secwatch.observer — SEC 8-K summary
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Issuer:     DOCUSIGN, INC. (DOCU)
CIK:        0001261333
Form:       8-K
Filed at:   2022-07-29T23:59:59+00:00
Accession:  0001261333-22-000135
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DocuSign finalizes separation with ex-COO Olrich; $346,667 severance, 6-mo equity acceleration
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- Cash severance of $216,667 (6-month salary) plus $130,000 bonus severance.
- COBRA premium coverage for up to 6 months, with taxable cash alternative if required.
- Acceleration of time-based RSU vesting by 6 months (through Dec 20, 2022).
- PSUs subject to pro-rata vesting based on actual performance achievement at end of performance period.
- If Change in Control closes by Sept 20, 2022, cash severance doubles to $433,333, 12-mo COBRA, full RSU vest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261333/000126133322000135/0001261333-22-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261333/000126133322000135/docu-20220728.htm
  HTML page:      https://secwatch.observer/filing/0001261333-22-000135

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer