DocuSign CLO vests 18,277 shares; 11,983 withheld
DOCUSIGN’s Chief Legal Officer received common shares from vested RSUs and PSUs, with a large portion withheld to pay related taxes.
Rhea-AI Filing Summary
DOCUSIGN, INC. (DOCU) reported that Chief Legal Officer James P. Shaughnessy settled previously granted equity awards on September 15, 2026. He acquired 18,277 shares of common stock through the vesting and conversion of restricted stock units (RSUs) and performance stock units (PSUs), and 11,983 shares of common stock were withheld by the company to satisfy tax obligations associated with these vestings.
Positive
- None.
Negative
- None.
Insider Trade Summary
18,277 shares exercised/converted
Exercise
9 txns
Insider
Shaughnessy James P
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3, F4 | 2,932 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F5, F4 | 2,187 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F6, F4 | 3,370 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F7, F4 | 3,024 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F8, F4 | 4,129 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F9, F10 | 1,091 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F9, F11 | 1,544 | $0.00 | $0.00 |
| Exercise | Common Stock | 18,277 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 11,983 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 93,297 contracts (Direct);
Performance Stock Units — 3,653 contracts (Direct);
Common Stock — 59,109 shares (Direct)
Footnotes (11)
- F1. 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") or performance-vested restricted stock units ("PSUs").
- F2. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- F3. The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of July 10, 2022, in each case subject to the Reporting Person being a service provider through each such date. The restricted stock units 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.
- F4. The RSUs do not expire; they either vest or are canceled prior to vesting date.
- F5. The RSUs will vest in equal quarterly installments over four years, with a vesting commencement date of May 10, 2023, in each case subject to the reporting person being a service provider through such date.
- F6. 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.
- F7. 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.
- F8. The RSUs will vest in equal quarterly installments over three years, with a vesting commencement date of May 10, 2026, in each case subject to the Reporting Person being a service provider through such date.
- F9. Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
- F10. 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 date of grant and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
- F11. 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 date of grant and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
Key Figures
Common stock acquired from RSU/PSU vesting: 18,277 shares
Shares withheld for tax obligations: 11,983 shares
Derivative exercises reported: 7 transactions
+2 more
5 metrics
Common stock acquired from RSU/PSU vesting
18,277 shares
Shares of DOCUSIGN common stock received on September 15, 2026 from equity award vesting
Shares withheld for tax obligations
11,983 shares
Common shares withheld by DOCUSIGN to satisfy tax obligations on vested RSUs and PSUs
Derivative exercises reported
7 transactions
Number of RSU and PSU conversion transactions reported as derivative exercises
Total shares from derivative exercises
18,277 shares
Underlying common stock from RSU and PSU conversions on September 15, 2026
Tax-withholding disposition transactions
1 transaction
Single code F transaction delivering or withholding shares for tax liability
Key Terms
Restricted Stock Units, Performance Stock Units, subscription revenue, free cash flow
4 terms
Restricted Stock Units financial
"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"
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.
Performance Stock Units financial
"Each performance stock unit ("PSU") represents a contingent right to receive one share"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
subscription revenue financial
"The PSUs will vest depending on the Company's subscription revenue for the twelve-month period ended January 31, 2025"
Payments a company receives on a regular schedule from customers who pay to access a product or service over time, like a magazine or gym membership fee. Investors care because these recurring payments create more predictable sales and cash flow, make future revenue easier to forecast, and indicate customer loyalty; changes in subscription growth or churn can quickly affect a company’s valuation and financial health.
free cash flow financial
"The PSUs will vest depending on the Company's free cash flow for the FY25 Performance Period"
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did DOCU’s Chief Legal Officer report in this Form 4?
The Chief Legal Officer, James P. Shaughnessy, reported the vesting and conversion of RSUs and PSUs into 18,277 shares of DOCUSIGN common stock on September 15, 2026, with a portion of those shares withheld to cover taxes.
What types of equity awards are involved in this DOCU Form 4?
The transactions involve restricted stock units (RSUs) and performance stock units (PSUs). Each RSU or PSU represents a contingent right to receive one share of DOCUSIGN common stock, subject to time-based vesting or performance goals and continued service.
Were the DOCU transactions made under a Rule 10b5-1 trading plan?
The Form 4 indicates that the Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes describing these RSUs and PSUs do not state that the transactions were made under a Rule 10b5-1 trading plan.
What performance measures affect the PSUs reported for DOCU?
The PSUs vest based on DOCUSIGN’s subscription revenue and free cash flow for the twelve-month FY25 performance period. For each metric, the maximum number of vesting PSUs is capped at 200% of the target, with vesting spread over time if achieved.
AI-generated analysis. How Rhea-AI works. Not financial advice.
