DocuSign (DOCU) CFO discloses RSU vesting, tax withholding and stock sales
Rhea-AI Filing Summary
DocuSign, Inc. Chief Financial Officer, identified as an officer of the company, reported multiple equity transactions in December 2025. On 12/15/2025, the CFO acquired 37,453 shares of common stock at $0 through the vesting and settlement of restricted stock units (RSUs) and performance stock units (PSUs), and 15,385 shares were withheld to cover tax obligations. Following these transactions, the CFO directly held 127,728 shares of common stock.
On 12/17/2025, the CFO sold 3,525 shares at an average price within a range of $67.31 to $68.29, and 5,990 shares at prices ranging from $68.33 to $69.05, under a pre-established Rule 10b5-1 trading plan. The filing also details ongoing RSU and PSU awards that vest over several years or based on DocuSign’s FY25 subscription revenue and free cash flow performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,525 | $67.86 | $239K |
| Sale | Common Stock | 5,990 | $68.61 | $411K |
| Exercise | Restricted Stock Units | 23,141 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,120 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,186 | $0.00 | -- |
| Exercise | Performance Stock Units | 1,659 | $0.00 | -- |
| Exercise | Performance Stock Units | 2,347 | $0.00 | -- |
| Exercise | Common Stock | 37,453 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,385 | $0.00 | -- |
Footnotes (1)
- 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 transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person. 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 in sixteen equal quarterly installments over four years, with a vesting commencement date of June 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'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 transaction did DocuSign (DOCU) disclose in this Form 4?
The filing reports that DocuSign’s Chief Financial Officer acquired 37,453 shares of common stock upon vesting of equity awards on 12/15/2025, had 15,385 shares withheld to satisfy taxes, and then sold 3,525 shares and 5,990 shares on 12/17/2025 at prices in the high-$60 range.
Were the DocuSign (DOCU) stock sales made under a Rule 10b5-1 plan?
Yes. The filing states that the sales of common stock on 12/17/2025 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person, which pre-schedules trades.
What equity awards for DocuSign (DOCU) does the CFO hold and how do they vest?
The CFO holds restricted stock units (RSUs) and performance stock units (PSUs). Certain RSUs vest in quarterly installments over four years, with different commencement dates, while PSUs can vest based on subscription revenue and free cash flow for the FY25 Performance Period, with payouts capped at 200% of target and vesting partly after the first anniversary and then quarterly.
