secwatch.observer — SEC 8-K summary
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Issuer:     DOCUSIGN, INC. (DOCU)
CIK:        0001261333
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001261333-23-000058
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DocuSign appoints Blake Grayson as CFO, effective after Q1 FY2024 earnings release
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- Blake Grayson, former CFO of The Trade Desk and Amazon finance leader, becomes DocuSign CFO.
- Start date expected after DocuSign's Q1 FY2024 earnings announcement; succeeds Cynthia Gaylor.
- Compensation includes $500k base salary, target bonus 100% of base, $1M signing bonus, and RSU awards totaling ~$32.5M.
- RSU awards: $20M sign-on RSU vesting over 4 years quarterly; $7.5M vesting at 12-month anniversary; $5M vesting over 15 months and quarterly thereafter.
- Severance agreement provides 12 months salary, bonus, COBRA, and equity vesting upon qualifying termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261333/000126133323000058/0001261333-23-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261333/000126133323000058/docu-20230516.htm
  HTML page:      https://secwatch.observer/filing/0001261333-23-000058

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