Form 4: DocuSign CFO Sells Shares After RSU/PSU Vesting
Insider Transaction Report
DocuSign's CFO, Blake Jeffrey Grayson, sold shares totaling approximately $650,174 following the vesting of restricted and performance stock units, executed under a Rule 10b5-1 plan.
Summary
- Blake Jeffrey Grayson, Chief Financial Officer of DocuSign, Inc. (DOCU), reported transactions involving the company's common stock.
- On December 15, 2025, Mr. Grayson acquired 37,453 shares of common stock at a price of $0, resulting from the vesting of restricted stock units (RSUs) and performance stock units (PSUs).
- Concurrently, 15,385 shares were disposed of at $0 to satisfy tax obligations related to the RSU and PSU vesting.
- On December 17, 2025, Mr. Grayson sold 3,525 shares at an average price of $67.86 and 5,990 shares at an average price of $68.61.
- These sales, totaling 9,515 shares for approximately $650,174, were conducted pursuant to a pre-arranged Rule 10b5-1 trading plan.
- Following these transactions, Mr. Grayson beneficially owns 118,213 shares of DocuSign common stock directly.
- Derivative securities transactions on December 15, 2025, included the conversion of 23,141, 5,120, and 5,186 Restricted Stock Units (RSUs) into common stock, and 1,659 and 2,347 Performance Stock Units (PSUs) into common stock, all at an exercise price of $0.
Sentiment
Score: 5
Explanation: This is a neutral filing, as it is a routine disclosure of insider transactions (vesting and sales) and does not contain information about the company's operational or financial performance.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook. It solely reports insider transactions.
Industry Context
This filing is a routine disclosure of insider transactions, specifically the vesting of equity compensation and subsequent sales by a corporate officer. Such transactions are common across the technology industry as part of executive compensation packages and personal financial planning, often executed under Rule 10b5-1 plans to avoid accusations of trading on material non-public information.
Key Dates
| Date | Description |
|---|---|
| 2023-06-10 | Vesting commencement date for 23,141 RSUs, vesting in sixteen equal quarterly installments over four years. |
| 2024-05-10 | Vesting commencement date for 5,120 RSUs, vesting in equal quarterly installments over four years. |
| 2025-01-31 | End of the FY25 Performance Period, relevant for the vesting of performance stock units based on subscription revenue and free cash flow. |
| 2025-05-10 | Vesting commencement date for 5,186 RSUs, vesting quarterly over a four-year period with specific percentages per year. |
| 2025-12-15 | Date of RSU/PSU vesting and subsequent acquisition of common stock, and shares withheld for tax obligations. |
| 2025-12-17 | Date of common stock sales by the reporting person. |
Keywords
DocuSign, DOCU, Form 4, Insider Transaction, CFO, Stock Sale, RSU, PSU, 10b5-1 Plan, Equity Compensation
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