Sec Form 4 Filing - Thygesen Allan C. @ DOCUSIGN, INC. - 2024-12-10

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Thygesen Allan C.
2. Issuer Name and Ticker or Trading Symbol
DOCUSIGN, INC. [ DOCU]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President and CEO
(Last) (First) (Middle)
C/O DOCUSIGN, INC., 221 MAIN STREET, SUITE 1550
3. Date of Earliest Transaction (MM/DD/YY)
12/10/2024
(Street)
SAN FRANCISCO, CA94105
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/10/2024 M 151,950 ( 1 ) A $ 0 252,012 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Stock Units ( 2 ) 12/10/2024 M 151,950 ( 3 ) ( 3 ) Common Stock 151,950 $ 0 2,030,106 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Thygesen Allan C.
C/O DOCUSIGN, INC.
221 MAIN STREET, SUITE 1550
SAN FRANCISCO, CA94105
X President and CEO
Signatures
/s/ Lisa Yun, Attorney-in-fact 12/11/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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 )Each PSU represents a contingent right to receive one share of Issuer's common stock.
( 3 )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.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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