Form 4 for DOCU DOCUSIGN, INC.
Accepted 2024-12-11 00:00:00 ET · period of report 2024-12-10 · accession 0001261333-24-000152 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-12-11 | 2024-12-10 | DOCU | Thygesen Allan C. | Pres, CEO, Dir | M - OptEx | $0.00 | +151.9K | 252.0K | +152% | $0 |
| D | 2024-12-11 | 2024-12-10 | DOCU | Thygesen Allan C. | Pres, CEO, Dir | M - OptEx | $0.00 | -151.9K | 2.03M | -7% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-12-10 | M | A | 151,950 | $0.00 | 252,012 | D | — | — | (F1) On December 10, 2024, the Issuer's Compensation Committee certified the achievement of performance criteria applicable to a portion of a Performance-Based Restricted Stock Units award ("PSUs") that was granted on October 14, 2022. The PSUs are further described in footnote 3. Pursuant to this certification, Tranche 1 (as defined in footnote 3) was achieved. As a result, the Reporting Person earned a total of 303,901 PSUs, of which 151,950 shares vested and will settle on December 15, 2024, and the remaining 151,951 shares will vest on December 10, 2026, subject to the Reporting Person's continuous CEO service on such dates. |
| 2 | Derivative | Performance Stock Units | 2024-12-10 | M | D | 151,950 | $0.00 | 2,030,106 | D | — · — to — | 151,950 Common Stock | (F2) Each PSU represents a contingent right to receive one share of Issuer's common stock. (F3) The PSUs granted on October 14, 2022, shall vest subject to the achievement of stock price targets ("Shareholder Value Creation (SVC) PSUs") over a 7-year period ("SVC Performance Period"). The SVC PSUs are divided into 6 separate tranches (each, a "Tranche") that require achievement of certain share price targets (each, a "Share Price Target"). Tranches 1-5 are eligible to be achieved during a 5-year performance period, and to the extent achieved, will vest 50% upon achievement and 50% upon the 2-year anniversary of achievement, subject to the Reporting Person's continuous CEO service on such dates. Tranche 6 is eligible to be earned during a 7-year performance period, and to the extent earned, will vest 50% upon achievement and 50% upon the 2-year anniversary of achievement, subject to the Reporting Person's continuous CEO service on such dates. Tranche 1 has been achieved. |