SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

DOCUSIGN, INC.

(Last)

(First)

(Middle)

C/O DOCUSIGN, INC.

221 MAIN STREET, SUITE 1550

(Street)

SAN FRANCISCO

94105

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/28/2024

3. Issuer Name and Ticker or Trading Symbol
DOCUSIGN, INC. [ DOCU ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Revenue Officer

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Stock Units	⁽¹⁾	⁽²⁾	Common Stock	255,681	⁽³⁾	D
Performance Stock Units	⁽⁴⁾	⁽⁴⁾	Common Stock	127,841	⁽⁵⁾	D
Performance Stock Units	⁽⁶⁾	⁽⁶⁾	Common Stock	63,920	⁽⁵⁾	D
Performance Stock Units	⁽⁷⁾	⁽⁷⁾	Common Stock	63,920	⁽⁵⁾	D

Explanation of Responses:

1. The restricted stock units ("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 certain qualifying terminations of employment of the Reporting Person, including under certain circumstances following a change in control of the Issuer.

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

3. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

4. The performance-vested restricted stock units ("PSUs") will vest depending on the Issuer's total shareholder return ("TSR") over a three-year performance period, relative to companies in the Nasdaq Composite Index, subject to the Reporting Person being a service provider with certain limited exceptions. The maximum number of TSR-based PSUs that may vest is capped at 200% of the target number of TSR-based PSUs.

5. Each PSU represents a contingent right to receive one share of the Issuer's common stock.

6. The PSUs will vest depending on the Issuer's subscription revenue for the twelve-month period ended January 31, 2025 (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 on June 10, 2025 and the balance will vest in eight equal quarterly installments thereafter, subject to the Reporting Person being a service provider with certain limited exceptions.

7. The PSUs will vest depending on the Issuer'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 flow-based PSUs will vest on June 10, 2025 and the balance will vest in eight equal quarterly installments thereafter, subject to the Reporting Person being a service provider with certain limited exceptions.

Remarks:

	/s/ Lisa Yun, Attorney-in-fact	09/06/2024
	** 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 5 (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.