Summary by Futu AI
DocuSign, Inc. filed an Initial Statement of Beneficial Ownership of Securities with the SEC on September 6, 2024, following an event on August 28, 2024. The filing, required under Section 16(a) of the Securities Exchange Act of 1934, was completed by Lisa Yun, Attorney-in-fact for DocuSign. The report details the beneficial ownership of non-derivative and derivative securities by the company's Chief Revenue Officer. The non-derivative securities include common stock, while the derivative securities consist of various types of performance stock units (PSUs) and restricted stock units (RSUs). The RSUs are set to vest over four years, with accelerated vesting clauses under certain conditions, such as a change in control of the issuer. The PSUs' vesting is contingent on the company's total shareholder return, subscription revenue, and free cash flow, with specific performance targets and vesting schedules outlined.