Good day, everyone, and welcome to the Docusign Annual Meeting. Now, I'll turn the call over to your host, Jim Shaughnessy, Chief Legal Officer. Please go ahead, Jim. Thank you. Good morning, all. I'm Jim Shaughnessy, Docusign's Chief Legal Officer. I'm pleased to welcome you to the 2026 Docusign Annual Meeting of Stockholders. Before I call the meeting to order, I'd like to welcome the members of the Docusign board, including our Chair, James Beer, our past Chair, Maggie Wilderotter, and the executive team, including our Chief Executive Officer, Allan Thygesen, and Chief Financial Officer, Blake Grayson. I would also like to acknowledge Karen Plunkett of PricewaterhouseCoopers LLP, the company's external auditors, who's available to respond to appropriate questions. At this time, we'll get started with the business of the Annual Meeting. I will act as Secretary and Chair of the Annual Meeting. The meeting will now officially come to order. This meeting will be conducted in accordance with the agenda and rules of conduct, which are posted on the meeting website. They outline how we will proceed. To conduct an orderly and productive meeting, we ask participants to abide by these rules. As stated in the rules of conduct, if you would like to submit a question, you may do so by following the instructions on the meeting website. We will proceed with the formal business of the meeting as described in your Notice of Annual Meeting and proxy statement. Please note that we will first conduct the formal portion of this meeting where we will present the proposals. After the formal portion of the meeting, we will keep the line open to address other questions that relate to the company's business and are of general interest to stockholders. Pursuant to the Delaware General Corporation Law Section 219, a list of stockholders entitled to vote at this meeting was provided for inspection during ordinary business hours at the company's principal place of business for a 10-day period ending yesterday. As of April 7th, 2026, the record date for this meeting, there were 194,291,386 shares of our common stock outstanding and entitled to vote at this meeting. I also have an affidavit of Broadridge Financial Solutions, or Broadridge, certifying that on April 16th, 2026, a Notice of the Annual Meeting of Stockholders of the company was deposited in the U.S. mail to all stockholders of record at the close of business on April 7th, 2026. The affidavit of mailing will be incorporated into the minutes of this meeting. At this time, I'd like to introduce Jim Raitt from American Election Services, LLC. I'm appointing Mr. Raitt to act as Inspector of Elections at this meeting. Mr. Raitt has taken and subscribed the customary oath of office to execute his duties with strict impartiality. We will file this oath of the Inspector of Elections with the records of the meeting. His function is to decide upon the qualifications of voters, accept their votes, and when balloting on all matters is completed, to tally the final votes. I have been informed by the Inspector of Elections that at least a majority of the company's issued and outstanding shares entitled to vote is present or represented by proxy at today's virtual meeting, and that therefore, a quorum is present and the business of this meeting can be conducted. We will now proceed with the meeting by opening the polls. The time is now 9:04 A.M. Pacific Time, and the polls have been open for voting on all matters to be presented since this meeting commenced. You may cast your vote at any time during the meeting until the closing of the polls. If you have already returned a proxy or voted by phone or through the internet, then you need not vote again online at this meeting unless you wish to change your vote. Your vote has already been included in the proxy count. If any stockholder has not voted by proxy prior to the meeting and now wishes to vote, or if any stockholder wishes to change his or her vote from that previously recorded, please vote or change your vote online on the website you have logged into to listen to the Annual Meeting. After you've completed or changed your vote online and we've completed consideration of the items on the agenda, we'll tabulate your proxies and ballots. We encourage you to vote as early as possible. The polls will be closed to voting after we go through the matters to be voted on. There are five items of business on the agenda for this year's meeting, which were described in our proxy statement for this meeting. The first item of business is the election of three Class 2 directors to serve until the 2029 Annual Meeting and until their successors are elected. As set forth in our proxy statement, the board has nominated the following Class 2 directors: James Beer, Cain Hayes, and Allan Thygesen. No other director nominees have been properly submitted for election; therefore, no other nominations may be accepted. The Board of Directors recommends a vote for the election of each of the nominated directors. Under our bylaws, which calls for a majority voting standard for the election of directors, each nominee must receive a majority of votes cast to be elected, which means the director or