Form 4: DocuSign Director Converts RSUs to Common Stock

DocuSign Director Mary Agnes Wilderotter converted 729 Restricted Stock Units into common stock on August 29, 2025, increasing her direct common stock holdings.

Summary

• Mary Agnes Wilderotter, a Director at DocuSign, Inc. (DOCU), converted 729 Restricted Stock Units (RSUs) into common stock.
• This transaction occurred on August 29, 2025, and was executed at a price of $0 per share for the acquired common stock.
• Following the conversion, Ms. Wilderotter directly beneficially owns 58,345 shares of DocuSign common stock and 2,187 Restricted Stock Units.
• Each RSU represents a contingent right to receive one share of the Issuer's common stock.
• The RSUs have a vest commencement date of May 29, 2025, and are scheduled to vest in equal quarterly installments over one year, with the final installment vesting on the earlier of the company's next annual meeting or the one-year anniversary of the grant, subject to continued service.

Sentiment

Score: 6

Explanation: The transaction is a routine conversion of equity compensation, which is generally neutral. However, a director increasing their direct common stock holdings, even through conversion, can be seen as a slight positive for aligning interests with shareholders.

Positives

• The conversion of Restricted Stock Units into common stock increases the direct common stock holdings of a company director, aligning their interests more closely with shareholders.
• The transaction was executed at a $0 price for the acquired common stock, indicating it was an exercise of previously granted equity compensation.

Future Outlook

The remaining 2,187 Restricted Stock Units held by Ms. Wilderotter are expected to vest in equal quarterly installments over one year from the May 29, 2025, commencement date, with the final installment vesting on the earlier of the company's next annual meeting of stockholders or the one-year anniversary of the grant, contingent on continued service.

Industry Context

This is a routine insider transaction related to equity compensation, common across publicly traded companies, and does not directly reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders may view the increase in a director's direct common stock ownership positively, as it suggests greater alignment of interests between management and investors.

Next Steps

• The remaining 2,187 Restricted Stock Units will continue to vest in equal quarterly installments over one year from May 29, 2025, subject to Ms. Wilderotter's continued service.

Key Dates

Keywords

DocuSign, DOCU, Insider Transaction, Form 4, Restricted Stock Units, RSU Conversion, Director Stock Ownership, Equity Compensation