DocuSign, Inc. reported an insider ownership change for Allan C. Thygesen, involving equity compensation awards tied to the company’s common stock. The Form 4 was filed on July 10, 2026, and reports activity dated July 9, 2026. The filing describes grants of derivative securities in the form of restricted stock units and performance stock units. Each restricted stock unit, or RSU, represents a contingent right to receive one share of DocuSign common stock. The RSUs are scheduled to vest in equal quarterly installments over three years, with a vesting commencement date of May 10, 2026. Vesting is subject to Thygesen continuing to serve as a service provider to the company through each applicable vesting date. The RSUs do not have an expiration date; they either vest into shares or are canceled before vesting. The filing also reports performance stock units, or PSUs, which likewise represent contingent rights to receive DocuSign common shares. One PSU tranche is tied to DocuSign’s achievement of subscription revenue goals over a three-year “FY29 Financial Performance Period.” The goals are to be established at the beginning of each of the first, second and third 12-month periods during that performance period. The maximum payout for these subscription revenue-based PSUs is capped at 200% of the target number of units. Any earned units are scheduled to vest 100% on June 10, 2029, subject to continued service, with certain limited exceptions. A second PSU tranche is tied to free cash flow goals over the same FY29 Financial Performance Period. As with the revenue-based PSUs, the free cash flow goals are set at the beginning of each annual segment of the three-year period, the maximum payout is capped at 200% of target, and any earned PSUs vest in full on June 10, 2029, subject to continued service and limited exceptions. The PSUs do not expire; they either vest or are canceled before the vesting date. The text provided does not include the transaction table details that would show the exact number of RSUs or PSUs granted, transaction codes, grant prices, or Thygesen’s beneficial ownership totals after the transaction. Based on the explanatory notes, the filing primarily reports a compensation-related equity award rather than an open-market purchase or sale. Its significance is that it outlines long-term incentive compensation for a senior DocuSign insider, with part of the award time-based and part dependent on DocuSign meeting subscription revenue and free cash flow performance goals through fiscal 2029.