nominee will be elected to the board if the votes cast for such nominee's election exceed the votes cast against such nominee's election. As secretary of this meeting, and on behalf of the board, I move for election of each of the nominated directors, w hich motion is seconded by proxy. The second item of business today is the ratification of the selection of PricewaterhouseCoopers LLP or PwC as the company's independent registered public accounting firm for the fiscal year ending January 31st, 2027. More information about this proposal may be found in our proxy statement. The Board of Directors recommends a vote for the ratification of the appointment of PwC. The affirmative vote of the holders of a majority of votes cast for or against the matter will be required to ratify the selection of PwC. As secretary of this meeting, on behalf of the board, I move for approval of this proposal, which motion is seconded by proxy. The third item of business today is a non-binding advisory vote on our named executive officers' compensation. We're asking our stockholders to approve our named executive officers' compensation on a non-binding advisory basis. More information about this proposal can be found in our proxy statement. The Board of Directors recommends a vote for this proposal. The affirmative vote of the holders of a majority of votes cast for or against the matter will be required for advisory approval of this proposal. As secretary of the meeting and on behalf of the board, I move for approval of the non-binding advisory vote on our named executive officers' compensation, which motion is seconded by proxy. The fourth item of business today is a non-binding advisory vote on the frequency of future named executive officers' compensation. We are asking our stockholders to approve the frequency of future named executive officers' compensation on a non-binding advisory basis. More information about this proposal can be found in our proxy statement. The Board of Directors recommends a vote for one year for this proposal. The frequency every one, two, or three years, receiving the greatest number of votes will be considered the frequency recommended by stockholders. As secretary of this meeting, on behalf of the board, I move for approval of a vote every one year of this non-binding advisory vote on the frequency of future named executive officers' compensation, which motion is seconded by proxy. The fifth item of business today is a stockholder proposal requesting that we report on the risks of non-fiduciary executive compensation metrics. The stockholder proposal, its supporting statement, and the Board of Directors' statement regarding this proposal are set forth in our proxy statement. The proposal was submitted by Bowyer Research on behalf of Inspire Investing, LLC, Inspire 500 ETF. We do have a stockholder present. Thank you. The operator has confirmed that a representative of the stockholder proponent is in attendance at the meeting. We'll now play a pre-recorded message submitted by the stockholder proponent in support of the proposal. Hello, my name is Tim Schwarzenberger. I'm a Portfolio Manager and the Director of Corporate Engagement at Inspire Investing. Inspire is the largest provider of Christian ETFs and the filer of proposal five. This proposal is about an increasingly important question. Does Docusign's use of non-fiduciary ESG and DEI metrics in its executive compensation plan create confusion around what it expects executives to prioritize, raise concerns about fiduciary alignment, or call into question the company's commitment to political neutrality? The clear trend across corporate America makes the answer abundantly clear. Non-activist shareholders who invest for return expect companies to prioritize fiduciary duty and wealth creation above all else. We are right to, and Docusign is no exception. To Docusign's credit, the company has recognized some of these concerns by deciding to phase out its ESG modifier from executive compensation. We appreciate management's willingness to engage constructively with shareholders on these issues and view that change as a meaningful step in the right direction. However, ESG and DEI-related metrics still remain embedded elsewhere in the compensation structure. While ESG and DEI-aligned special interest groups argue for incorporating these sorts of metrics into executive compensation, doing so often creates a dual mandate for executives, muddying the waters around what Docusign views as its strategic priorities and creating opportunities for controversy and reputational harm to our company. In many cases, ESG and DEI-related compensation metrics are duplicative at best and distracting at worst. For example, if supply chain emissions reductions materially improve financial performance, those benefits should already be reflected in the company's financial results and stock price. Tying executive compensation to those same outcomes risks double counting, and if they are not financially material, shareholders are right to question why they are influencing executive pay in the first place. The reputational risks of ESG and DEI elements in executive compensation are well- demonstrated, and