Form 4: DocuSign's Chief Legal Officer Reports Stock Transactions

James P. Shaughnessy, Chief Legal Officer of DocuSign, reports the vesting and settlement of restricted stock units and related tax obligation fulfillment.

Summary

• On March 15, 2024, James P. Shaughnessy, the Chief Legal Officer of DocuSign, engaged in transactions involving DocuSign's common stock and restricted stock units (RSUs).
• He acquired 15,365 shares of common stock through the vesting of RSUs.
• 7,122 shares were withheld by DocuSign to cover tax obligations arising from the vesting of these RSUs.
• Following these transactions, Shaughnessy directly owns 48,303 shares of DocuSign common stock and holds 103,026 restricted stock units.
• The RSUs vest in quarterly installments over four years, subject to continued service, and may be subject to accelerated vesting under certain termination or change in control scenarios.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather reflects standard compensation practices.

Future Outlook

The RSUs will continue to vest in quarterly installments over the vesting periods, contingent upon continued service.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the standard compensation practices for company executives.

Key Dates