0001261333-24-000090.txt : 20240617
0001261333-24-000090.hdr.sgml : 20240617
20240617201227
ACCESSION NUMBER: 0001261333-24-000090
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240617
FILED AS OF DATE: 20240617
DATE AS OF CHANGE: 20240617
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Chatwani Robert
CENTRAL INDEX KEY: 0001968977
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38465
FILM NUMBER: 241049878
MAIL ADDRESS:
STREET 1: 221 MAIN STREET, SUITE 1550
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DOCUSIGN, INC.
CENTRAL INDEX KEY: 0001261333
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 912183967
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0131
BUSINESS ADDRESS:
STREET 1: 221 MAIN ST., SUITE 1550
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
BUSINESS PHONE: 415-489-4940
MAIL ADDRESS:
STREET 1: 221 MAIN ST., SUITE 1550
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
FORMER COMPANY:
FORMER CONFORMED NAME: DOCUSIGN INC
DATE OF NAME CHANGE: 20030826
4
1
wk-form4_1718669541.xml
FORM 4
X0508
4
2024-06-17
0
0001261333
DOCUSIGN, INC.
DOCU
0001968977
Chatwani Robert
C/O DOCUSIGN, INC.
221 MAIN STREET, SUITE 1550
SAN FRANCISCO
CA
94105
0
1
0
0
President General Mgr, Growth
0
Common Stock
2024-04-05
5
A
0
E
1184
35.81
A
64152
D
Common Stock
2024-06-17
4
M
0
37982
0
A
102134
D
Common Stock
2024-06-17
4
F
0
19252
0
D
82882
D
Restricted Stock Units
2024-06-17
4
M
0
20006
0
D
Common Stock
20006
220071
D
Restricted Stock Units
2024-06-17
4
M
0
10003
0
D
Common Stock
10003
30010
D
Performance Stock Units
2024-06-17
4
M
0
2143
0
D
Common Stock
2143
4286
D
Performance Stock Units
2024-06-17
4
M
0
5830
0
D
Common Stock
5830
11666
D
Shares acquired pursuant to the Docusign, Inc. 2018 Employee Stock Purchase Plan ("ESPP"), for the ESPP purchase period of October 6, 2023, through April 5, 2024. In accordance with the ESPP, these
shares were purchased at a price equal to 85% of the closing price of the issuer's common stock on October 6, 2023.
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.
Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
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 March 10, 2023, 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.
The RSUs do not expire; they either vest or are canceled prior to vesting date.
The RSUs will vest 12.5% in equal quarterly installments over two years, with a vesting commencement date of March 10, 2023, in each case subject to the Reporting Person being a service provider through each such date. The RSUs 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.
Each performance-vested restricted stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
The PSUs will vest depending on the Company subscription revenue for the twelve-month period ended January 31, 2024 (the "One-Year 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.
The PSUs will vest depending on the Company's free cash flow for the One-Year 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-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.
/s/ Derrick Chapman, Attorney-in-fact
2024-06-17