DocuSign CEO Allan C. Thygesen Settles RSUs/PSUs & Withholds Shares for Taxes

Executive Summary

On September 16, 2026, DocuSign, Inc. ($DOCU) filed a Form 4 disclosing transactions by President, CEO, and Director Allan C. Thygesen. On September 15, 2026, Thygesen vested and settled 67,467 shares of common stock from various Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). To satisfy statutory tax withholding obligations, 33,454 shares were surrendered to the issuer. Following these transactions, Thygesen directly holds 193,051 shares of DocuSign common stock.

Transaction Breakdown

• Derivative Settlements (Code M):
  • 11,497 RSUs (Grant date: October 10, 2022)
  • 8,749 RSUs (Grant date: May 10, 2023)
  • 10,466 RSUs (Grant date: May 10, 2024)
  • 9,276 RSUs (Grant date: May 10, 2025)
  • 15,197 RSUs (Grant date: May 10, 2026)
  • 5,086 PSUs (Subscription revenue-based, FY25 performance period)
  • 7,196 PSUs (Free cash flow-based, FY25 performance period)
  • Total Shares Acquired: 67,467
• Tax Withholding (Code F):
  • 33,454 shares disposed at $0.00 to cover tax withholding liability.
• Net Share Increase: +34,013 shares.

Insider Sentiment & Market Impact

These transactions represent standard, scheduled equity compensation vesting and mandatory tax withholdings. No discretionary open-market sales or purchases took place. Consequently, the trading significance is rated as Low.