DocuSign (NASDAQ: DOCU) CLO receives PSUs and RSUs tied to FY29 performance

Rhea-AI Filing Summary

Shaughnessy James P reported acquisition or exercise transactions in this Form 4 filing.

DOCUSIGN, INC. Chief Legal Officer James P. Shaughnessy reported equity compensation awards in the form of performance stock units (PSUs) and restricted stock units (RSUs). He received two PSU grants of 24,777 units each and one RSU grant of 49,555 units, each unit representing a contingent right to one share of common stock. The RSUs vest in equal quarterly installments over three years starting on May 10, 2026, subject to continued service. The PSUs vest based on subscription revenue and free cash flow goals over the FY29 Financial Performance Period, with up to 200% of target potentially vesting and any achieved PSUs vesting on June 10, 2029, subject to continued service.

Insights

Equity Compensation Analyst

Chief Legal Officer received time- and performance-based stock unit awards.

Chief Legal Officer James P. Shaughnessy was granted two tranches of 24,777 performance stock units (PSUs) and one tranche of 49,555 restricted stock units (RSUs), each convertible into common shares if vesting conditions are met. These are compensation awards, not open-market purchases or sales.

The RSUs vest quarterly over three years from May 10, 2026, aligning retention incentives with a medium-term horizon. The PSUs tie potential payouts to subscription revenue and free cash flow goals over the FY29 Financial Performance Period, with each PSU type capped at 200% of target and any achieved PSUs vesting on June 10, 2029. This design links a substantial portion of compensation to multi-year financial performance and continued service.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Shaughnessy James P

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	49,555	$0.00	--
Grant/Award	Performance Stock Units	24,777	$0.00	--
Grant/Award	Performance Stock Units	24,777	$0.00	--

Holdings After Transaction: Restricted Stock Units — 49,555 shares (Direct, null); Performance Stock Units — 24,777 shares (Direct, null)

Footnotes (1)

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. 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. The RSUs do not expire; they either vest or are canceled prior to vesting date. Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock. The PSUs will vest depending on the Issuer's achievement of subscription revenue goals over a three-year performance period (the "FY29 Financial Performance Period"), with the goals established at the beginning of the first, second and third 12-month periods during the FY29 Financial 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. 100% of any achieved subscription revenue-based PSUs will vest on June 10, 2029, subject to the Reporting Person's continued service with certain limited exceptions. PSUs do not expire; they either vest or are canceled prior to the vest date. The PSUs will vest depending on the Issuer's achievement of free cash flow goals over the FY29 Financial Performance Period, with the goals established at the beginning of the first, second and third 12-month periods during the FY29 Financial 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. 100% of any achieved free cash flow-based PSUs will vest on June 10, 2029, subject to the Reporting Person's continued service with certain limited exceptions.

Key Figures

Performance stock units grant 1: 24,777 units Performance stock units grant 2: 24,777 units Restricted stock units granted: 49,555 units +3 more

6 metrics

Performance stock units grant 1 24,777 units PSU grant representing contingent right to common stock reported for July 9, 2026

Performance stock units grant 2 24,777 units Second PSU grant with same underlying share amount on July 9, 2026

Restricted stock units granted 49,555 units RSU award vesting quarterly over three years from May 10, 2026

PSU vesting cap 200% Maximum number of subscription revenue- and free cash flow-based PSUs that may vest relative to target

PSU vesting date June 10, 2029 Date when 100% of any achieved PSUs vest, subject to continued service

RSU vesting start date May 10, 2026 Vesting commencement date for RSUs, with equal quarterly installments over three years

Key Terms

Performance Stock Units, Restricted Stock Units, subscription revenue-based PSUs, free cash flow-based PSUs, +1 more

5 terms

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.

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.

subscription revenue-based PSUs financial

"The PSUs will vest depending on the Issuer's achievement of subscription revenue goals"

free cash flow-based PSUs financial

"The PSUs will vest depending on the Issuer's achievement of free cash flow goals"

FY29 Financial Performance Period financial

"over a three-year performance period (the "FY29 Financial Performance Period")"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/10/2026 - 04:45 PM Accepted by SEC EDGAR 07/10/2026 - 04:44 PM Learn about SEC filing dates

FAQ

What equity awards did DOCU Chief Legal Officer James P. Shaughnessy receive in this Form 4?

James P. Shaughnessy received two grants of 24,777 performance stock units each and one grant of 49,555 restricted stock units. Each unit represents a contingent right to receive one share of DocuSign common stock, subject to vesting conditions.

How do the RSUs granted to DOCU’s Chief Legal Officer vest?

The 49,555 RSUs vest in equal quarterly installments over three years, starting on May 10, 2026. Vesting requires Mr. Shaughnessy to remain a service provider through each applicable vesting date; unvested units can be canceled.

What performance conditions apply to the DOCU performance stock units reported in this filing?

The PSUs vest based on DocuSign’s subscription revenue and free cash flow goals over the FY29 Financial Performance Period. For each metric, up to 200% of target PSUs may vest, with achieved PSUs vesting on June 10, 2029, subject to continued service.

When will any achieved performance stock units for DOCU’s Chief Legal Officer actually vest?

Any achieved performance stock units tied to subscription revenue and free cash flow will vest on June 10, 2029. Vesting is contingent on DocuSign meeting specified FY29-period goals and Mr. Shaughnessy’s continued service, with certain limited exceptions.

Do the RSUs and PSUs reported for DOCU’s Chief Legal Officer have expiration dates?

According to the disclosure, the RSUs and PSUs do not expire. They either vest according to their respective time-based or performance-based schedules or are canceled before the applicable vesting date if conditions are not satisfied.

Are these DOCU Form 4 transactions open-market purchases or sales of common stock?

No. The Form 4 reports grant or award acquisitions of PSUs and RSUs, not open-market buys or sells. Each unit is a contingent right to receive common stock, subject to future vesting and performance conditions rather than immediate cash transactions.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Shaughnessy James P

(Last) (First) (Middle)

C/O DOCUSIGN, INC.

221 MAIN STREET, SUITE 800

(Street)

SAN FRANCISCO CALIFORNIA 94105

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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	(1)	07/09/2026		A		49,555		(2)	(3)	Common Stock	49,555	$0	49,555	D
Performance Stock Units	(4)	07/09/2026		A		24,777		(5)	(6)	Common Stock	24,777	$0	24,777	D
Performance Stock Units	(4)	07/09/2026		A		24,777		(7)	(6)	Common Stock	24,777	$0	24,777	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.

2. 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.

3. The RSUs do not expire; they either vest or are canceled prior to vesting date.

4. Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.

5. The PSUs will vest depending on the Issuer's achievement of subscription revenue goals over a three-year performance period (the "FY29 Financial Performance Period"), with the goals established at the beginning of the first, second and third 12-month periods during the FY29 Financial 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. 100% of any achieved subscription revenue-based PSUs will vest on June 10, 2029, subject to the Reporting Person's continued service with certain limited exceptions.

6. PSUs do not expire; they either vest or are canceled prior to the vest date.

7. The PSUs will vest depending on the Issuer's achievement of free cash flow goals over the FY29 Financial Performance Period, with the goals established at the beginning of the first, second and third 12-month periods during the FY29 Financial 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. 100% of any achieved free cash flow-based PSUs will vest on June 10, 2029, subject to the Reporting Person's continued service with certain limited exceptions.

Remarks:

	/s/ Derrick Chapman, Attorney-in-fact	07/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)