DocuSign CRO has 39K shares vest, 19K withheld
Docusign’s Chief Revenue Officer received 39,444 shares from vested RSUs and PSUs, with 19,559 shares withheld to cover taxes and no open-market sales reported.
Rhea-AI Filing Summary
DOCUSIGN, INC. (DOCU) reported that Chief Revenue Officer Paula Hansen had multiple equity awards vest and convert into common stock on September 15, 2026. Restricted stock units and performance stock units covering 39,444 shares converted into an equal number of shares of common stock.
Of these shares, 19,559 were withheld by Docusign to satisfy tax obligations related to the RSU and PSU vesting, with no open-market sales reported and no Rule 10b5-1 trading plan indicated. The RSU and PSU awards carry time-based and performance-based vesting conditions tied to subscription revenue and free cash flow for the FY25 performance period.
Positive
- None.
Negative
- None.
Insider Trade Summary
39,444 shares exercised/converted
Exercise
7 txns
Insider
Hansen Paula
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3, F4 | 15,980 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F5, F4 | 3,528 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F6, F4 | 7,433 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F7, F8 | 7,325 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F7, F9 | 5,178 | $0.00 | $0.00 |
| Exercise | Common Stock | 39,444 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 19,559 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 230,279 contracts (Direct);
Performance Stock Units — 17,322 contracts (Direct);
Common Stock — 109,857 shares (Direct)
Footnotes (9)
- 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") and performance-vested restricted stock unit ("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 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 August 10, 2024, 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.
- F4. The RSUs do not expire; they either vest or are canceled prior to vesting date.
- F5. 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.
- F6. 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.
- F7. Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
- F8. 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.
- F9. 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
Shares from RSU and PSU vesting: 39,444 shares
Shares withheld for tax obligations: 19,559 shares
Initial RSU vesting tranche: 25%
+3 more
6 metrics
Shares from RSU and PSU vesting
39,444 shares
Common stock received upon conversion of RSUs and PSUs on September 15, 2026
Shares withheld for tax obligations
19,559 shares
Common shares withheld to satisfy tax liability upon RSU and PSU vesting
Initial RSU vesting tranche
25%
First-year vesting portion of one RSU grant starting August 10, 2024
Four-year RSU vesting pattern
40% / 35% / 15% / 10%
Annual vesting percentages over four years starting May 10, 2025
Maximum PSU payout vs. target
200%
Cap on subscription revenue-based and free cash flow-based PSUs for FY25 performance period
Derivative exercises reported
5 transactions; 39,444 shares
Exercise or conversion of derivative securities into common stock
Key Terms
Restricted Stock Units, Performance Stock Units, subscription revenue, free cash flow, +1 more
5 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.
change in control regulatory
"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"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Docusign (DOCU) disclose about Paula Hansen’s recent equity transactions?
Docusign reported that Chief Revenue Officer Paula Hansen had RSUs and PSUs covering 39,444 shares vest and convert into common stock on September 15, 2026, with a portion of those shares withheld to cover tax obligations.
What are the vesting terms of the RSUs disclosed for Paula Hansen at Docusign (DOCU)?
One RSU grant vests 25% in the first year and the rest in 12 equal quarterly installments over three years from August 10, 2024. Another vests quarterly over four years starting May 10, 2025, with 40%, 35%, 15%, and 10% vesting in years 1–4, respectively.
How do the PSUs for Paula Hansen at Docusign (DOCU) vest?
Each PSU converts into one share of common stock if conditions are met. Vesting depends on subscription revenue and free cash flow for the FY25 performance period, with a maximum payout of 200% of target. Achieved PSUs vest over up to nine installments following a one-year anniversary.
Was a Rule 10b5-1 trading plan involved in Paula Hansen’s Docusign (DOCU) transactions?
No. The filing’s Rule 10b5-1 checkbox is not marked, and the footnotes do not indicate that these transactions were made under a Rule 10b5-1 or other pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
