DocuSign (DOCU) growth executive discloses December stock sales and RSU/PSU vesting
Rhea-AI Filing Summary
DocuSign, Inc. reported insider stock activity by its President and General Manager, Growth. On December 15, 2025, the executive sold 1,683 shares of common stock at $70.87 per share under a Rule 10b5-1 trading plan. That same day, vested equity awards were exercised, adding 31,538 shares, and the company withheld 16,019 shares at no price to cover tax obligations from vesting restricted and performance stock units.
On December 17, 2025, the executive completed additional open-market sales of 5,253 shares at an average price of $67.88 and 8,565 shares at an average price of $68.61, with exact prices ranging from $67.31 to $69.05. Following these transactions, the executive directly held 70,197 shares of DocuSign common stock, along with multiple tranches of restricted stock units and performance stock units that may convert into shares over time based on service and performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,253 | $67.88 | $357K |
| Sale | Common Stock | 8,565 | $68.61 | $588K |
| Exercise | Restricted Stock Units | 20,006 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,412 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,457 | $0.00 | -- |
| Exercise | Performance Stock Units | 535 | $0.00 | -- |
| Exercise | Performance Stock Units | 1,458 | $0.00 | -- |
| Exercise | Performance Stock Units | 1,106 | $0.00 | -- |
| Exercise | Performance Stock Units | 1,564 | $0.00 | -- |
| Sale | Common Stock | 1,683 | $70.87 | $119K |
| Exercise | Common Stock | 31,538 | $0.00 | -- |
| Tax Withholding | Common Stock | 16,019 | $0.00 | -- |
Footnotes (1)
- The transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person. 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"). The shares were sold at prices ranging from $67.31 to $68.29. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. The shares were sold at prices ranging from $68.33 to $69.05. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. Each 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 in equal quarterly installments over four years, with a vesting commencement date of May 10, 2024, in each case subject to the reporting person being a service provider through such date. 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. Each 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 "FY24 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 FY24 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. 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. 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 vesting commencement date and the balance will vest in eight equal quarterly installments thereafter, subject to continued service with certain limited exceptions.
FAQ
What insider activity at DocuSign (DOCU) is disclosed in this Form 4?
The filing reports that a DocuSign, Inc. executive, identified as the President and General Manager, Growth, executed multiple stock transactions in December 2025, including open-market sales of common stock, shares issued from vested equity awards, and shares withheld to satisfy tax obligations related to restricted and performance stock units.
Were the DocuSign (DOCU) stock sales made under a Rule 10b5-1 trading plan?
Yes. The explanation notes that at least one of the reported transactions on December 15, 2025 was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person, which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) for pre-planned trading.
What equity awards for the DocuSign (DOCU) executive are described in the filing?
The document details several restricted stock unit and performance stock unit grants. RSUs generally convert into one share of common stock each and vest over multi-year schedules, such as 25% in the first year with the remainder in quarterly installments. PSUs vest based on metrics like subscription revenue or free cash flow during the FY24 and FY25 performance periods, with potential vesting capped at 200% of target units.