the rapidly evolving legal and regulatory landscape around such elements is an additional point in favor of caution and fiduciary duty above all else. Similarly, perception-based employee experience metrics can introduce additional subjectivity and the potential compliance risks in an increasingly complex legal and regulatory environment. That's the point of this proposal. We are asking Docusign to defend and fully commit to its most critical form of inclusion, including every employee, shareholder, and customer as part of its mission of a growing company and a healthier world. Above all, avoiding activism and distractions and focusing on core business, political neutrality, fiduciary duty, and wealth creation for shareholders. Thank you. Thank you. I recognize the proposal as being properly presented. The Board of Directors recommends a vote against the approval of the stockholder proposal to report on the risks of non-fiduciary executive compensation metrics. The affirmative vote of the holders of a majority of votes cast, for or against the matter, will be required for approval of this proposal. As secretary of the meeting and on behalf of the board, I move to vote against this proposal, which motion is seconded by proxy. That concludes the proposals for today's meeting. The voting procedures are as follows. Voting is by proxy or by written ballot that may be submitted electronically at this meeting via the virtual meeting website. If you are a record holder and wish to change your vote, did not send in a proxy and wish to cast your vote now, or have not already cast your vote using our electronic voting system, you may cast your vote by electronic ballot on the voting website now or any time until the closing of the polls at this meeting. You'll notice a link to the voting site on your screen. Access to the voting site requires the control number you received before this meeting. If you do not indicate the number of shares you intend to vote on your electronic ballot, your electronic ballot will automatically represent all the shares that you are entitled to vote at this meeting. Each share of common stock is entitled to one vote. You will also notice a link to ask questions during the meeting. Questions received will be reviewed by our legal team, and responses to pertinent questions will be sent to the relevant holders if contact details are provided. We will now briefly pause to allow for stockholders to complete casting ballots electronically and submitting questions at this meeting. Please note that any votes by electronic ballots submitted today will be subject to final verification by the Inspector of Elections. We have now covered all the business properly brought before the stockholders today, so I now declare the polls for each matter of business to be closed for voting. The results to be announced are based on the preliminary tally provided by our Inspector of Elections. All votes are subject to a final count certified by the Inspector of Elections. Based on the preliminary voting results, the Inspector of Elections has confirmed that for proposal one, all three nominees, James Beer, Cain Hayes, and Allan Thygesen, have been reelected as the director of the company. For proposal two, PwC has been ratified as the company's independent registered public accounting firm for the fiscal year ending January 31st, 2027. Proposal three, the non-binding advisory vote on our named executive officers' compensation, received the requisite number of votes to be passed at this meeting. Proposal four, the non-binding advisory vote on the frequency of future named executive officers' compensation, received the requisite number of votes to be passed at this meeting. Proposal five, the stockholder proposal to report on risks and non-fiduciary executive compensation metrics, did not receive the requisite number of votes to be passed at this meeting. The Inspector of Elections will provide a final voting report, which will be included in the minutes of this meeting, and the final voting results will also be filed with the Securities and Exchange Commission. It is now 9:16 A.M. Pacific Time. I declare the business of today's meeting is concluded. At this time, Annual Meeting of Stockholders is concluded, and we will hold a brief Q&A session to answer selected questions from our stockholders. Only validated stockholders or proxy holders are able to ask questions in a designated field on the virtual meeting website. We may address certain submitted questions relevant to this meeting and pertinent to matters properly brought before the meeting. Similar questions may be combined to avoid repetition. For any unanswered questions, you may reach out to our investor relations team at https://investor.docusign.com. No questions pertinent to meeting matters or related to the company's business have been submitted. For questions about the company, we encourage you to email investors@docusign.com with your questions. It is now 9:18 A.M. Pacific Time. I declare the question- and- answer session is concluded. Thank you for attending our Annual Meeting and for your continued support of Docusign. That concludes our meeting today. You may now disconnect. Goodbye.