DOCUSIGN, INC.

The proposal requests that the Board commission and publish a report, at reasonable expense and omitting proprietary information, assessing risks associated with using ESG and DEI metrics in executive compensation. It asks the report to evaluate potential impacts on shareholder value, corporate reputation, and legal compliance, citing concerns about subjectivity, regulatory uncertainty, and possible misalignment with fiduciary duties. The proponents specifically reference Docusign’s stated intention to include emissions reductions and employee engagement metrics in bonuses and cite studies and examples questioning whether such metrics advance financial performance. The report would provide transparency to shareholders about the company’s business case and risk mitigation related to ESG/DEI-linked pay.