Post-transaction holdings
167,318 shares
Direct DocuSign common stock held after transactions
RSU vesting period
1 year
New 4,384 RSUs vest quarterly over one year
Exercise price
$0.00 per share
Price for 729 RSUs exercised into common stock
Key Terms
Restricted Stock Units, vest commencement date, annual meeting of stockholders, service provider
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock."
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.
vest commencement date financial
"The RSUs have a vest commencement date of May 29, 2025 and will vest in equal quarterly installments over one year"
annual meeting of stockholders financial
"the fourth quarterly installment shall vest in full on the earlier of (i) the date of the Company's next annual meeting of stockholders"
service provider financial
"in each case, subject to the Reporting Person being a service provider through each such date."
FAQ
What did Enrique T. Salem report in this DocuSign (DOCU) Form 4 filing?
Enrique T. Salem reported equity compensation activity at DocuSign, including a grant of 4,384 restricted stock units and the exercise of 729 RSUs into common shares, increasing his directly held DocuSign common stock to 167,318 shares.
How many restricted stock units did Enrique T. Salem receive from DocuSign (DOCU)?
He received 4,384 restricted stock units from DocuSign. Each RSU represents the right to receive one share of common stock, subject to time-based vesting conditions and his continued service as a provider to the company.
What are the vesting terms for Enrique T. Salem’s new 4,384 RSUs at DocuSign (DOCU)?
The 4,384 RSUs vest in equal quarterly installments over one year. The final installment vests on the earlier of the next annual stockholder meeting or one year after grant, assuming he remains a service provider through each vesting date.
What RSU exercise did Enrique T. Salem report for DocuSign (DOCU)?
He reported exercising 729 restricted stock units into 729 shares of DocuSign common stock at an exercise price of $0.00 per share, converting a fully vested RSU award into directly held common stock without reporting any same-day sale.