DOCUSIGN (DOCU) director converts restricted stock units into 522 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DOCUSIGN, INC. director Michael George Rosenbaum reported the exercise or conversion of restricted stock units into common stock. On March 3, 2026, he exercised 522 restricted stock units at a price of $0.0000 per unit, receiving 522 shares of common stock. After these transactions, he directly held 5,221 restricted stock units and 1,044 shares of common stock. Each RSU represents the right to receive one share of common stock and will vest in twelve equal quarterly installments over three years starting on September 3, 2025, as long as he continues as a service provider.
Positive
- None.
Negative
- None.
Insider Trade Summary
522 shares exercised/converted
Mixed
2 txns
Insider
Rosenbaum Michael George
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 522 | $0.00 | -- |
| Exercise | Common Stock | 522 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 5,221 shares (Direct);
Common Stock — 1,044 shares (Direct)
Footnotes (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 twelve equal quarterly installments over three years, with a vesting commencement date of September 3, 2025, in each case subject to the Reporting Person being a service provider through each such date. The RSUs do not expire; they either vest or are canceled prior to vesting date.
FAQ
What did DOCUSIGN (DOCU) director Michael Rosenbaum report in this Form 4?
Michael Rosenbaum reported exercising 522 restricted stock units into 522 shares of DOCUSIGN common stock at $0.0000 per share. These transactions reflect the conversion of equity awards, not an open-market purchase or sale of shares.
What type of transactions are shown in this DOCUSIGN (DOCU) Form 4?
The Form 4 shows derivative exercise or conversion transactions, coded “M.” Rosenbaum converted 522 restricted stock units into 522 common shares at a stated price of $0.0000 per share, reflecting equity award vesting mechanics rather than market trading.
How do Michael Rosenbaum’s DOCUSIGN RSUs vest according to the filing?
The RSUs vest in twelve equal quarterly installments over three years, beginning on September 3, 2025. Vesting occurs only if Rosenbaum remains a service provider through each vesting date, providing ongoing performance and service-based conditions to receive the underlying shares.
Do DOCUSIGN (DOCU) RSUs reported here ever expire or lapse automatically?
According to the disclosure, these restricted stock units do not have a fixed expiration date. They either vest into DOCUSIGN common stock under the scheduled terms or are canceled before the applicable vesting date if vesting conditions are not satisfied.